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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Warehouses
142nd Fountain Blvd Menomonee Falls, WI 53051-1624
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0530656
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
44,832 SF
Lot
2.44 ac (106,243 SF)
Zoning code
B
APN
MNFV0005003
UPID
US92-0530656
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
$5.08M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$4.56M
Owner & transaction history
Likewise Et LLC · 3 yrs held
Likewise Et LLC
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+74.1%
Retail stores
$5.7M
+53.1%
Commercial (general)
$5.6M
+49.0%
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
$5,100,000
ML approach
$5,075,000
CAP Approach
CAP Return
Estimation
6%
$3,300,000
6.5%
$3,045,000
7%
$2,830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,725,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,485,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$5,705,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,550,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,360,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±10% · vs last sale $4.43M (May 30 2023)
Last sale anchor
$4.43M
May 30 2023
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
$102 / 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
$31,969
Tax year 2023
Assessed value
$2,869,600
Assessed 2023
Previous assessed
$2,276,500
+26.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$318,700
Assessed improvement
$2,550,900
Total market value
$2,941,800
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
1986
Heating
NONE
Total area
44,832 SF
Lot
2.44 ac (106,243 SF)
Zoning code
B
APN
MNFV0005003
UPID
US92-0530656
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
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
RETAIL STORES
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
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
1986
Heating
NONE
Lot
2.44 ac
Current owner
From public records · entity-resolved
Likewise Et LLC
Entity
Mailing address
1600 UTICA AVE S FL #9, ST LOUIS PARK, MN 55416-1465
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$4,425,600
Likewise Et LLC
Tahti LLC
Warranty Deed
$3,319,148 · Wings Financial FCU
Aug 17, 2009
—
Tahti LLC
Star,richard W
Quit Claim Deed
related
—
—
—
Richard W Star
—
Deed Of Trust
related
$450,000 · Investorsbank
—
—
Richard W Star
—
Deed Of Trust
related
$1,460,000 · Investorsbank
—
—
Richard W Star
—
Deed Of Trust
related
$1,159,526 · Tcf National Bank
—
—
Richard W Star
—
Deed Of Trust
related
$812,177 · Investorsbank
—
—
Richard W Star
—
Deed Of Trust
related
$1,462,000 · Investorsbank
—
—
Richard W Star
—
Deed Of Trust
related
$240,000 · Investorsbank
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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