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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Apartment buildings
164th Ml St Menomonee Falls, WI 53051-2830
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0835023
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
9,700 SF
Lot
0.46 ac (19,994 SF)
Zoning code
B
APN
MNFV0011300
UPID
US92-0835023
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
$3.21M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Home Path Financial LP · 3 yrs held
Home Path Financial LP
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+88.6%
Office building
$2.0M
+40.2%
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 Menomonee Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menomonee Falls 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
$3,145,000
ML approach
$3,210,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
RESTAURANT
$2,645,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,970,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.50M (Aug 25 2022)
Last sale anchor
$2.50M
Aug 25 2022
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
$247 / 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
$8,110
Tax year 2023
Assessed value
$732,100
Assessed 2023
Previous assessed
$461,200
+58.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$194,900
Assessed improvement
$537,200
Total market value
$750,500
Applied tax rate
24.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Heating
NONE
Units
8
Total area
9,700 SF
Lot
0.46 ac (19,994 SF)
Zoning code
B
APN
MNFV0011300
UPID
US92-0835023
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WIZoning B · permitted uses
B · Menomonee Falls, WI
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
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
OFFICE BUILDING
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
1958
Heating
NONE
Units
8
Lot
0.46 ac
Current owner
From public records · entity-resolved
Home Path Financial LP
Entity
Mailing address
164TH ML ST, MENOMONEE FALLS, WI 53051-2876
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Home Path Financial LP
—
Deed
related
$45,955
Apr 14, 2026
—
Home Path Financial LP
—
Deed
related
$40,000
Feb 25, 2026
—
Home Path Financial LP
—
Deed
related
$50,000 · Bonita M Jackson
May 13, 2025
—
Home Path Financial LP
—
Deed
related
$118,000 · Patty Bond
Apr 24, 2025
—
Home Path Financial LP
—
Deed
related
$33,174 · Trevor A Munkvold
Apr 18, 2025
—
Home Path Financial LP
—
Deed
related
$25,000 · Bob L Mabry
Mar 28, 2025
—
Home Path Financial LP
—
Deed
related
$30,000 · Stacy Ruth Inherited Ira
Feb 18, 2025
—
Home Path Financial LP
—
Deed
related
$244,982 · Lucia R Deleon Ira
Apr 11, 2024
—
Home Path Financial LP
—
Deed
related
$40,000 · Directed Trust Co Ttee
Nov 7, 2023
—
Home Path Financial LP
—
Deed
related
$25,000 · Leslie A Lage
Oct 9, 2023
—
Home Path Financial LP
—
Deed
related
$105,000 · Patty Bond
Oct 5, 2023
—
Home Path Financial LP
—
Deed
related
$50,000 · Walter Biggs
Sep 14, 2023
—
Home Path Financial LP
—
Deed
related
$83,000 · Tommy D Thames JR
Jul 3, 2023
—
Home Path Financial LP
—
Deed
related
$56,239 · Directed Trust Co Ttee
Mar 31, 2023
—
Home Path Financial LP
—
Deed
related
$25,000 · Leslie A Lage
Feb 2, 2023
—
Home Path Financial LP
—
Deed
related
$150,000 · Merry C Rorie
Jan 11, 2023
—
Home Path Financial LP
—
Deed
related
$64,000 · Louann Fisher
Dec 29, 2022
—
Home Path Financial LP
—
Deed
related
$41,184 · Directed Trust Co Ttee
Dec 28, 2022
—
Home Path Financial LP
—
Deed
related
$50,000 · Gregorio Acosta
Dec 5, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Martha L Boutwell
Nov 18, 2022
—
Home Path Financial LP
—
Deed
related
$116,718 · Belinda G Schroeder
Oct 28, 2022
—
Home Path Financial LP
—
Deed
related
$110,000 · William C Tucker
Oct 3, 2022
—
Home Path Financial LP
—
Deed
related
$160,500 · Digital Trust Co
Aug 25, 2022
$2,500,000
Home Path Financial LP
Jbb Entities INC
Warranty Deed
$1,702,500 · Velocity Commercial Capital
—
—
Jbb Entities INC
—
Deed Of Trust
related
$850,000 · Wauwatosa Savings Bank
—
—
Jerome B Bence
—
Deed Of Trust
related
$1,000,000 · Cheryl M Bence
—
—
Bence,jerome B|jbb Entitites INC
—
Deed Of Trust
related
$65,000 · Bruce M Peckerman
—
—
Bence,jerome B|jbb Entities INC
—
Deed Of Trust
related
$65,000 · Bruce M Peckerman
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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