Property profile

1401 Carriage Ln New Berlin, WI 53151

OFF-MARKET
Commercial real estate
Property ID
US92-0659771
15,808 SF 1.1 ac lot Built 1987
Entity Owned 25-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Total area 15,808 SF
Lot 1.1 ac (47,916 SF)
Zoning code RM1
APN NBC 1161953001
UPID US92-0659771

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1401 Carriage Ln New Berlin, WI 53151-1439
New Berlin metro Census 201403 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$1.64M

Owner & transaction history

since 2000
2 recorded transactions
2000
$1.2M
1969
Price N/A

Zoning & alternative use

RM1 · New Berlin, WI
Top alternative use upside
Retail stores $2.0M +5.8%
Warehouse, storage $1.9M +1.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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