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Property profile & analytics
OFF-MARKET
Estimated value
$10,200,000
Flex space
1717 Pearl St Waukesha, WI 53186-5626
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-0633166
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Total area
79,518 SF
Lot
4.84 ac (210,830 SF)
Zoning code
M-2
APN
WAKC1299029
UPID
US92-0633166
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
-
Olson Warehouse & Distribution Warehouse & Storage
-
Staffing Leadership Group Employment Agency
-
ODW Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$10.20M
Owner & transaction history
Srrt Pearl Street LLC · 3 yrs held
Srrt Pearl Street LLC
since 2023
Last sale
$10.3M
6 recorded transactions
Zoning & alternative use
M-2 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.8M
+24.3%
Apartment house (5+ units)
$11.1M
+16.3%
Retail stores
$10.1M
+6.4%
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
$11,960,000
ML approach
$10,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,510,000
Current use
COMMERCIAL (GENERAL)
$11,815,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,055,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$10,120,000
Change: +6% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,480,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$10.20M
Range $9.18M – $11.22M · ±10% · vs last sale $10.29M (Apr 4 2023)
Last sale anchor
$10.29M
Apr 4 2023
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
$128 / 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
$54,378
Tax year 2023
Assessed value
$3,593,900
Assessed 2023
Previous assessed
$2,300,700
+56.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$397,500
Assessed improvement
$3,196,400
Total market value
$3,720,778
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1995
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
79,518 SF
Lot
4.84 ac (210,830 SF)
Zoning code
M-2
APN
WAKC1299029
UPID
US92-0633166
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WI
Zoning M-2 · permitted uses
M-2 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
RETAIL STORES
Est. value
$10.1M
WAREHOUSE, STORAGE
Est. value
$9.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1995
Heating
YES
Cooling
Yes
Stories
2
Lot
4.84 ac
Current owner
From public records · entity-resolved
Srrt Pearl Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
900 3RD ST N, MINNEAPOLIS, MN 55401-1017
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
$10,292,100
Srrt Pearl Street LLC
Haverhill Apartments LLP
Special Warranty Deed
—
Nov 4, 2021
$9,790,000
Haverhill Apartments LLP
Srrt Pearl Street LLC
Special Warranty Deed
$5,825,000 · Luanna Savings Bank
Aug 16, 2021
$11,650,000
Srrt Pearl Street LLC
Jt Jacobus & Associates INC
Special Warranty Deed
—
Aug 4, 2006
—
Olson Companies INC
—
Deed Of Trust
related
$1,450,000 · M & I Marshall & Isley Bank
Apr 6, 2000
—
Olsen Companies INC
Pearl St Properties INC
Trustees Deed
related
—
—
—
Jt Jacobus & Associates INC
—
Deed Of Trust
related
$4,000,000 · Park Bank
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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