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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Flex space
1741 Dolphin Dr Waukesha, WI 53186-1493
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-1000287
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Total area
34,400 SF
Lot
3.45 ac (150,282 SF)
Zoning code
M-3
APN
WAKC1008065001
UPID
US92-1000287
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
-
Tundraland.com Renovation Specialist General Contractor
-
Renewal by Andersen of Milwaukee Waukesha Showroom Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.83M
Owner & transaction history
1232 North Edison LLC · 7 yrs held
1232 North Edison LLC
since 2018
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,090,000
6.5%
$1,925,000
7%
$1,790,000
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±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
$53 / 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
$31,186
Tax year 2023
Assessed value
$2,053,500
Assessed 2023
Previous assessed
$2,304,800
-10.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$623,300
Assessed improvement
$1,430,200
Total market value
$2,125,997
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
34,400 SF
Lot
3.45 ac (150,282 SF)
Zoning code
M-3
APN
WAKC1008065001
UPID
US92-1000287
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
1232 North Edison LLC
Entity
Mailing address
1232 N EDISON ST, MILWAUKEE, WI 53202-2502
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
—
1232 North Edison LLC
—
Deed
related
$920,000 · Ixonia Bank
Aug 27, 2018
—
1741 Dolphin Drive LLC
—
Grant Deed
related
$11,000,000 · Connectone Bk
Aug 21, 2018
$1,790,000
1232 North Edison LLC
1741 Dolphin Drive LLC
Warranty Deed
$1,175,000 · Associated Bank NA
Jan 25, 2018
$880,700
1741 Dolphin Drive LLC
Journal Sentinel INC
Grant Deed
—
Mar 20, 2015
$1,140,000
Journal Sentinel INC
Journal Communications INC
Quit Claim Deed
related
—
Feb 1, 2007
$1,060,000
Journal Sentinel INC
Nike Business Center LLC
Warranty Deed
—
Feb 1, 2007
$1,590,000
Journal Co
Nike Business Center LLC
Warranty Deed
—
Jun 24, 2005
—
Nike Business Center LLC
—
Trustees Deed
related
$2,020,000 · St Francis 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.
Try Rey
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