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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Warehouses
140th Lilly Rd Menomonee Falls, WI 53051-2328
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0374265
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
102,798 SF
Lot
10.04 ac (437,342 SF)
Zoning code
B
APN
MNFV0003978
UPID
US92-0374265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.83M
CAP Approach
CAP
$6.99M
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$6.35M
Owner & transaction history
Caljan INC · 6 yrs held
Caljan INC
since 2020
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Menomonee Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menomonee Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,265,000
ML approach
$6,825,000
CAP Approach
CAP Return
Estimation
6%
$7,570,000
6.5%
$6,985,000
7%
$6,485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,545,000
Current use
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $5.38M (May 15 2020)
Last sale anchor
$5.38M
May 15 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,957
Tax year 2023
Assessed value
$5,556,100
Assessed 2023
Previous assessed
$3,985,700
+39.4% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,429,800
Assessed improvement
$4,126,300
Total market value
$5,695,900
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Total area
102,798 SF
Lot
10.04 ac (437,342 SF)
Zoning code
B
APN
MNFV0003978
UPID
US92-0374265
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WI
Zoning B · permitted uses
B · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menomonee Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.5M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
10.04 ac
Current owner
From public records · entity-resolved
Caljan INC
Entity
Mailing address
140TH LILLY RD, MENOMONEE FALLS, WI 53051-2328
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
60 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
$5,375,000
Caljan INC
Bamco Investments LLP
Grant Deed
—
Oct 26, 2018
—
Bamco Investments LLP
—
Deed
related
$1,450,000 · Cornerstone Community Bank
Dec 3, 2008
—
Bamco Investments LLP
—
Loan Modification
related
$1,460,000 · Wells Fargo Bk
Apr 14, 2008
—
Bamco Investments LLP
—
Deed Of Trust
related
$9,360,000 · Wells Fargo Bk
Aug 15, 2007
—
Chantel M Speaks
Speaks,chantel M
Quit Claim Deed
related
$248,000 · National City Mortgage Co
May 16, 2007
$275,000
High Point Commons LLC
Ligon,judith A
Warranty Deed
—
May 16, 2007
$295,000
High Point Commons LLC
Curasi,james J & Suzanne C
Warranty Deed
related
$11,000,000 · First Bank Financial Centre
Dec 2, 2005
—
Lilly Creek LLC
—
Trustees Deed
related
$1,044,578 · M&i Marshall & Ilsley Bk
Mar 2, 2005
$4,200,000
Bamcc Investments LLP
First Industrial Development Svcs I
Warranty Deed
—
Aug 31, 2004
$3,375,000
First Industrial Dev Svcs INC
California St Teachers Retire
Grant Deed
related
—
Aug 2, 1999
$5,700,000
Ca State Teachers Retirement S
University Of Chicago
Grant Deed
—
—
—
Terrence P Simpson
—
Deed Of Trust
related
$70,800 · Countrywide Bank
—
—
Mark A Bacovsky
—
Deed Of Trust
related
$30,000 · Ditech Com
—
—
Robert L Turner
—
Deed Of Trust
related
$100,000 · Landmark Cu
—
—
Moneypit LLC
—
Deed Of Trust
related
$119,250 · Foundations Bank
—
—
Andrew P Stroh
—
Deed Of Trust
related
$35,000 · Wells Fargo Bank
—
—
David A Kroeninger
—
Deed Of Trust
related
$50,000 · Midamerica Fsb
—
—
Joseph F Riefel
—
Deed Of Trust
related
$191,000 · Us Bank NA
—
—
Charles A Wise
—
Deed Of Trust
related
$214,400 · Countrywide Home Loans INC
—
—
Dawn M Blanke
—
Deed Of Trust
related
$76,000 · Argent Mortgage Co LLC
—
—
John E Wheeler
—
Deed Of Trust
related
$19,800 · USA Funding Corp
—
—
Robert J Peck
—
Deed Of Trust
related
$63,000 · Wauwatosa Savings Bank
—
—
Thomas M Demski
—
Deed Of Trust
related
$141,000 · Wiscor Cu
—
—
Michael J Brachmann
—
Deed Of Trust
related
$160,000 · Continental Savings Bank
—
—
Mark A Bacovsky
—
Deed Of Trust
related
$155,500 · Bank Of America
—
—
Jeffrey T Mish
—
Deed Of Trust
related
$15,000 · Bank Mutual
—
—
Gregory S Retzlaff
—
Deed Of Trust
related
$50,000 · J P Morgan Chase Bank
—
—
Keith M Lofy
—
Deed Of Trust
related
$25,000 · Gb Home Equity
—
—
Dennis R Paul
—
Deed Of Trust
related
$46,200 · North Shore Bank Fsb
—
—
Frank Misch
—
Deed Of Trust
related
$39,000 · Associated Bank
—
—
Christopher W Jahnke
—
Deed Of Trust
related
$30,000 · M&i Marshall & Ilsley Bk
—
—
James W Kirchner
—
Deed Of Trust
related
$150,000 · Landmark Cu
—
—
John E Wheeler
—
Deed Of Trust
related
$37,500 · Gb Home Equity
—
—
Bamco Investments LLP
—
Deed Of Trust
related
—
—
—
Bamco Investments LLP
—
Deed Of Trust
related
$1,500,000 · First Bank Financial Centre
—
—
Mark Peplin
—
Deed Of Trust
related
$45,000 · Us Bank NA Nd
—
—
Tony Frey
—
Deed Of Trust
related
$180,400 · Great Midwest Bank Ssb
—
—
Chantel M Speaks
—
Deed Of Trust
related
$40,000 · Consumers Cu
—
—
Tony Frey
—
Deed Of Trust
related
$180,400 · Great Midwest Bank Ssb
—
—
Robert J Peck
—
Deed Of Trust
related
$23,436 · Landmark Cu
—
—
Brier W S
—
Deed Of Trust
related
$123,000 · Us Bank NA Nd
—
—
Dawn M Blanke
—
Deed Of Trust
related
$304,000 · Argent Mortgage Co LLC
—
—
Michael J Brachmann
—
Deed Of Trust
related
$360,000 · Legacy Bank
—
—
Becky Freeman
—
Deed Of Trust
related
$103,750 · National City Bank
—
—
Paul Orwal
—
Deed Of Trust
related
$125,000 · Associated Bank
—
—
Daniel J Stadler
—
Deed Of Trust
related
$35,000 · Wells Fargo Bank
—
—
George L Hackbarth
—
Deed Of Trust
related
$150,000 · Midamerica Fsb
—
—
Jeffrey R Padour
—
Deed Of Trust
related
$15,000 · Landmark Cu
—
—
Patricia A Holem
—
Deed Of Trust
related
$100,000 · J P Morgan Chase Bank
—
—
Dennis R Paul
—
Deed Of Trust
related
$156,000 · Assured Mortgage Corp
—
—
Gordon L Fait
—
Deed Of Trust
related
$25,000 · Associated Bk North
—
—
Scott Dunnigan
—
Deed Of Trust
related
$154,800 · Argent Mortgage Co LLC
—
—
Dawn M Blanke
—
Deed Of Trust
related
$342,000 · Us Bank NA Nd
—
—
Scott T Mueller
—
Deed Of Trust
related
$208,000 · Anchorbank Fsb
—
—
Dawn M Blanke
—
Deed Of Trust
related
$38,000 · Us Bank NA Nd
—
—
John E Wheeler
—
Deed Of Trust
related
$158,400 · USA Funding Corp
—
—
Russel F Burger
—
Deed Of Trust
related
$50,000 · Midamerica Fsb
—
—
Gregory J Welch
—
Deed Of Trust
related
$95,000 · J P Morgan Chase Bank
—
—
Becky A Freeman
—
Deed Of Trust
related
$82,000 · Allco Cu
—
—
Bernard Duke
—
Deed Of Trust
related
$140,000 · Us Bank NA Nd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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