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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Apartment buildings
1951 Dixie Dr Waukesha, WI 53189-7371
Entity Owned
~
Est. High Equity
Property ID
US92-3426618
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
FRAME
Total area
4,704 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1360135
UPID
US92-3426618
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
$410k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$645k
Owner & transaction history
Zeus Real Estate Holdings LLC
Zeus Real Estate Holdings LLC
since 2026
Last sale
$795,000
7 recorded transactions
Zoning & alternative use
RM-3 (PUD) · 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 Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
364.93 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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $795k (Feb 4 2026)
Last sale anchor
$795k
Feb 4 2026
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
$137 / 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
$6,804
Tax year 2023
Assessed value
$450,800
Assessed 2023
Previous assessed
$433,500
+4.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$89,100
Assessed improvement
$361,700
Total market value
$466,715
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
1977
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
4
Rooms
20
Bathrooms
8
Total area
4,704 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1360135
UPID
US92-3426618
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-3 (PUD) · Waukesha, WIZoning RM-3 (PUD) · permitted uses
RM-3 (PUD) · 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, The PUD Overlay District is intended to permit development that will, over a period of time, be enhanced by coordinated area site planning, diversified location of structures, diversified building heights and types, or mixing of compatible uses
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
364.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Rooms
20
Bathrooms
8
Lot
0.37 ac
Current owner
From public records · entity-resolved
Zeus Real Estate Holdings LLC
Entity
Mailing address
271ST FIELDHACK DR, PEWAUKEE, WI 53072-5445
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$795,000
Zeus Real Estate Holdings LLC
Alvand LLC
Warranty Deed
$596,250 · First Citizens Bank & Trust Co
Oct 31, 2018
—
Alvand LLC
—
Deed
related
$150,000 · North Shore Bk
Mar 28, 2018
—
Alvand LLC
—
Deed
related
$246,000 · North Shore Bk
Dec 3, 2013
—
Alvand LLC
Darakhani,ali
Quit Claim Deed
related
—
Oct 22, 2013
—
Ali Darakhani
Alvand LLC
Quit Claim Deed
related
—
Sep 26, 2006
—
Alvand LLC
Darakhani,ali
Warranty Deed
—
Jan 13, 2006
$360,000
Ali Darakhani
Dixie Drive Apartment 1951 LLC
Warranty Deed
$250,000 · Heritage Mortgage
Dec 20, 2000
$96,800
Dixie Drive Apartments 1955
Waukesha State Bank
Quit Claim Deed
related
$193,425 · Waukesha State Bank
—
—
Alvand LLC
—
Deed Of Trust
related
$754,000 · North Shore Bank Fsb
—
—
Alvand LLC
—
Loan Modification
related
$150,000 · North Shore Bk
—
—
Alvand LLC
—
Loan Modification
related
$246,000 · North Shore Bk
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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