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Property profile & analytics
OFF-MARKET
Estimated value
$12,910,000
Commercial real estate
1640 Silver Spg Dr, Glendale, WI 53209-4420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0094990
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Total area
62,268 SF
Lot
3.18 ac (138,303 SF)
APN
168-9993-001
UPID
US92-0094990
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
$9.54M
CAP Approach
CAP
$11.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.91M
Owner & transaction history
U Properties Utg LLC · 1 yrs held
U Properties Utg LLC
since 2025
Last sale
$14.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.1M
+50.2%
Restaurant
$7.9M
+46.6%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
$15,645,000
ML approach
$9,535,000
CAP Approach
CAP Return
Estimation
6%
$12,330,000
6.5%
$11,380,000
7%
$10,570,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,115,000
Change: +50% · Conversion: Moderate
RESTAURANT
$7,920,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$12.91M
Range $11.62M – $14.20M · ±10% · vs last sale $14.00M (Feb 26 2025)
Last sale anchor
$14.00M
Feb 26 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
$207 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,957
Tax year 2022
Assessed value
$900,000
Assessed 2022
Previous assessed
$900,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$900,000
Total market value
$1,084,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1967
Heating
NONE
Total area
62,268 SF
Lot
3.18 ac (138,303 SF)
APN
168-9993-001
UPID
US92-0094990
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
RESTAURANT
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
NONE
Lot
3.18 ac
Current owner
From public records · entity-resolved
U Properties Utg LLC
Entity
Mailing address
1500 W SILVER SPG DR, GLENDALE, WI 53209-4419
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
$14,000,000
U Properties Utg LLC
Schlesinger Company LLC
Special Warranty Deed
$12,600,000 · Toyota Motor Credit Corp
Dec 7, 2011
—
A Schlesinger Co LLC
—
Deed Of Trust
related
$2,945,823 · Melvin S Schlesinger
Jul 12, 2006
$855,400
A Schlesinger Co LLC
Schlesinger Co
Warranty Deed
$5,404,932 · Schlesinger Co LP
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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