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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Warehouses
140th Lilly Rd Menomonee Falls, WI 53051-6046
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0824013
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
64,640 SF
Lot
4.63 ac (201,857 SF)
Zoning code
B
APN
MNFV0099999002
UPID
US92-0824013
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
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
$5.38M
Blend (final)
Blend
$4.13M
Owner & transaction history
Jp Lilly LLC · 6 yrs held
Jp Lilly LLC
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,760,000
6.5%
$4,395,000
7%
$4,080,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,375,000
Current use
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10%
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
$64 / 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
$45,862
Tax year 2023
Assessed value
$4,114,200
Assessed 2023
Previous assessed
$2,295,400
+79.2% YoY
Effective rate
1.11%
On assessed value
Assessed land
$757,000
Assessed improvement
$3,357,200
Total market value
$4,217,800
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
1984
Heating
NONE
Total area
64,640 SF
Lot
4.63 ac (201,857 SF)
Zoning code
B
APN
MNFV0099999002
UPID
US92-0824013
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
$5.4M
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
1984
Heating
NONE
Lot
4.63 ac
Current owner
From public records · entity-resolved
Jp Lilly LLC
Entity
Mailing address
140TH LILLY RD, MENOMONEE FALLS, WI 53051-6002
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
Jp Lilly LLC
—
Deed
related
$240,000 · Pyramax Bank
Nov 25, 2019
—
Jp Lilly LLC
Katherine E Nell
Warranty Deed
$1,227,806 · Pyramax Bank Fsb
May 18, 2018
$7,200
Village Of Menomonee Falls
Jp Lilly LLC
Warranty Deed
—
May 9, 2018
$1,528,500
Jp Lilly LLC
Nell,katherine E
Grant Deed
—
Mar 16, 2015
$767,500
Katherine E Nell
Bronson Family LP
Warranty Deed
—
Mar 16, 2015
—
Nell,katherine E|bronson Family LP
Bronell Investment Co
Quit Claim Deed
—
Mar 16, 2015
$1,535,000
Jp Lilly LLC|nell,katherine E
Nell Katherine E
Dual Purpose Document
related
$1,535,000 · Katherine E Nell
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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