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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
1821 Dolphin Dr Waukesha, WI 53186-1430
Entity Owned
7-yr Hold
Free & Clear
Property ID
US92-0507201
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
11,952 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M-3
APN
WAKC1008057
UPID
US92-0507201
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
-
Integrity Environmental Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$940k
Owner & transaction history
Erdmonster Properties LLC · 7 yrs held
Erdmonster Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
M-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizi…
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.5M
+6.7%
Industrial (general)
$1.4M
+0.3%
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%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,425,000
Current use
RETAIL STORES
$1,520,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,430,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$79 / 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
$11,896
Tax year 2023
Assessed value
$784,200
Assessed 2023
Previous assessed
$763,700
+2.7% YoY
Effective rate
1.52%
On assessed value
Assessed land
$214,100
Assessed improvement
$570,100
Total market value
$811,886
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
11,952 SF
Lot
1.51 ac (65,776 SF)
Zoning code
M-3
APN
WAKC1008057
UPID
US92-0507201
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WIZoning 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
Zoning description
To provide for the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizing adverse effects upon the adjoining or surrounding areas
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1993
Heating
YES
Cooling
Yes
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Erdmonster Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
35317 GENESEE LK RD, OCONOMOWOC, WI 53066-9203
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2019
$710,000
Erdmonster Properties LLC
Wagner J F & N L Joint Trust
Grant Deed
—
Dec 15, 2004
—
Jerome F Wagner
Wagner,jerome F
Quit Claim Deed
related
—
—
—
Jerome F Wagner
—
Deed Of Trust
related
$400,000 · Horicon State Bank
—
—
Wagner,jerome F & Nancy L Trust
—
Deed Of Trust
related
$500,000 · Associated Bank
—
—
Jerome F Wagner
—
Deed Of Trust
related
$300,000 · Horicon 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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