Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Apartment buildings
164th Ml St Menomonee Falls, WI 53051-2876
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0775012
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1993
Total area
9,638 SF
Lot
0.33 ac (14,418 SF)
Zoning code
B
APN
MNFV0011299
UPID
US92-0775012
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
$3.19M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
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
$3,190,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,465,000
Alternative Use
Use
Estimation
RESTAURANT
$2,630,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$268 / 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
$5,350
Tax year 2023
Assessed value
$484,900
Assessed 2023
Previous assessed
$438,700
+10.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$140,600
Assessed improvement
$344,300
Total market value
$497,100
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
1993
Heating
NONE
Units
5
Total area
9,638 SF
Lot
0.33 ac (14,418 SF)
Zoning code
B
APN
MNFV0011299
UPID
US92-0775012
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
1993
Heating
NONE
Units
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
Home Path Financial LP
Entity
Mailing address
164TH ML ST, MENOMONEE FALLS, WI 53051-2876
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
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
—
Home Path Financial LP
—
Deed
related
$126,000
Mar 27, 2026
—
Home Path Financial LP
—
Deed
related
$136,755 · Joyce A Knode Ira
Nov 5, 2025
—
Home Path Financial LP
—
Deed
related
$106,000 · Joyce A Knode Ira
Sep 19, 2025
—
Home Path Financial LP
—
Deed
related
$215,000 · Karen R Beveridge Ira
Sep 16, 2025
—
Home Path Financial LP
—
Deed
related
$50,000 · Angela D Stone Etal
Jul 21, 2025
—
Home Path Financial LP
—
Deed
related
$150,000 · Directed Trust Company Fbo
Feb 12, 2025
—
Home Path Financial LP
—
Deed
related
$155,000 · Carol Sanders Ira
Jan 22, 2025
—
Home Path Financial LP
—
Deed
related
$51,199 · Nancy L Trilling Ira
Dec 6, 2024
—
Home Path Financial LP
—
Deed
related
$222,383 · Susan B Butler Kennedy Ira
Nov 27, 2024
—
Home Path Financial LP
—
Deed
related
$98,530 · Directed Trust Co Ttee
Aug 13, 2024
—
Home Path Financial LP
—
Deed
related
$300,000 · Phillip C Jerzak
May 14, 2024
—
Home Path Financial LP
—
Deed
related
$75,000 · Tammy D White Roth
Apr 25, 2024
—
Home Path Financial LP
—
Deed
related
$120,000 · Doreen K Holcomb
Feb 13, 2024
—
Home Path Financial LP
—
Deed
related
$80,000 · Directed Trust Co Ttee
Aug 15, 2023
—
Home Path Financial LP
—
Deed
related
$58,311 · Paul A Billings
Jul 31, 2023
—
Home Path Financial LP
—
Deed
related
$100,000 · Phillip C Jerzak
Jun 23, 2023
—
Home Path Financial LP
—
Deed
related
$30,000 · Digital Trust
Jun 16, 2023
—
Home Path Financial LP
—
Deed
related
$45,000 · Mildred M Gifford
May 1, 2023
—
Home Path Financial LP
—
Deed
related
$110,100 · Tammy D White
Mar 30, 2023
—
Home Path Financial LP
—
Deed
related
$36,000 · Digital Trust
Mar 3, 2023
—
Home Path Financial LP
—
Deed
related
$193,596 · Directed Trust Co
Feb 3, 2023
—
Home Path Financial LP
—
Deed
related
$30,047 · Gail Froemming
Jan 30, 2023
—
Home Path Financial LP
—
Deed
related
$177,137 · Directed Trust Co Ttee
Dec 29, 2022
—
Home Path Financial LP
—
Deed
related
$197,553 · Digital Trust Ttee
Dec 9, 2022
—
Home Path Financial LP
—
Deed
related
$125,000 · Rosie B Terrones
Dec 5, 2022
—
Home Path Financial LP
—
Deed
related
$100,100 · William J Vano
Nov 18, 2022
—
Home Path Financial LP
—
Deed
related
$43,000 · Deborah Copher
Nov 4, 2022
—
Home Path Financial LP
—
Deed
related
$205,000 · Ronald H Baer
Oct 31, 2022
—
Home Path Financial LP
—
Deed
related
$92,000 · Digital Trust Ttee
Oct 24, 2022
—
Home Path Financial LP
—
Deed
related
$152,000 · Sarah C Myers
Oct 17, 2022
—
Home Path Financial LP
—
Deed
related
$239,000 · Gary L Garthee
Sep 30, 2022
—
Home Path Financial LP
—
Deed
related
$200,000 · Directed Trust Co
Aug 31, 2022
—
Home Path Financial LP
—
Deed
related
$50,900 · Goldstar Trust Co
Aug 25, 2022
$2,500,000
Home Path Financial LP
Jbb Entities INC
Warranty Deed
$1,702,500 · Velocity Commercial Capital
—
—
Jerome B Bence
—
Deed Of Trust
related
$1,000,000 · Cheryl M Bence
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 164th Ml St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
