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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Strip malls
1427 Racine Ave Waukesha, WI 53186-6468
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US92-0815109
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Total area
27,950 SF
Lot
3.43 ac (149,411 SF)
Zoning code
B-1
APN
WAKC1340094
UPID
US92-0815109
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
Current use
Occupant on record · Public records
-
Farmers Insurance - Jeremy Panczenko Insurance Agency
-
Golden Gate Restaurant Restaurant
-
Waukesha Antique Mall Home Decor Store (Bike/Boat/Book/etc) Store
-
Forever Faded Barber Shop Barber Shop
-
Golden Gate Centre Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$920k
Owner & transaction history
Am & Pm LLC · 16 yrs held
Am & Pm LLC
since 2009
7 recorded transactions
Zoning & alternative use
B-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for individual or small groups of retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acr…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
20.99 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
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$33 / 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
$24,342
Tax year 2023
Assessed value
$1,601,600
Assessed 2023
Previous assessed
$1,478,200
+8.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$992,100
Assessed improvement
$609,500
Total market value
$1,658,143
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
27,950 SF
Lot
3.43 ac (149,411 SF)
Zoning code
B-1
APN
WAKC1340094
UPID
US92-0815109
Jurisdiction
WAUKESHA
Zoning & alternative use
B-1 · Waukesha, WIZoning B-1 · permitted uses
B-1 · 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 individual or small groups of retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acres in area
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
20.99 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
Am & Pm LLC
Entity
Mailing address
1427 E RACINE AVE STE D, WAUKESHA, WI 53186-6468
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2009
$800,000
Am & Pm LLC
Brucker Real Estate LLC
Grant Deed
$500,000 · North Shore Bank Fsb
Jun 7, 2007
—
Lawrence Wolf Family
Wolf,lawrence A
Quit Claim Deed
related
—
Apr 26, 2005
$1,600,000
Brucker Real Estate LLC
Amigo Real Estate LLC
Warranty Deed
$1,620,000 · Park Bank Brookfield
Oct 22, 1999
$100,000
Amigo Real Estate LLC
Lucylle M Wolf Estate
Trustees Deed
$816,500 · State Financial Bank
Oct 22, 1999
$716,500
Amigo Real Estate LLC
Dresen,lynne
Trustees Deed
—
—
—
Amigo Real Estate LLC
—
Deed Of Trust
related
$905,000 · Waukesha State Bank
—
—
Amigo Real Estate LLC
—
Deed Of Trust
related
$100,000 · Mitchell Bank
—
—
Amigo Real Estate LLC
—
Deed Of Trust
related
$530,434 · Waukesha State Bank
—
—
Amigo Real Estate LLC
—
Deed Of Trust
related
$400,000 · State Financial Bank
—
—
Brucker Real Estate LLC
—
Deed Of Trust
related
$741,000 · Wisconsin Business Dev Finance
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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