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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Apartment buildings
1700 Elder St Waukesha, WI 53188-3234
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0883520
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
12,266 SF
Lot
0.68 ac (29,621 SF)
Zoning code
RM-2 (PUD)
APN
WAKC0996973
UPID
US92-0883520
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
$1.91M
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Home Path Financial Limited Partner · 5 yrs held
Home Path Financial Limited Partner
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
RM-2 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 17.4 dwelling units per net acre for efficiency apartments, 14.5 dwelling units per net acre for one bedroom apartments, 12.4 dwelling units per net acre for two bedroom apartments, 10.9 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units per net…
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
684.93 ac
Source
Realmo
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 Waukesha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukesha 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
$1,950,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,005,000
7%
$1,860,000
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.15M (Feb 24 2021)
Last sale anchor
$1.15M
Feb 24 2021
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
$138 / 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
$17,599
Tax year 2023
Assessed value
$1,158,000
Assessed 2023
Previous assessed
$786,000
+47.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$103,700
Assessed improvement
$1,054,300
Total market value
$1,198,882
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
1974
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
12,266 SF
Lot
0.68 ac (29,621 SF)
Zoning code
RM-2 (PUD)
APN
WAKC0996973
UPID
US92-0883520
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-2 (PUD) · Waukesha, WIZoning RM-2 (PUD) · permitted uses
RM-2 (PUD) · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 17.4 dwelling units per net acre for efficiency apartments, 14.5 dwelling units per net acre for one bedroom apartments, 12.4 dwelling units per net acre for two bedroom apartments, 10.9 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units per net acre for two family units and 5.5 dwelling units per net acre for single family dwellings, The PUD Overlay District is intended to permit development that will, over a period of time, be enhanced by coordinated area site planning, diversified location of structures, diversified building heights and types, or mixing of compatible uses
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
684.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Home Path Financial Limited Partner
Individual
Mailing address
5116 N 126TH ST, BUTLER, WI 53007-1306
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
71 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
—
Home Path Financial LP
—
Deed
related
$120,000
Apr 16, 2026
—
Home Path Financial LP
—
Deed
related
$37,148 · Metter Bank
Feb 19, 2026
—
Home Path Financial LP
—
Deed
related
$200,000 · Lisa A Lee Trust
Nov 12, 2025
—
Home Path Financial LP
—
Deed
related
$55,000 · Sharon R Marlints
Aug 26, 2025
—
Home Path Financial LP
—
Deed
related
$100,000 · Michelle Roehm
Jul 1, 2025
—
Home Path Financial LP
—
Deed
related
$50,000 · Donald Leibee Etal
May 23, 2025
—
Home Path Financial LP
—
Deed
related
$30,000 · Greg Studer
Apr 22, 2025
—
Home Path Financial LP
—
Deed
related
$191,292 · Nicholas Georgiou Roth Ira
Apr 7, 2025
—
Home Path Financial LP
—
Deed
related
$85,000 · Cody W Haag
Nov 12, 2024
—
Home Path Financial LP
—
Deed
related
$40,000 · Sharon R Marlin
Nov 11, 2024
—
Home Path Financial LP
—
Deed
related
$38,000 · Jamie Hamil
Sep 13, 2024
—
Home Path Financial LP
—
Deed
related
$125,000 · Alla Levkov Ira
Jul 3, 2024
—
Home Path Financial LP
—
Deed
related
$173,633 · Directed Trust Co Trustee
Sep 25, 2023
—
Home Path Financial LP
—
Deed
related
$25,000 · Donald Leibee
Sep 20, 2023
—
Home Path Financial LP
—
Deed
related
$50,000 · Lee Panico
Aug 7, 2023
—
Home Path Financial LP
—
Deed
related
$25,000 · Donald Leibee
May 10, 2023
—
Home Path Financial LP
—
Deed
related
$114,135 · Jerry Bond
May 3, 2023
—
Home Path Financial LP
—
Deed
related
$232,000 · Jerry Bond
May 1, 2023
—
Home Path Financial LP
—
Deed
related
$39,962 · Elizabeth Eddy
Mar 29, 2023
—
Home Path Financial LP
—
Deed
related
$41,149 · May H Courtion
Mar 2, 2023
—
Home Path Financial LP
—
Deed
related
$200,000 · Tex Merritt
Jan 16, 2023
—
Home Path Financial LP
—
Deed
related
$82,903 · Directed Trust Co Ttee
Nov 7, 2022
—
Home Path Financial LP
—
Deed
related
$33,000 · Digital Trust Ttee
Oct 14, 2022
—
Home Path Financial LP
—
Deed
related
$30,000 · Laura J Hutchins
Sep 13, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Digital Trust Co
Sep 8, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Tex Merritt
Aug 4, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Augusto Giulio Simonelli
Jun 16, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Cody W Haag
May 16, 2022
—
Home Path Financial LP
—
Deed
related
$75,000 · Sharon R Marlin
Apr 12, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Lee Panico
Mar 30, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Digital Trust Co
Mar 25, 2022
—
Home Rath Financial LP
—
Deed
related
$36,153 · May H Courtion
Mar 23, 2022
—
Home Path Financial LP
—
Deed
related
$40,000 · Rajunis Living Trust
Jan 18, 2022
—
Home Path Financial LP
—
Deed
related
$50,000 · Forge Trust Co
Jan 10, 2022
—
Home Path Financial LP
—
Deed
related
$25,000 · Donald Leibee
Jan 4, 2022
—
Home Path Financial LP
—
Deed
related
$100,000 · Kaliston Foods INC
Dec 9, 2021
—
Home Path Financial LP
—
Deed
related
$59,000 · Entrust Group INC
Dec 1, 2021
—
Home Path Financial LP
—
Deed
related
$83,480 · Entrust Group INC
Nov 16, 2021
—
Home Path Financial LP
—
Deed
related
$35,000 · Elizabeth Eddy
Nov 1, 2021
—
Home Path Financial LP
—
Deed
related
$25,000 · Brenda L Mettler
Oct 12, 2021
—
Home Path Financial LP
—
Deed
related
$30,000 · Lee Panico
Sep 14, 2021
—
Home Path Financial LP
—
Deed
related
$35,576 · Horizon Trust Co Trustee
Sep 1, 2021
—
Home Path Financial LP
—
Deed
related
$25,000 · Greg Studer
Aug 27, 2021
—
Home Path Financial LP
—
Deed
related
$57,245 · Directed Trust Co
Aug 26, 2021
—
Home Path Financial LP
—
Deed
related
$30,000 · Maistri Trust
Aug 24, 2021
—
Home Path Financial LP
—
Deed
related
$34,000 · Horizon Trust Co
Aug 23, 2021
—
Home Path Financial LP
—
Deed
related
$140,843 · Horizon Trust Co
Jul 8, 2021
—
Home Path Financial LP
—
Deed
related
$33,000 · Horizon Trust Co
Jul 1, 2021
—
Home Path Financial LP
—
Deed
related
$141,000 · Directed Trust Co
Jun 25, 2021
—
Home Path Financial LP
—
Deed
related
$100,000 · Andrea Cermak
Jun 21, 2021
—
Home Path Financial LP
—
Deed
related
$150,000 · Provident Trust Group LLC
Jun 8, 2021
—
Home Path Financial LP
—
Deed
related
$100,000 · Ims Investments LLC
Jun 7, 2021
—
Home Path Financial LP
—
Deed
related
$50,000 · Mary J Haag
Jun 4, 2021
—
Home Path Financial LP
—
Deed
related
$57,345 · Goldstar Trust Co
Jun 3, 2021
—
Home Path Financial LP
—
Deed
related
$100,000 · Goldstar Trust Co
May 25, 2021
—
Home Path Financial LP
—
Deed
related
$27,400 · Forge Trust Co
May 14, 2021
—
Home Path Financial LP
—
Deed
related
$140,067 · Entrust Group INC
Apr 26, 2021
—
Home Path Financial LP
—
Deed
related
$104,500 · Provident Trust Group LLC
Apr 23, 2021
—
Home Path Financial LP
—
Deed
related
$71,750 · Goldstar Trust Co
Apr 21, 2021
—
Home Path Financial LP
—
Deed
related
$112,707 · Entrust Group INC
Apr 16, 2021
—
Home Path Financial LP
—
Deed
related
$200,000 · Jeff Perkins
Apr 13, 2021
—
Home Path Financial LP
—
Deed
related
$108,000 · Ruiz Family Trust
Apr 2, 2021
—
Home Path Financial LP
—
Deed
related
$100,000 · Michael J Vernon
Apr 1, 2021
—
Home Path Financial LP
—
Deed
related
$204,000 · Horizon Trust Co
Mar 31, 2021
—
Home Path Financial LP
—
Deed
related
$113,700 · Horizon Trust Co
Mar 26, 2021
—
Home Path Financial LP
—
Deed
related
$100,000 · Claypool Irrevocable Trus
Feb 24, 2021
$1,150,000
Home Path Financial Limited Partner
Pewaukee Apartments Ix LLC
Warranty Deed
$862,500 · Velocity Commerical Capital Ll
Feb 23, 2021
—
Home Path Financial LP
—
Deed
related
$180,000 · T Mark
Dec 21, 2020
—
Pewaukee Apartments Ix LLC
—
Deed
related
$9,375,475 · North Shore Bk
Dec 18, 2020
$850,000
Pewaukee Apartments Ix LLC
Lynn G Haaker
Personal Representative Deed
$680,000 · North Shore Bank Fsb
—
—
Pewaukee Apartments Ix LLC
—
Loan Modification
related
$9,375,475 · North Shore Bk
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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