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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Flex space
1918 Macarthur Rd 1 Waukesha, WI 53188-5722
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1304792
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
7,636 SF
Lot
0.59 ac (25,570 SF)
Zoning code
M-2
APN
WAKC1330108
UPID
US92-1304792
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
-
Scott D. Nelson, AP Medical Clinic Alternative Medicine Practice
-
Blair Commercial Painting LLC Painting Paint Stripping Service
-
Footlights Performance Magazine & Printed Theatre Programs Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$530k
Owner & transaction history
Frank & Mindy LLC · 4 yrs held
Frank & Mindy LLC
since 2021
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
M-2 · 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%
$465,000
6.5%
$430,000
7%
$395,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $580k (Oct 1 2021)
Last sale anchor
$580k
Oct 1 2021
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
$69 / 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
$9,156
Tax year 2023
Assessed value
$603,300
Assessed 2023
Previous assessed
$278,200
+116.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$106,600
Assessed improvement
$496,700
Total market value
$624,598
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
1986
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,636 SF
Lot
0.59 ac (25,570 SF)
Zoning code
M-2
APN
WAKC1330108
UPID
US92-1304792
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WI
Zoning 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
Waukesha. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Frank & Mindy LLC
Entity
Mailing address
235 KARIN DR, NORTH PRAIRIE, WI 53153-9723
Ownership since
2021
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
Oct 1, 2021
$580,000
Frank & Mindy LLC
Sela Investments LLC
Warranty Deed
$493,000 · Wells Fargo Bank
Mar 31, 2016
$127,500
Sela Investments LLC
Wilson,michael J
Warranty Deed
$204,000 · Bmo Harris Bk NA
Jul 30, 2015
—
Wilson Trust
Wilson,michael J
Quit Claim Deed
related
—
May 4, 2007
—
Michael J Wilson
—
Trustees Deed
related
$805,000 · Sunset Bank & Savings
—
—
Michael J Wilson
—
Deed Of Trust
related
$250,000 · Investorsbank
—
—
Michael J Wilson
—
Deed Of Trust
related
$327,150 · Sunset Bank & Savings
—
—
Michael J Wilson
—
Deed Of Trust
related
$300,000 · Sunset Bank & Savings
—
—
Michael J Wilson
—
Deed Of Trust
related
$250,000 · Park National 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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