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Property profile & analytics
OFF-MARKET
Estimated value
$4,440,000
Apartment buildings
1909 Madera St Waukesha, WI 53189-7544
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-1113911
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
8,954 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RM-3
APN
WAKC1356009
UPID
US92-1113911
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
$5.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$4.44M
Owner & transaction history
Bgs Investments LLC · 2 yrs held
Bgs Investments LLC
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
RM-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 21.8 dwelling units per net acre for efficiency apartments, 17.4 dwelling units per net acre for one bedroom apartments, and 14.5 dwelling units per net acre for two bedroom apartments, and 12.4 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
220.82 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
$5,135,000
ML approach
$5,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±10% · vs last sale $4.42M (Nov 13 2023)
Last sale anchor
$4.42M
Nov 13 2023
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
$496 / 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
$10,200
Tax year 2023
Assessed value
$671,300
Assessed 2023
Previous assessed
$593,400
+13.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$161,200
Assessed improvement
$510,100
Total market value
$694,999
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
1968
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
8,954 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RM-3
APN
WAKC1356009
UPID
US92-1113911
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-3 · Waukesha, WIZoning RM-3 · permitted uses
RM-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 multi family residential development at densities not exceeding 21.8 dwelling units per net acre for efficiency apartments, 17.4 dwelling units per net acre for one bedroom apartments, and 14.5 dwelling units per net acre for two bedroom apartments, and 12.4 dwelling units per net acre for three bedroom or larger apartments, 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
220.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Bgs Investments LLC
Entity
Mailing address
1111 W LAYTON AVE, MILWAUKEE, WI 53221-2431
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
—
Bgs Investments LLC
—
Deed
related
$3,603,826 · Tri City National Bank
Nov 13, 2023
$4,420,000
Bgs Investments LLC
Denco Properties LLC
Warranty Deed
$3,603,826 · Tri City National Bank
Jul 10, 2023
$3,673,000
Denco Properties LLC
1910 Madera LLC
Warranty Deed
$2,600,000 · Tri City National Bank
Jan 14, 2021
—
Madera Group2 LLC
Steven K Chandler
Quit Claim Deed
related
$1,538,065 · Bank Of Lake Mills
Jan 15, 2016
$598,500
1910 Madera LLC
Madera Street Apartments LLC
Warranty Deed
—
Feb 12, 1999
—
Street Apartments LLC
Dorau,michael J & John R
Quit Claim Deed
related
$348,493 · Firstar Bank Milwaukee NA
—
—
Madera St Apartments LLC
—
Deed Of Trust
related
$344,000 · First Federal Savings 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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