Technical
Financial
Distress signals
Property profile

1501 Paramount Dr Waukesha, WI 53186

OFF-MARKET
Flex space
Property ID
US92-3334494
29,900 SF 2.48 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1997
Total area 29,900 SF
Lot 2.48 ac (108,029 SF)
Zoning code MM-1
APN WAKC1007028
UPID US92-3334494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Hardware & Home Improvement Home Appliance Store
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

1501 Paramount Dr Waukesha, WI 53186-3966
Waukesha metro Census 202902 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.17M
Blend (final) Blend
$3.83M

Owner & transaction history

since 2022
Last sale
$3.4M
7 recorded transactions
2025
Price N/A
2024
Price N/A
2022
$3.4M
2020
$2.4M
2013
$1.2M
2011
Price N/A
2004
$81,900

Zoning & alternative use

MM-1 · Waukesha, WI
Zoning description

The MM-1 Mixed Use Manufacturing District is hereby created, the purpose of the MM-1 district is to provide for a variety of light industrial and manufacturing uses, also incorporating retail, service, and commercial use…

General category MIXED_USE
Top alternative use upside
Commercial (general) $4.4M +24.3%
Apartment house (5+ units) $4.2M +16.3%
Retail stores $3.8M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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