Property profile

1617 Racine Ave Waukesha, WI 53186

OFF-MARKET
Banks
Property ID
US92-1279938
5,081 SF 2.37 ac lot Built 1983
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1983
Total area 5,081 SF
Lot 2.37 ac (103,237 SF)
Zoning code B-4
APN WAKC1342269001
UPID US92-1279938

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

1617 Racine Ave Waukesha, WI 53186-6832
Waukesha metro Census 202400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$541k
Blend (final) Blend
$550k

Owner & transaction history

since 2017
1 recorded transaction
2017
$1.3M

Zoning & alternative use

B-4 · Waukesha, WI
Zoning description

To provide for individual or small groups of buildings limited to office, professional, and special service uses where the office use would be compatible with other neighborhood uses and not exhibit the intense activity…

General category COMMERCIAL
Top alternative use upside
Restaurant $895,000 +56.5%
Medical building $840,000 +47.1%
Auto repair, garage $725,000 +27.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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