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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
1532 David Ln Waukesha, WI 53189-7136
Individually Owned
~
Est. High Equity
Property ID
US92-0193398
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
3,949 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM-2 (PUD)
APN
WAKC1358065
UPID
US92-0193398
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
$380k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$505k
Owner & transaction history
Abbas Mohammadi
Abbas Mohammadi
since 2025
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
RM-2 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 17.4 dwelling units per net acre for efficiency apartments, 14.5 dwelling units per net acre for one bedroom apartments, 12.4 dwelling units per net acre for two bedroom apartments, 10.9 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units per net…
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
684.93 ac
Source
Realmo
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
$380,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $560k (Dec 15 2025)
Last sale anchor
$560k
Dec 15 2025
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
$128 / 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
$5,635
Tax year 2023
Assessed value
$373,600
Assessed 2023
Previous assessed
$355,800
+5.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$81,000
Assessed improvement
$292,600
Total market value
$386,790
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
1977
Heating
BASEBOARD
Cooling
NONE
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,949 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM-2 (PUD)
APN
WAKC1358065
UPID
US92-0193398
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-2 (PUD) · Waukesha, WIZoning RM-2 (PUD) · permitted uses
RM-2 (PUD) · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 17.4 dwelling units per net acre for efficiency apartments, 14.5 dwelling units per net acre for one bedroom apartments, 12.4 dwelling units per net acre for two bedroom apartments, 10.9 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units per net acre for two family units and 5.5 dwelling units per net acre for single family dwellings, The PUD Overlay District is intended to permit development that will, over a period of time, be enhanced by coordinated area site planning, diversified location of structures, diversified building heights and types, or mixing of compatible uses
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
684.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Rooms
16
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Abbas Mohammadi
Individual
Mailing address
29TH FOXWOOD DR, PEWAUKEE, WI 53072-4291
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Mgv Rentals LLC
—
Deed
related
$564,000 · Tri City National Bank
Dec 15, 2025
$560,000
Abbas Mohammadi
Mgv Rentals LLC
Warranty Deed
$446,400 · Educators Cu
Dec 9, 2022
—
Mgv Rentals LLC
—
Deed
related
$125,000 · Tri City National Bank
May 10, 2021
—
Mgv Rentals LLC
—
Deed
related
$470,000 · Tri City National Bank
Jan 24, 2020
—
Mgv Rentals LLC
—
Deed
related
$400,000 · Tri Cty Nat'l Bk
Dec 4, 2018
—
Mgv Rentals LLC
Mahmoud Ghasemi Vaghar
Quit Claim Deed
related
$214,000 · Tri City National Bank
Jul 7, 2016
$270,000
Mahmoud G Vaghar
Alvand LLC
Warranty Deed
—
Apr 20, 2007
—
Alvand LLC
Darakhani,ali
Warranty Deed
—
Apr 18, 2007
—
Ali Darakhani
Alvand LLC
Warranty Deed
$241,500 · Washington Mutual Bank Fa
Jul 6, 1999
$239,500
Al Darakhani
Fittshur Trust
Grant Deed
$168,000 · Paragon Home Lending LLC
—
—
Mgv Rentals LLC
—
Deed Of Trust
related
$400,000 · Tri Cty Nat'l Bk
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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