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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Showrooms
1426 Ave Waukesha, WI 53189-7409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0347309
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1966
Total area
10,640 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B-3
APN
WAKC1354099
UPID
US92-0347309
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
$1.61M
Blend (final)
Blend
$1.29M
Owner & transaction history
Joint Commercial Properties LLC · 1 yrs held
Joint Commercial Properties LLC
since 2025
6 recorded transactions
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
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 Waukesha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukesha 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
COMMERCIAL (GENERAL)
$1,545,000
Current use
RETAIL STORES
$1,355,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,295,000
Change: -16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,270,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$121 / 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
$13,569
Tax year 2023
Assessed value
$894,700
Assessed 2023
Previous assessed
$734,200
+21.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$255,200
Assessed improvement
$639,500
Total market value
$926,287
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,640 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B-3
APN
WAKC1354099
UPID
US92-0347309
Jurisdiction
WAUKESHA
Zoning & alternative use
B-3 · Waukesha, WIZoning B-3 · permitted uses
B-3 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Joint Commercial Properties LLC
Entity
Mailing address
184TH CHALLENGER DR, MUSKEGO, WI 53150-8748
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Joint Commercial Properties LLC
Victor Raab
Quitclaim Deed
related
—
Jul 13, 2011
$2,350
City Of Waukesha
Europa Equities 1426 LLC
Warranty Deed
—
Jan 26, 2007
—
Europa Equities 1426 LLC
Raab Rudolph & Diane M Trust
Quit Claim Deed
related
—
—
—
Rudolph Raab
—
Deed Of Trust
related
$425,000 · Firstar Bank Milwaukee NA
—
—
Raab Trust
—
Deed Of Trust
related
$425,000 · Firstar Bank
—
—
Raab Rudolph & Diane M Trust
—
Deed Of Trust
related
$500,000 · Us Bank NA
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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