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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Commercial real estate
14150 National Ave New Berlin, WI 53151-4529
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0740171
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Total area
13,807 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B2
APN
NBC 1205994
UPID
US92-0740171
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
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$630k
Owner & transaction history
Dave Belan LLC · 1 yrs held
Dave Belan LLC
since 2025
7 recorded transactions
Zoning & alternative use
B2 · New Berlin, 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 New Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Berlin 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$46 / 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
$9,001
Tax year 2023
Assessed value
$595,400
Assessed 2023
Previous assessed
$595,400
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$262,500
Assessed improvement
$332,900
Total market value
$689,500
Applied tax rate
3,925.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1962
Heating
NONE
Units
1
Total area
13,807 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B2
APN
NBC 1205994
UPID
US92-0740171
Jurisdiction
WAUKESHA
Zoning & alternative use
B2 · New Berlin, WI
Zoning B2 · permitted uses
B2 · New Berlin, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Dave Belan LLC
Entity
Free & Clear · 1 yrs held
Mailing address
20790 WATERTOWN RD, WAUKESHA, WI 53186-1870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
Dave Belan LLC
David D Belan
Quitclaim Deed
related
—
Jul 19, 2021
—
Belan Trust
David Belan
Transfer On Death Deed
related
—
Feb 26, 2020
—
David D Belan
—
Deed
related
$228,000 · Landmark Cu
Jul 11, 2018
—
David D Betan
—
Deed
related
$217,278 · Landmark Cu
—
—
David D Belan
—
Deed Of Trust
related
$80,000 · M & I Lake Country Bank
—
—
David D Belan
—
Deed Of Trust
related
$22,000 · M & I Lake Country Bank
—
—
David D Belan
—
Loan Modification
related
$228,000 · Landmark Cu
—
—
David D Betan
—
Deed Of Trust
related
$217,278 · Landmark Cu
—
—
David D Belan
—
Deed Of Trust
related
$335,000 · Port Washington State 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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