Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2047 Silvernail Rd Waukesha, WI 53186

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2047 Silvernail Rd Waukesha, WI 53186

    View on Map
    • Drive through restaurants
    • 4,215 SF
    • 1.72 lot acres
    Off-Market
    Property ID
    US92-3515464
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2047 Silvernail Rd

    Year built
    2002
    Lot size
    1.72 lot acres
    Property size
    4,215 SF
    Zone code
    B-5
    Property type
    Drive through restaurants
    APN
    WAKC0974080
    APU
    WAKC0974080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $941,000
      Market price range: $398k - $941k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,150,000
      Current use
      OFFICE BUILDING
      $1,010,000
      Change: -12% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2597
    Latitude
    43.0425
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,527
    $857,100
    $567,700
    $1,424,800
    -
    $0.00
    $0.00
    $1,475,101

    Comparable in this City

    • Value Estimation by Request
      2,534 SF

      317 Grand Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,534 SF
      317 Grand Ave, Waukesha, WI 53186-4934
      View Details
    • Value Estimation
      $730,000
      3,922 SF

      1650 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,922 SF
      1650 Main St, Waukesha, WI 53186-3943
      View Details
    • Value Estimation
      $4,120,000
      2,937 SF

      2050 Silvernail Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,937 SF
      2050 Silvernail Rd, Waukesha, WI 53186
      View Details
    • Value Estimation
      $605,000
      3,311 SF

      1700 Pearl St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,311 SF
      1700 Pearl St, Waukesha, WI 53186-5626
      View Details
    • Value Estimation
      $635,000
      3,310 SF

      1800 Gtwy Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,310 SF
      1800 Gtwy Dr, Waukesha, WI 53186-3924
      View Details
    • Value Estimation
      $765,000
      3,578 SF

      2330 Moreland Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,578 SF
      2330 Moreland Blvd, Waukesha, WI 53186-2908
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Restaurant Property in High-Traffic Area

      Restaurant property with drive-thru, patio, and high visibility.
      2423 Kossow Rd, Vernon, WI 53186
      View Details
    • $1,075,000
      11,989 SF

      Waukesha Executive Office Building

      Prime Waukesha location, 2,000 rentable sq ft.
      501 Grand Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Waukesha Retail Strip Center

      100% occupied retail strip center in affluent Milwaukee suburb.
      120 E Sunset Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      11,989 SF

      Waukesha Retail and Office Space

      11,989 SqFt retail and office property for sale.
      501 S Grand Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing
      41,305 SF

      Waukesha Commercial Property For Sale

      Commercial property in Waukesha, WI, available for sale.
      20825 Swenson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      11,989 SF

      Waukesha Retail Space for Sale

      Retail property in Waukesha, 100% occupied with strong cash flow.
      237 Harrison Ave, Waukesha, WI 53186
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Waukesha Heart

      Retail space in vibrant Waukesha, close to local attractions.
      139 E Broadway St, Waukesha, WI 53186
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Greenfield Avenue

      Retail space with high visibility and dedicated turn lane.
      14005-14199 W Greenfield Ave, New Berlin, WI 53186
      View Details
    • Contact for pricing
      2,114 SF

      Waukesha Freestanding Mixed-Use Building

      Versatile live/work or office space in Waukesha.
      1826 E Main St, Waukesha, WI 53186
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space with High Visibility

      Retail space available with high traffic and full access.
      12400-12450 W National Ave, New Berlin, WI 53186
      View Details
    • Contact for pricing
      3,016 SF

      Former Salon Space Available

      Former salon space with plumbing and open-concept layout.
      1714-1718 Manhattan Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Modern Commercial Space in Waukesha

      Like-new commercial property with flexible floor plans and ample parking.
      N8 Johnson Dr, Waukesha, WI 53186
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2047 Silvernail Rd
    Waukesha, WI 53186
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!