Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,075,000
Warehouses
1901 Pr Ave 2 Waukesha, WI 53189-7479
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-0540899
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
57,912 SF
Lot
2.97 ac (129,373 SF)
Zoning code
M-2
APN
WAKC1354103002
UPID
US92-0540899
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
-
Weldall Mfg., Inc. Plant 2 Industrial Manufacturer Production Facility
-
Profile Finishing Systems Painting Service General Contractor
-
US Filter-Envirex Home Appliance Store Hardware & Home Improvement
-
Central States Shipping and Receiving Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.04M
Blend (final)
Blend
$5.08M
Owner & transaction history
Triple D Management LLC · 8 yrs held
Triple D Management LLC
since 2017
7 recorded transactions
Zoning & alternative use
M-2 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$8.4M
+19.4%
Retail stores
$7.4M
+4.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,040,000
Current use
COMMERCIAL (GENERAL)
$8,405,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$7,370,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,925,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$5.08M
Range $4.57M – $5.58M · ±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
$88 / 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
$19,585
Tax year 2023
Previous assessed
$942,300
Total market value
$1,328,087
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
1971
Heating
YES
Cooling
NONE
Stories
1
Total area
57,912 SF
Lot
2.97 ac (129,373 SF)
Zoning code
M-2
APN
WAKC1354103002
UPID
US92-0540899
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WIZoning M-2 · permitted uses
M-2 · 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 manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$8.4M
RETAIL STORES
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1971
Heating
YES
Cooling
Yes
Stories
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Triple D Management LLC
Entity
Mailing address
2001 S PR AVE, WAUKESHA, WI 53189-7307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
Triple D Management LLC
—
Deed
related
$18,200,000 · Johnson Bk
Dec 26, 2018
—
Triple D Management LLC
—
Deed
related
$2,368 · Johnson Bk
Aug 7, 2017
$1,200,000
Triple D Management LLC
Weldall Mfg INC
Quit Claim Deed
related
$1,200,000 · Weldall Mfg INC
Jul 13, 2017
—
Weldall Mfg INC
—
Deed
related
$2,358,000 · Johnson Bk
Jan 5, 2011
—
Weldall Mfg INC
—
Deed Of Trust
related
$9,035,506 · Harris NA
Jul 2, 2008
—
Weldall Mfg INC
—
Deed Of Trust
related
$9,600,000 · Amcore Bank
Jul 21, 2006
$1,086,600
Weldall Mfg INC
1901 Prairie LLC
Deed Of Trust
$4,038,356 · Amcore Bank
—
—
Weldall Mfg INC
—
Loan Modification
related
$17,358,000 · Johnson Bk
—
—
Weldall Mfg INC
—
Loan Modification
related
$19,726,000 · Johnson Bk
—
—
Triple D Management LLC
—
Loan Modification
related
$2,368 · Johnson Bk
—
—
Triple D Management LLC
—
Loan Modification
related
$18,200,000 · Johnson Bk
—
—
Weldall Mfg INC
—
Deed Of Trust
related
$12,535,506 · Bmo Harris Bank
—
—
Weldall Mfg INC
—
Deed Of Trust
related
$2,358,000 · Johnson Bk
—
—
Weldall Mfg INC
—
Deed Of Trust
related
$2,834,520 · Amcore Bank
—
—
1901 Prairie LLC
—
Deed Of Trust
related
$7,490,000 · Amcore Bank
—
—
Weldall Mfg INC
—
Deed Of Trust
related
$11,535,506 · Bmo Harris 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1901 Pr Ave, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
