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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Showrooms
1616 Paramount Dr, Waukesha, WI 53186-3965
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0635980
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Total area
19,520 SF
Lot
1.65 ac (71,874 SF)
Zoning code
M-3
APN
WAKC1007016
UPID
US92-0635980
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
-
Nonn's Appliances Home Appliance Store Hardware & Home Improvement
-
Bay View Shade & Blind Inc (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.35M
Owner & transaction history
Schlueter Number 4 LLC · 5 yrs held
Schlueter Number 4 LLC
since 2021
Last sale
$1.4M
7 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
$2,415,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,900,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,715,000
Change: -6% · Conversion: Moderate
RETAIL STORES
$2,485,000
Change: -14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,335,000
Change: -20% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,325,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $1.42M (Jan 7 2021)
Last sale anchor
$1.42M
Jan 7 2021
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
$120 / 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
$21,534
Tax year 2023
Assessed value
$1,420,600
Assessed 2023
Previous assessed
$1,374,300
+3.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$350,900
Assessed improvement
$1,069,700
Total market value
$1,470,753
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,520 SF
Lot
1.65 ac (71,874 SF)
Zoning code
M-3
APN
WAKC1007016
UPID
US92-0635980
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Schlueter Number 4 LLC
Entity
Mailing address
7265 S 1ST ST, OAK CREEK, WI 53154-2007
Ownership since
2021
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
Mar 19, 2021
—
Schlueter Number 4 LLC
—
Deed
related
$1,050,000 · Town Bank
Jan 7, 2021
$1,423,500
Schlueter Number 4 LLC
Top Shelf Waukesha LLC
Warranty Deed
—
Dec 15, 2017
—
Top Shelf Waukesha LLC
—
Deed
related
$1,290,000 · The Park Bank
Apr 11, 2013
—
Top Shelf Waukesha LLC
Nonns Flooring INC
Quit Claim Deed
related
—
Oct 16, 2008
$1,350,000
Nonns Flooring INC
Macarthur Investments LLC
Warranty Deed
$1,215,000 · Dmb Community Bank
—
—
Nonns Flooring INC
—
Deed Of Trust
related
$781,300 · Dmb Community Bank
—
—
Macarthur Investment LLC
—
Deed Of Trust
related
$599,712 · Waukesha State Bank
—
—
Mac Arthur Investments LLC
—
Deed Of Trust
related
$38,222 · Waukesha State Bank
—
—
Mac Arthur Investments LLC
—
Deed Of Trust
related
$1,000,000 · Waukesha State Bank
—
—
Macarthur Investments LLC
—
Deed Of Trust
related
$600,000 · Waukesha State Bank
—
—
Top Shelf Waukesha LLC
—
Deed Of Trust
related
$1,829,509 · Dmb Community 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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