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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Flex space
1515 Paramount Dr Waukesha, WI 53186-3944
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0223155
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Total area
12,012 SF
Lot
1.02 ac (44,431 SF)
Zoning code
M-3
APN
WAKC1007027
UPID
US92-0223155
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
-
Metallurgical Associates Inc Engineering Consultant Engineer
-
Raymond P Lauer Youth & Family Social Service Agency Charitable Organization
-
Future Martial Arts Training Center Sports School
-
Fit 262 Gym & Fitness Center
-
Cloud 9 cycling studio Cycling Facility Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$620k
Owner & transaction history
Ftw Legacy Prop Mgmt LLC · 7 yrs held
Ftw Legacy Prop Mgmt LLC
since 2019
4 recorded transactions
Zoning & alternative use
M-3 · Waukesha, 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 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
$595,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$52 / 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
$15,020
Tax year 2023
Assessed value
$990,500
Assessed 2023
Previous assessed
$895,000
+10.7% YoY
Effective rate
1.52%
On assessed value
Assessed land
$240,400
Assessed improvement
$750,100
Total market value
$1,025,468
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
12,012 SF
Lot
1.02 ac (44,431 SF)
Zoning code
M-3
APN
WAKC1007027
UPID
US92-0223155
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WI
Zoning M-3 · permitted uses
M-3 · 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.
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ftw Legacy Prop Mgmt LLC
Entity
Mailing address
1515 PARAMOUNT DR STE #1, WAUKESHA, WI 53186-3944
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
Ftw Legacy Property Management LLC
—
Deed
related
$670,000 · Landmark Cu
Apr 17, 2019
$895,000
Ftw Legacy Prop Mgmt LLC
Paramount Sf LLC
Warranty Deed
$671,250 · Bank Of The West
Feb 13, 2006
—
Paramount Sf LLC
Schubert,thomas E
Warranty Deed
—
Nov 12, 1999
$565,000
Thomas E Schubert
Raab Trust
Grant Deed
$690,000 · M & I Lake Country 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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