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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Flex space
1720 Dolphin Dr Waukesha, WI 53186-1489
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-0043451
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1994
Total area
29,591 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M-3
APN
WAKC1008060
UPID
US92-0043451
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
-
Special Therapies, Inc. Physician
-
Travel Center Media Marketing & Advertising Advertising Agency
-
American Dojo Martial Arts Training Center Sports School
-
High Velocity Communications Association Or Organization
-
Schoenwalder Plumbing Inc Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.38M
Owner & transaction history
Mkk Real Estate LLC · 11 yrs held
Mkk Real Estate LLC
since 2015
5 recorded transactions
Zoning & alternative use
M-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,795,000
6.5%
$1,660,000
7%
$1,540,000
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
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
$46 / 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
$35,430
Tax year 2023
Assessed value
$2,333,700
Assessed 2023
Previous assessed
$1,746,200
+33.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,212,100
Assessed improvement
$1,121,600
Total market value
$2,416,089
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
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
29,591 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M-3
APN
WAKC1008060
UPID
US92-0043451
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WI
Zoning M-3 · permitted uses
M-3 · 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.
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
3.18 ac
Current owner
From public records · entity-resolved
Mkk Real Estate LLC
Entity
Mailing address
222ND TIMM DR, WAUKESHA, WI 53189-8261
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
—
Mkk Reak Estate LLC
—
Deed
related
$1,520,000 · Commerce State Bank
May 15, 2015
$1,600,000
Mkk Real Estate LLC
H D Center LLC
Warranty Deed
$1,631,700 · Commerce State Bank
Dec 7, 2005
—
Cbc 1 LLC
Raab,rudolph
Quit Claim Deed
related
—
Mar 28, 2005
$2,070,000
Rudolph Raab
Hillcrest Dev & Building INC
Warranty Deed
$1,500,000 · State Financial Bank
—
—
Hd Center LLC
—
Deed Of Trust
related
$1,311,450 · Guardian Cu
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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