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Property profile & analytics
FOR LEASE
Warehouses
1505 Arcadian Ave Waukesha, WI 53186
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-1255919
For Lease
1 / 3
$1,430,000
1505 Arcadian Ave, Waukesha, WI 53186
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
14,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M-1
APN
WAKC1301334001
UPID
US92-1255919
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
-
First Student Charter Bus Rental Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.43M
Owner & transaction history
Kvg 674 LLC · 2 yrs held
Kvg 674 LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
M-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+24.6%
Apartment house (5+ units)
$1.9M
+16.6%
Retail stores
$1.8M
+6.7%
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
$1,430,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,670,000
Current use
COMMERCIAL (GENERAL)
$2,080,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,945,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,780,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,675,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.43M (Jan 26 2024)
Last sale anchor
$1.43M
Jan 26 2024
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
$15,149
Tax year 2023
Assessed value
$999,000
Assessed 2023
Previous assessed
$934,000
+7.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$346,100
Assessed improvement
$652,900
Total market value
$1,034,269
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
For Lease
Year built
1999
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
14,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M-1
APN
WAKC1301334001
UPID
US92-1255919
Jurisdiction
WAUKESHA
Zoning & alternative use
M-1 · Waukesha, WI
Zoning M-1 · permitted uses
M-1 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Kvg 674 LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$1,430,000
Kvg 674 LLC
Fjf Investments I LLC
Special Warranty Deed
$930,000 · Citizens Bank
Sep 27, 2010
$880,000
Fjf Investments I LLC
Kropp Albert Trust
Grant Deed
$440,000 · Community Bank & Trust Co
Mar 12, 2008
—
Kropp Albert Trust
Kropp,albert
Quit Claim Deed
—
Apr 4, 2007
$890,000
Albert Kropp Of Wisconsin LLC
Kk Vision LLC
Warranty Deed
$712,000 · Midamerica Bank Fsb
Jul 20, 2005
$25,750
Kk Vision LLC
Kothrade,dean A
Warranty Deed
—
Jul 19, 2004
—
Sak Investments LLC
Kothrade,dale W
Warranty Deed
related
—
Dec 1, 1999
—
Dean A Kothrade
—
Grant Deed
related
$21,000 · Tri City National Bank
Mar 16, 1999
—
Dean A Kothrade
—
Grant Deed
related
$512,000 · Tri City National Bank
Aug 26, 1998
$145,000
Dean A Kothrade
Sitework INC
Grant Deed
—
—
—
Busn Dev Finance Cor Wisconsin
—
Deed Of Trust
related
$440,000 · Us Small Business Admn
—
—
Fjf Investments I LLC
—
Deed Of Trust
related
$705,000 · First Busn Bk/milwaukee
—
—
Fjf Investments I LLC
—
Deed Of Trust
related
$57,619 · First Busn Bk/milwaukee
—
—
Kropp Albert Trust
—
Deed Of Trust
related
$706,000 · Standard Bank & Trust
—
—
Dean A Kothrade
—
Deed Of Trust
related
$200,000 · Waukesha County Economin Devel
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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