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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Apartment buildings
173 4th St Waukesha, WI 53188
Entity Owned
16-yr Hold
Free & Clear
Property ID
US92-0349671
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
FRAME
Total area
3,592 SF
Lot
0.26 ac (11,326 SF)
Zoning code
RM-1
APN
WAKC1306475
UPID
US92-0349671
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
$375k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Waukesha Memorial Hospital INC · 16 yrs held
Waukesha Memorial Hospital INC
since 2010
1 recorded transaction
Zoning & alternative use
RM-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for multiple family residential development at densities not to exceed 17.4 dwelling units per net acre for efficiency units; 14.5 dwelling units per net acre for one bedroom units; 12.4 dwelling units per net acre for two bedroom units; 10.9 dwelling units per acre for three bedroom or larger units, 9.7 dwelling units per net acre for two family…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
391.89 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$860,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$148 / 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
$5,517
Tax year 2023
Assessed value
$365,800
Assessed 2023
Previous assessed
$288,800
+26.7% YoY
Effective rate
1.51%
On assessed value
Assessed land
$83,800
Assessed improvement
$282,000
Total market value
$378,714
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
1973
Construction
FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,592 SF
Lot
0.26 ac (11,326 SF)
Zoning code
RM-1
APN
WAKC1306475
UPID
US92-0349671
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-1 · Waukesha, WIZoning RM-1 · permitted uses
RM-1 · 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 multiple family residential development at densities not to exceed 17.4 dwelling units per net acre for efficiency units; 14.5 dwelling units per net acre for one bedroom units; 12.4 dwelling units per net acre for two bedroom units; 10.9 dwelling units per acre for three bedroom or larger units, 9.7 dwelling units per net acre for two family units; and 5.5 dwelling units per net acre for single family dwellings
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
391.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$860,000
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
1973
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
4
Rooms
16
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Waukesha Memorial Hospital INC
Entity
Free & Clear · 16 yrs held
Mailing address
725 AMERICAN AVE, WAUKESHA, WI 53188-5031
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2010
$295,000
Waukesha Memorial Hospital INC
Schoenberger Family LP
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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