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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Warehouses
140th Lilly Rd Menomonee Falls, WI 53051-7017
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-1284188
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
19,640 SF
Lot
3.34 ac (145,665 SF)
Zoning code
B
APN
MNFV0143999004
UPID
US92-1284188
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
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.50M
Owner & transaction history
Mlg Lf Obc LLC · 5 yrs held
Mlg Lf Obc LLC
since 2021
Last sale
$2.7M
2 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+144.1%
Apartment house (5+ units)
$2.8M
+74.1%
Retail stores
$2.5M
+53.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,630,000
Current use
OFFICE BUILDING
$3,985,000
Change: +144% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,840,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$2,500,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,430,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,350,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.71M (Feb 17 2021)
Last sale anchor
$2.71M
Feb 17 2021
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
$127 / 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
$33,290
Tax year 2023
Assessed value
$2,987,900
Assessed 2023
Previous assessed
$2,038,900
+46.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$546,300
Assessed improvement
$2,441,600
Total market value
$3,063,000
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
1990
Heating
NONE
Buildings
2
Total area
19,640 SF
Lot
3.34 ac (145,665 SF)
Zoning code
B
APN
MNFV0143999004
UPID
US92-1284188
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
$1.6M
OFFICE BUILDING
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1990
Heating
NONE
Buildings
2
Lot
3.34 ac
Current owner
From public records · entity-resolved
Mlg Lf Obc LLC
Entity
Mailing address
19000 W BLUEMOUND RD, BROOKFIELD, WI 53045-6073
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
Mlg/lf Oppbc LLC
—
Deed
related
$3,993,000 · Landmark Cu
Feb 17, 2021
$2,710,000
Mlg Lf Obc LLC
Overview Business Center LLC
Warranty Deed
$1,685,000 · Associated Bank
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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