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Property profile & analytics
OFF-MARKET
Estimated value
$11,675,000
Hospitals
1625 Coldwater Crk Dr Waukesha, WI 53188-8028
Individually Owned
4-yr Hold
Free & Clear
Property ID
US92-1321677
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2008
Total area
46,036 SF
Lot
10.63 ac (462,956 SF)
Zoning code
I-1
APN
WAKC0985300
UPID
US92-1321677
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
-
Colleen M. Correa Physician
-
Kohli Alka MD Physician Medical Clinic
-
Harry Hostetler Physician
-
Tammie A. Wolfe, APNP Physician
-
ANA PERELMAN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.28M
Blend (final)
Blend
$11.68M
Owner & transaction history
Prohealth Waukesha Memorial Hospita · 4 yrs held
Prohealth Waukesha Memorial Hospita
since 2021
1 recorded transaction
Zoning & alternative use
I-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To eliminate the ambiguity of maintaining, in unrelated use districts, areas which are under public or public related ownership and where the use for public purpose is anticipated to be permanent
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
1,188.14 ac
Source
Realmo
Top alternative use upside
Office building
$9.3M
+21.7%
Commercial (general)
$7.8M
+2.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,605,000
Current use
OFFICE BUILDING
$9,255,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,795,000
Change: +2% · Conversion: Easy
RESTAURANT
$7,410,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$11.68M
Range $10.51M – $12.84M · ±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
$254 / 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
$176,294
Tax year 2023
Assessed value
$11,634,900
Assessed 2023
Previous assessed
$12,804,800
-9.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,620,300
Assessed improvement
$10,014,600
Total market value
$12,045,657
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
46,036 SF
Lot
10.63 ac (462,956 SF)
Zoning code
I-1
APN
WAKC0985300
UPID
US92-1321677
Jurisdiction
WAUKESHA
Zoning & alternative use
I-1 · Waukesha, WIZoning I-1 · permitted uses
I-1 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To eliminate the ambiguity of maintaining, in unrelated use districts, areas which are under public or public related ownership and where the use for public purpose is anticipated to be permanent
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
1,188.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.6M
OFFICE BUILDING
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RESTAURANT
Est. value
$7.4M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.63 ac
Current owner
From public records · entity-resolved
Prohealth Waukesha Memorial Hospita
Individual
Free & Clear · 4 yrs held
Mailing address
1400 METCALF AVE, OVERLAND PARK, KS 66223
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$28,000,000
Prohealth Waukesha Memorial Hospita
Nationwide Health Properties LLC
Quit Claim Deed
related
—
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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