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Property profile & analytics
OFF-MARKET
Estimated value
$14,135,000
Apartment buildings
177th Tamarack Spgs Cir Menomonee Falls, WI 53051-4223
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0848492
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
120,384 SF
Lot
12.79 ac (557,002 SF)
Zoning code
B
APN
MNFV0061998
UPID
US92-0848492
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
by Request
CAP Approach
CAP
$19.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.14M
Owner & transaction history
Tamarack Springs LLC · 7 yrs held
Tamarack Springs LLC
since 2019
4 recorded transactions
Zoning & alternative use
B · Menomonee Falls, 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 Menomonee Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menomonee Falls 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%
$21,315,000
6.5%
$19,675,000
7%
$18,270,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,420,000
Current use
RETAIL STORES
$15,320,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,910,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$14,395,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.14M
Range $12.72M – $15.55M · ±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
$117 / 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
$378,227
Tax year 2023
Assessed value
$33,890,000
Assessed 2023
Previous assessed
$12,617,000
+168.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,924,200
Assessed improvement
$30,965,800
Total market value
$34,742,900
Applied tax rate
24.0000
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
2020
Heating
NONE
Buildings
5
Units
1
Total area
120,384 SF
Lot
12.79 ac (557,002 SF)
Zoning code
B
APN
MNFV0061998
UPID
US92-0848492
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WIZoning B · permitted uses
B · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.4M
RETAIL STORES
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$14.9M
INDUSTRIAL (GENERAL)
Est. value
$14.4M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2020
Heating
NONE
Buildings
5
Units
1
Lot
12.79 ac
Current owner
From public records · entity-resolved
Tamarack Springs LLC
Entity
Mailing address
5300 S 108TH ST STE #1, HALES CORNERS, WI 53130-1368
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Tamarack Springs LLC
—
Deed
related
$35,543,000 · Greystone Servicing Corp
Dec 4, 2020
—
Tamarack Springs LLC
—
Deed
related
$34,902,400 · Associated Bank
May 1, 2019
$2,500,000
Tamarack Springs LLC
Prohealth Care Medical Assocs
Warranty Deed
—
Nov 1, 1999
—
Normandy Village Apartments LP
—
Deed Of Trust
related
$1,750,000 · Richter-schroeder Co INC
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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