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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Strip malls
1560 Moreland Blvd Waukesha, WI 53186-3913
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0223170
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
21,291 SF
Lot
1.61 ac (70,132 SF)
Zoning code
B-5
APN
WAKC1006985
UPID
US92-0223170
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
-
5X2 Nail Studio Nail Salon
-
Tans Store Nail Salon
-
Neptune Society Social Service Agency
-
Pharm To Farm Market (Bike/Boat/Book/etc) Store
-
Ria Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
Lithia Real Estate INC · 2 yrs held
Lithia Real Estate INC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
B-5 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations along principle highway routes and through highways of those businesses and customer services which are logically related and dependent upon highway traffic or which are specifically designated to serve the needs of such traffic
Zone name
Community Business
General category
COMMERCIAL
Zone area
514.87 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.7M
+104.0%
Medical building
$3.5M
+91.7%
Auto repair, garage
$3.0M
+65.6%
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
$2,905,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,835,000
Current use
RESTAURANT
$3,745,000
Change: +104% · Conversion: Difficult
MEDICAL BUILDING
$3,520,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,040,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,670,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,390,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$2,025,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,945,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $2.50M (Oct 9 2023)
Last sale anchor
$2.50M
Oct 9 2023
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
$25,361
Tax year 2023
Assessed value
$1,673,300
Assessed 2023
Previous assessed
$1,360,700
+23.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$736,400
Assessed improvement
$936,900
Total market value
$1,732,374
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
21,291 SF
Lot
1.61 ac (70,132 SF)
Zoning code
B-5
APN
WAKC1006985
UPID
US92-0223170
Jurisdiction
WAUKESHA
Zoning & alternative use
B-5 · Waukesha, WIZoning B-5 · permitted uses
B-5 · 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 the orderly and attractive grouping at appropriate locations along principle highway routes and through highways of those businesses and customer services which are logically related and dependent upon highway traffic or which are specifically designated to serve the needs of such traffic
Zone name
Community Business
General category
COMMERCIAL
Zone area
514.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Ownership since
2023
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
Oct 9, 2023
$2,500,000
Lithia Real Estate INC
Ljs Commercial Properties LLC
Warranty Deed
—
Sep 22, 2020
—
Ljs Commercial Properties LLC
—
Deed
related
$300,000 · Educators Cu
May 14, 2020
—
Ljs Commercial Properties LLC
—
Deed
related
$540,295 · Educators Cu
Jul 20, 2018
—
Ljs Commercial Properties LLC
—
Deed
related
$600,000 · Educators Cu
May 21, 2012
$925,000
Ljs Commercial Properties LLC
Associated Bk
Grant Deed
$740,000 · Pyramax Bank
Sep 28, 2010
$1,266,000
Associated Bk
Sheriff Of Waukesha County
Trustees Deed
related
—
Aug 11, 2005
—
Djc Group 1 LLC
Church,david J & Kristin G
Warranty Deed
$1,480,000 · Associated Bank
May 26, 2000
$1,395,000
David J Church
J B Moreland Corp
Grant Deed
$1,116,000 · First Fsb La Crosse Madison
—
—
Ljs Commercial Properties LLC
—
Deed Of Trust
related
$300,000 · Educators Cu
—
—
Ljs Commercial Properties LLC
—
Deed Of Trust
related
$540,295 · Educators Cu
—
—
Ljs Commercial Properties LLC
—
Deed Of Trust
related
$600,000 · Educators Cu
—
—
Ljs Commercial Properties LLC
—
Deed Of Trust
related
$300,000 · Educators Cu
—
—
Ljs Commercial Properties LLC
—
Deed Of Trust
related
$540,295 · Educators Cu
—
—
David J Church
—
Deed Of Trust
related
$250,000 · K&r Investments
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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