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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Turn key restaurants
2301 Bluemound Rd Waukesha, WI 53186-2917
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0994799
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Total area
6,314 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MM-1
APN
WAKC1127005
UPID
US92-0994799
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
-
Jilly's Car Wash - Waukesha Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.31M
Owner & transaction history
Nnn Reit LP · 2 yrs held
Nnn Reit LP
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
MM-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MM-1 Mixed Use Manufacturing District is hereby created, the purpose of the MM-1 district is to provide for a variety of light industrial and manufacturing uses, also incorporating retail, service, and commercial uses activity along high traffic arterial corridors within, and adjoining the district, the MM-1 district may be used to serve as a transition…
Zone name
Mixed Use Manufacturing
General category
MIXED_USE
Zone area
87.75 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
$2,675,000
ML approach
$2,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,725,000
Current use
OFFICE BUILDING
$1,510,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $2.30M (Sep 27 2023)
Last sale anchor
$2.30M
Sep 27 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
$366 / 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
$18,228
Tax year 2023
Assessed value
$1,202,300
Assessed 2023
Previous assessed
$1,139,000
+5.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$402,500
Assessed improvement
$799,800
Total market value
$1,244,746
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,314 SF
Lot
0.88 ac (38,333 SF)
Zoning code
MM-1
APN
WAKC1127005
UPID
US92-0994799
Jurisdiction
WAUKESHA
Zoning & alternative use
MM-1 · Waukesha, WIZoning MM-1 · permitted uses
MM-1 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MM-1 Mixed Use Manufacturing District is hereby created, the purpose of the MM-1 district is to provide for a variety of light industrial and manufacturing uses, also incorporating retail, service, and commercial uses activity along high traffic arterial corridors within, and adjoining the district, the MM-1 district may be used to serve as a transition between heavy industrial areas and other commercial or industrial districts
Zone name
Mixed Use Manufacturing
General category
MIXED_USE
Zone area
87.75 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT Current
OFFICE BUILDING
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$2,300,000
Nnn Reit LP
Jillys LLC
Special Warranty Deed
—
Mar 23, 2023
$2,300,000
Jillys LLC
Albanese Trust
Deed
—
May 6, 2022
—
Albanese Trust
—
Deed
related
$475,000 · North Shore Bank Fsb
Jul 18, 2013
—
Albanese,dominic J & E M Trust
Albanese,dominic J
Quit Claim Deed
related
—
May 17, 2004
$172,500
Dominic J Albanese
Dja Roadhouse
Quit Claim Deed
related
$507,500 · Sunset Bank & Savings
—
—
Dominic J Albanese
—
Deed Of Trust
related
$100,000 · Waukesha State Bank
—
—
Dominic J Albanese
—
Deed Of Trust
related
$470,000 · Bank Mutual
—
—
Dja Roadhouse
—
Deed Of Trust
related
$150,000 · Sunset Bank & Savings
—
—
Dominic J Albanese
—
Deed Of Trust
related
$486,000 · Waukesha State 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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