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Property profile & analytics
OFF-MARKET
Estimated value
$7,230,000
Apartment buildings
147th Northpoint Dr Menomonee Falls, WI 53051-4322
Individually Owned
25-yr Hold
Free & Clear
Property ID
US92-1164105
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Total area
71,247 SF
Lot
4.41 ac (192,317 SF)
Zoning code
B
APN
MNFV0053002
UPID
US92-1164105
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
by Request
Blend (final)
Blend
$7.23M
Owner & transaction history
Erich K Rutsch · 25 yrs held
Erich K Rutsch
since 2001
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, 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 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
APARTMENT HOUSE (5+ UNITS)
$10,310,000
Current use
RETAIL STORES
$9,065,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,825,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,520,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.23M
Range $6.51M – $7.95M · ±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
$101 / 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
$75,701
Tax year 2023
Assessed value
$6,787,400
Assessed 2023
Previous assessed
$3,994,300
+69.9% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,628,000
Assessed improvement
$5,159,400
Total market value
$6,958,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
2
Units
8
Total area
71,247 SF
Lot
4.41 ac (192,317 SF)
Zoning code
B
APN
MNFV0053002
UPID
US92-1164105
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WIZoning 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.3M
RETAIL STORES
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1975
Heating
NONE
Buildings
2
Units
8
Lot
4.41 ac
Current owner
From public records · entity-resolved
Erich K Rutsch
Individual
Free & Clear · 25 yrs held
Mailing address
PO BOX 99, MENOMONEE FALLS, WI 53052-0099
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
63 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
—
Market Square Associates Ph I LLP
—
Deed
related
$500,000 · Westbury Bank
Oct 1, 2019
—
Market Square Associates Phase I Ll
—
Deed
related
$2,315,000 · Westbury Bank
Mar 7, 2001
$105,000
Erich K Rutsch
Moulton,randal & Catherine S
Grant Deed
—
Dec 27, 2000
$114,000
Brian J Schuster
Krueger,david J
Grant Deed
$91,200 · America's Wholesale Lender
Dec 8, 2000
$108,200
Donald L Gibbs
Mahnke,jack A
Grant Deed
—
Oct 27, 2000
$108,500
Scott T Dall
Eisen,john K & Darlene J
Grant Deed
$92,225 · M & I Bank Menomonee Falls
Oct 19, 2000
$106,000
David R Schneider
Mcdonald,mark & Rachel A
Grant Deed
$84,800 · Assured Mortgage Corp
Sep 14, 2000
$92,000
Marie A Mirenda
Hartenstein,susan L
Grant Deed
$87,400 · State Central Cu
Aug 17, 2000
$96,900
Ronald P Stankowski
Hovila,norman & Minerva K
Grant Deed
$97,818 · M & I Marshall & Isley Bank
Jun 2, 2000
$110,000
Ronald L Gatley
Falvey,patrick D & Suzanne M
Grant Deed
$95,000 · Central States Mortgage
May 18, 2000
$103,500
Tammy Burdick
Anderson,julie A
Grant Deed
$95,000 · Landmark Cu
May 11, 2000
$108,000
Linda A Rocke
Jorgensen,garth K & Michelle
Grant Deed
—
Feb 16, 2000
$102,000
Carey J Dentice
Andresek,james A
Grant Deed
$65,000 · Landmark Cu
Jan 13, 2000
$113,800
Sue A Krolnik
Linehan,timothy R & Mary R
Grant Deed
$85,000 · Prime Lending INC
Nov 30, 1999
$89,500
Jean K Harden
Schreck,christopher & Tina M
Grant Deed
$64,500 · Universal Mortgage
Nov 19, 1999
$116,000
Rochelle A Hovila
Zirbel,beverly A
Grant Deed
$73,000 · Landmark Cu
Oct 8, 1999
$91,500
Marlene N Arndt
Zimmer,elaine W
Grant Deed
$82,350 · Priority Mortgage INC
Oct 6, 1999
$110,000
Robert N Dedecker
Greb,kathleen M
Grant Deed
$99,000 · Wauwatosa Savings Bank
Aug 24, 1999
$95,000
Joseph R Fritz
Hanley,elizabeth A
Grant Deed
$76,000 · Ameri-star Mortgage Co
Jul 12, 1999
$111,900
Alice M Kemnitz
Dangelo,michael T & Frances
Grant Deed
$80,000 · Ctx Mortgage Co
Jul 6, 1999
$106,500
Janice M Featherston
Dillon,mary C
Grant Deed
$100,000 · M & I Marshall & Isley Bank
Jun 8, 1999
$89,000
Jeffrey L Kane
Tarantino,maribeth
Grant Deed
$71,200 · Cmlc Funding INC
May 11, 1999
$93,500
Patricia Begalke-proell
Reiser,judy
Grant Deed
$74,800 · North Shore Bank Fsb
Apr 20, 1999
$105,900
Gayle C Schmidt
Spencer,martin F
Grant Deed
$95,300 · Hartford Savings Bank
Jan 20, 1999
$92,000
Jonathan A Weske
Brunner,corrie J
Grant Deed
$87,400 · Assured Mortgage Corp
Dec 15, 1998
$90,000
John M Klaver
Cababa,ernesto
Grant Deed
—
Oct 23, 1998
$87,000
Julie A Anderson
Schmies,jeanette G
Grant Deed
—
Oct 23, 1998
$92,000
George D Dekoning
Leidig,alan R
Grant Deed
$68,000 · Priority Mortgage INC
May 15, 1998
$86,500
Janne Andresek
Gamroth,dorothy L
Grant Deed
$62,000 · M & I First National Bank
—
—
John F Meier
—
Deed Of Trust
related
$62,800 · M & I Bank Menomonee Falls
—
—
Diane M Stewart
—
Deed Of Trust
related
$43,500 · State Center Cu
—
—
Mary L Brunner
—
Deed Of Trust
related
$10,200 · Bank One NA
—
—
Jeffrey L Kane
—
Deed Of Trust
related
$84,800 · C M L C Funding INC
—
—
Gayle C Schmidt
—
Deed Of Trust
related
$6,000 · St Francis Bank Fsb
—
—
Joseph R Fritz
—
Deed Of Trust
related
$10,000 · Associated Bank
—
—
George D Degoning
—
Deed Of Trust
related
$18,000 · National City Bank
—
—
George T Walsh JR.
—
Deed Of Trust
related
$80,000 · Tri City National Bank
—
—
Todd Ahal
—
Deed Of Trust
related
$9,500 · M & I Lake Country Bank
—
—
Donald J Parmentier
—
Deed Of Trust
related
$9,000 · Associated Bank Milwaukee
—
—
Donald J Parmentier
—
Deed Of Trust
related
$80,885 · Associated Bank Milwaukee
—
—
Elaine W Zimmer
—
Deed Of Trust
related
$35,000 · M & I Bank Menomonee Falls
—
—
Danny K Benson
—
Deed Of Trust
related
$8,851 · Guardian Cu
—
—
Daniel J Krueger
—
Deed Of Trust
related
$60,000 · Associated Bank Milwaukee
—
—
Mary L Brunner
—
Deed Of Trust
related
$81,600 · First Franklin Financial Corp
—
—
Dennis J Stephens
—
Deed Of Trust
related
$99,000 · Option One Mortgage Corp
—
—
Gregory Rossebo
—
Deed Of Trust
related
$15,000 · St Francis Bank Fsb
—
—
Daniel D Johnson
—
Deed Of Trust
related
$57,100 · M & I Bank Menomonee Falls
—
—
Jason D Searl
—
Deed Of Trust
related
$15,000 · Countrywide Home Loans INC
—
—
Julie A Anderson
—
Deed Of Trust
related
$71,200 · M & I Northern Bank
—
—
Julie A Anderson
—
Deed Of Trust
related
$5,000 · M & I Northern Bank
—
—
David R Mallek
—
Deed Of Trust
related
$75,000 · Firstar Bank
—
—
David J Krueger
—
Deed Of Trust
related
$15,000 · Firstar Bank
—
—
Danny K Benson
—
Deed Of Trust
related
$11,077 · Guardian Cu
—
—
Jason D Searl
—
Deed Of Trust
related
$76,500 · Southeast Wisconsin Mortgage
—
—
Mary C Dillon
—
Deed Of Trust
related
$79,500 · Chase Manhattan Mortgage Corp
—
—
Joshua R Kerslake
—
Deed Of Trust
related
$12,000 · Guardian Cu
—
—
Jason D Searl
—
Deed Of Trust
related
$15,300 · Southeast Wisconsin Mortgage
—
—
Kathleen L Lapinski
—
Deed Of Trust
related
$25,000 · Associated Bank
—
—
Sheila A Rick
—
Deed Of Trust
related
$45,300 · Universal Mortgage
—
—
Nancy Laguna
—
Deed Of Trust
related
$7,000 · Educators Cu Wi
—
—
Sharon G Redford
—
Deed Of Trust
related
$50,000 · St Francis Bank Fsb
—
—
David J Krueger
—
Deed Of Trust
related
$10,000 · Firstar Bank
—
—
Donald J Parmentier
—
Deed Of Trust
related
$10,000 · 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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