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Property profile & analytics
OFF-MARKET
Estimated value
$5,590,000
Warehouses
202 Olive St Glendale, WI 53212-1026
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-0853422
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
100,800 SF
Lot
4.09 ac (178,030 SF)
APN
233-1191-001
UPID
US92-0853422
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
by Request
CAP Approach
CAP
$6.86M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.59M
Owner & transaction history
Boelter Olive Street LLC · 12 yrs held
Boelter Olive Street LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.0M
+88.5%
Commercial (general)
$7.7M
+80.5%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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%
$7,430,000
6.5%
$6,855,000
7%
$6,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,240,000
Current use
OFFICE BUILDING
$7,985,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,650,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$5.59M
Range $5.03M – $6.15M · ±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
$55 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$90,406
Tax year 2022
Assessed value
$3,400,000
Assessed 2022
Previous assessed
$3,400,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$350,000
Assessed improvement
$3,050,000
Total market value
$4,098,400
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
1974
Heating
NONE
Total area
100,800 SF
Lot
4.09 ac (178,030 SF)
APN
233-1191-001
UPID
US92-0853422
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (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
1974
Heating
NONE
Lot
4.09 ac
Current owner
From public records · entity-resolved
Boelter Olive Street LLC
Entity
Mailing address
22ND RIDGEVIEW PKWY W, WAUKESHA, WI 53188-1013
Ownership since
2014
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
Aug 2, 2019
—
Boelter Olive Street LLC
—
Deed
related
$4,650,000 · Miscellaneous Ins Co
Sep 2, 2016
—
Boelter Olive Street LLC
—
Deed
related
$3,500,000 · Miscellaneous Ins Co
May 7, 2014
$3,100,000
Boelter Olive Street LLC
Olive Goodman LLC
Special Warranty Deed
—
Dec 8, 2004
$2,600,000
Olive Goodman LLC
Olive Street Inv Group LLC
Warranty Deed
related
—
—
—
Boelter Olive Street LLC
—
Deed Of Trust
related
$4,650,000 · Miscellaneous Ins Co
—
—
Boelter Olive Street LLC
—
Deed Of Trust
related
$3,500,000 · Miscellaneous Ins Co
—
—
Olive Street Inv Group LLC
—
Deed Of Trust
related
$1,000,000 · Tri City National Bank
—
—
Olive Goodman LLC
—
Deed Of Trust
related
$1,467,470 · Wells Fargo 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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