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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Warehouses
223 Maple Ave Waukesha, WI 53186-4700
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-1262639
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
30,401 SF
Lot
1.7 ac (74,052 SF)
Zoning code
B-3
APN
WAKC1308474
UPID
US92-1262639
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
-
Outskirts Theatre Theater & Performing Art Venue
-
The Creative Arts Oasis Theater & Performing Art Venue
-
Warehouse233 Hotel & Motel Resort
-
Cecelia Blenker Art Studio Art Gallery Art School
-
Fischer Creative Arts Center Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.07M
Owner & transaction history
Carroll University INC · 2 yrs held
Carroll University INC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 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
$2,280,000
ML approach
$2,230,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $1.96M (Sep 20 2023)
Last sale anchor
$1.96M
Sep 20 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
$68 / 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
$15,205
Tax year 2023
Assessed value
$995,000
Assessed 2023
Previous assessed
$859,900
+15.7% YoY
Effective rate
1.53%
On assessed value
Assessed land
$515,400
Assessed improvement
$479,600
Total market value
$1,030,128
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
1920
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
30,401 SF
Lot
1.7 ac (74,052 SF)
Zoning code
B-3
APN
WAKC1308474
UPID
US92-1262639
Jurisdiction
WAUKESHA
Zoning & alternative use
B-3 · Waukesha, WIZoning B-3 · permitted uses
B-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 the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Carroll University INC
Entity
Free & Clear · 2 yrs held
Mailing address
100 NE AVE, WAUKESHA, WI 53186-3103
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
$1,860,000
Carroll University INC
Fischer Marital Trust
Deed
—
Jan 3, 2018
—
Marital Aldona D Trust
Sdr 1 LLC
Quit Claim Deed
related
—
Mar 5, 2009
—
Sdr I LLC
Fischer,ray & Aldona
Quit Claim Deed
related
—
Jul 12, 1999
—
Henry J Meade
Merem Rehab INC
Grant Deed
related
—
Jun 8, 1999
$525,000
Merem Rehab INC
Bourgeois,marc J
Trustees Deed
$350,000 · Christina Trading Corp
Jun 8, 1999
$81,000
Marc J Bourgeois
Papagianis,george
Quit Claim Deed
related
—
Jun 8, 1999
—
G & M Investments
Schwellinger,jerome D
Trustees Deed
related
—
—
—
Henry J Meade
—
Deed Of Trust
related
$775,000 · Community Bank & Trust Co
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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