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Property profile & analytics
OFF-MARKET
Estimated value
$3,770,000
Commercial real estate
16450 Rogers Dr New Berlin, WI 53151-2222
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US92-0782636
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
30,382 SF
Lot
9.17 ac (399,445 SF)
Zoning code
M2
APN
NBC 1163999
UPID
US92-0782636
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$3.77M
Owner & transaction history
Rogers Drive LP · 26 yrs held
Rogers Drive LP
since 2000
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
M2 · New Berlin, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+5.8%
Warehouse, storage
$3.7M
+1.1%
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 New Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Berlin 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
COMMERCIAL (GENERAL)
$3,655,000
Current use
RETAIL STORES
$3,865,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$3,695,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,635,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±10% · vs last sale $4.10M (May 29 2025)
Last sale anchor
$4.10M
May 29 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
$124 / 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
$32,635
Tax year 2023
Assessed value
$2,159,100
Assessed 2023
Previous assessed
$2,159,100
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$769,400
Assessed improvement
$1,389,700
Total market value
$2,500,100
Applied tax rate
3,925.0000
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
1979
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Total area
30,382 SF
Lot
9.17 ac (399,445 SF)
Zoning code
M2
APN
NBC 1163999
UPID
US92-0782636
Jurisdiction
WAUKESHA
Zoning & alternative use
M2 · New Berlin, WI
Zoning M2 · permitted uses
M2 · New Berlin, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1979
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Lot
9.17 ac
Current owner
From public records · entity-resolved
Rogers Drive LP
Entity
Mailing address
PO BOX 128, BROWNSVILLE, WI 53006-0128
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2000
—
Rogers Drive LP
—
Grant Deed
related
$1,000,000 · American Bank
Feb 15, 2000
—
Rogers Drive LP
Michels,ruth L
Quit Claim Deed
related
$500,000 · Seller
Dec 23, 1998
—
Administration Trust
M K M
Grant Deed
related
—
—
—
Rogers Drive Ltdp
—
Deed Of Trust
related
$575,000 · American Bank
—
—
Ruth L Michels
—
Deed Of Trust
related
$500,000 · American 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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