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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Warehouses
169th Ridgewood Dr Menomonee Falls, WI 53051-5659
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1098247
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
42,225 SF
Lot
5.28 ac (230,040 SF)
Zoning code
C
APN
MNFV0107996002
UPID
US92-1098247
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
$4.31M
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.69M
Owner & transaction history
Depot One Partners LLC · 3 yrs held
Depot One Partners LLC
since 2022
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
C · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.1M
+74.1%
Retail stores
$5.4M
+53.1%
Commercial (general)
$5.2M
+49.0%
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
$4,380,000
ML approach
$4,310,000
CAP Approach
CAP Return
Estimation
6%
$3,110,000
6.5%
$2,870,000
7%
$2,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,510,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,110,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$5,375,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,230,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,050,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $3.48M (Nov 1 2022)
Last sale anchor
$3.48M
Nov 1 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
$87 / 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
$30,583
Tax year 2023
Assessed value
$2,759,200
Assessed 2023
Previous assessed
$2,269,500
+21.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$862,700
Assessed improvement
$1,896,500
Total market value
$2,828,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Total area
42,225 SF
Lot
5.28 ac (230,040 SF)
Zoning code
C
APN
MNFV0107996002
UPID
US92-1098247
Jurisdiction
WAUKESHA
Zoning & alternative use
C · Menomonee Falls, WI
Zoning C · permitted uses
C · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menomonee Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Lot
5.28 ac
Current owner
From public records · entity-resolved
Depot One Partners LLC
Entity
Mailing address
780 ELM GRV RD #120, ELM GROVE, WI 53122-2516
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$3,483,700
Depot One Partners LLC
Kohls INC
Special Warranty Deed
$3,000,000 · Horicon State Bank
Jun 20, 2014
$2,351,200
Kohls Department Stores INC
Ultra Jv LLP
Warranty Deed
—
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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