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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Apartment buildings
164th Ml St Menomonee Falls, WI 53051-2830
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1197759
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Total area
4,350 SF
Lot
0.2 ac (8,843 SF)
Zoning code
B
APN
MNFV0011300001
UPID
US92-1197759
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
$715k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$690k
Owner & transaction history
Home Path Financial LP · 4 yrs held
Home Path Financial LP
since 2022
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+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
$660,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$630,000
Current use
OFFICE BUILDING
$880,000
Change: +40% · Conversion: Moderate
RETAIL STORES
$555,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $525k (Jul 26 2022)
Last sale anchor
$525k
Jul 26 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
$159 / 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
$4,477
Tax year 2023
Assessed value
$346,100
Assessed 2023
Previous assessed
$217,000
+59.5% YoY
Effective rate
1.29%
On assessed value
Assessed land
$86,000
Assessed improvement
$260,100
Total market value
$354,800
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
1956
Heating
NONE
Units
4
Total area
4,350 SF
Lot
0.2 ac (8,843 SF)
Zoning code
B
APN
MNFV0011300001
UPID
US92-1197759
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$630,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
1956
Heating
NONE
Units
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Home Path Financial LP
Entity
Mailing address
5116 N 126TH ST, BUTLER, WI 53007-1306
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Home Path Financial LP
—
Deed
related
$39,403
Apr 6, 2026
—
Home Path Financial LP
—
Deed
related
$200,000
Dec 29, 2025
—
Home Path Financial LP
—
Deed
related
$125,000 · Steven R Norris Ira
Jul 30, 2025
—
Home Path Financial LP
—
Deed
related
$100,000 · Sherry V Uptegraft Ira
Apr 9, 2024
—
Home Path Financial LP
—
Deed
related
$34,297 · Gloria Ann West
Oct 17, 2023
—
Home Path Financial LP
—
Deed
related
$100,000 · Sherry Uptegraft
Jan 9, 2023
—
Home Path Financial LP
—
Deed
related
$76,236 · Barry Cole
Jan 3, 2023
—
Home Path Financial LP
—
Deed
related
$32,000 · Geni D Clayton
Dec 9, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Geni D Clayton
Nov 22, 2022
—
Home Path Financial LP
—
Deed
related
$170,000 · Lowell D Craig
Nov 18, 2022
—
Home Path Financial LP
—
Deed
related
$97,500 · Barbara K Reeves
Nov 8, 2022
—
Home Path Financial LP
—
Deed
related
$30,000 · Gloria Ann West
Nov 4, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Bonnie Martin
Nov 2, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Randolph Garner
Oct 17, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Tony K Tennant
Sep 30, 2022
—
Home Path Financial LP
—
Deed
related
$37,500 · Patricia A Meier
Sep 23, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Earlene M Larson
Sep 15, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Ryan B Uptegraft
Jul 26, 2022
$525,000
Home Path Financial LP
Brian J Berg
Warranty Deed
$65,000 · Robert Sogge
Jul 23, 2004
$295,000
Brian J Berg
Anderson,leland W & Sheila
Warranty Deed
$50,000 · Us Bank NA
Aug 25, 2000
$195,000
Leland W Anderson
Arnold,henry J & Lou A
Grant Deed
$156,000 · Firstar Bank
—
—
Leland W Anderson
—
Deed Of Trust
related
$165,000 · Wells Fargo Home Mortgage INC
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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