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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Grocery and convenience stores
1709 Smt Ave Waukesha, WI 53188-3216
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0781073
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1979
Total area
1,860 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-3
APN
WAKC0996976
UPID
US92-0781073
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
Current use
Occupant on record · Public records
-
GRANDVIEW CORNER PUMP Gas Station
-
Clark Gas Station
-
Mobil Gas Station
-
ATM Atm
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$444k
Blend (final)
Blend
$515k
Owner & transaction history
P&g Petro LLC · 1 yrs held
P&g Petro LLC
since 2025
Last sale
$576,200
7 recorded transactions
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Top alternative use upside
Office building
$375,000
+15.8%
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
$515,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $576k (Mar 7 2025)
Last sale anchor
$576k
Mar 7 2025
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
$277 / 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
$11,621
Tax year 2023
Assessed value
$769,400
Assessed 2023
Previous assessed
$769,400
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$242,400
Assessed improvement
$527,000
Total market value
$796,563
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1979
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
1,860 SF
Lot
0.53 ac (23,087 SF)
Zoning code
B-3
APN
WAKC0996976
UPID
US92-0781073
Jurisdiction
WAUKESHA
Zoning & alternative use
B-3 · Waukesha, WIZoning B-3 · permitted uses
B-3 · 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 the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$375,000
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
1979
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
P&g Petro LLC
Entity
Mailing address
8230 FAIRMONT LN, GREENDALE, WI 53129-2104
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$576,200
P&g Petro LLC
Gujar Petroleum LLC
Warranty Deed
$575,667 · State Bank Of Chilton
Apr 27, 2023
$875,000
Gujar Petroleum LLC
Ed Mcmahon
Warranty Deed
$625,000 · Lakeside Capital Holdings INC
Feb 10, 2010
$1,110,000
Ed Mcmahon
Lakepointe Holdings LLC
Grant Deed
—
Feb 10, 2010
—
Lakepointe Holdings LLC
Sheriff Of Waukesha County
Trustees Deed
related
—
—
—
Dennis A Polzin
—
Deed Of Trust
related
$962,496 · Lincoln State Bank
—
—
Dennis A Polzin
—
Deed Of Trust
related
$160,000 · Private Lender
—
—
Dennis A Polzin
—
Deed Of Trust
related
$105,913 · Private Lender
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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