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Property profile & analytics
OFF-MARKET
Estimated value
$14,700,000
Medical Office Space
2315 Moreland Blvd Waukesha, WI 53186-2939
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0040426
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
30,240 SF
Lot
3.27 ac (142,441 SF)
Zoning code
B-5
APN
WAKC1130123
UPID
US92-0040426
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
-
Freodtert & The Medical College Of Wisconsin Hospital
-
Westbrook Health Center Medical Clinic
-
Jeffrey S Nelson, PA-C, MPAS Physician
-
Caitlin Schueller Physician
-
Jennifer Franz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.70M
CAP Approach
CAP
$15.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.70M
Owner & transaction history
Waukesha 2315 Mp Rk6 LLC · 2 yrs held
Waukesha 2315 Mp Rk6 LLC
since 2024
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
B-5 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14,700,000
ML approach
$14,700,000
CAP Approach
CAP Return
Estimation
6%
$16,620,000
6.5%
$15,340,000
7%
$14,245,000
Blend value · Realmo final
$14.70M
Range $13.23M – $16.17M · ±10% · vs last sale $14.70M (Apr 10 2024)
Last sale anchor
$14.70M
Apr 10 2024
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
$486 / 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
$144,052
Tax year 2023
Assessed value
$9,506,000
Assessed 2023
Previous assessed
$9,506,000
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$2,991,300
Assessed improvement
$6,514,700
Total market value
$9,841,598
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
30,240 SF
Lot
3.27 ac (142,441 SF)
Zoning code
B-5
APN
WAKC1130123
UPID
US92-0040426
Jurisdiction
WAUKESHA
Zoning & alternative use
B-5 · Waukesha, WI
Zoning B-5 · permitted uses
B-5 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waukesha. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Waukesha 2315 Mp Rk6 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2024
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
Apr 10, 2024
$14,700,000
Waukesha 2315 Mp Rk6 LLC
Broadstone Fdt Wisconsin LLC
Special Warranty Deed
$175,605,000 · Bmo Bank NA
Jun 7, 2013
$12,350,000
Broadstone Fdt Wisconsin LLC
Moreland Partners LLC
Grant Deed
—
Apr 3, 2009
$4,650,000
Moreland Partners LLC
Rgm Properties LLC
Grant Deed
$8,460,000 · Westbury Bank
Jan 17, 2007
$4,500,000
Rgm Properties LLC
Rmmi LLC
Warranty Deed
—
Jan 15, 2004
$4,120,000
Rmmi LLC
Waukesha Store LLC
Grant Deed
—
—
—
Rmmi LLC
—
Deed Of Trust
related
$3,000,000 · Bank One NA
—
—
Rgm Properties LLC
—
Deed Of Trust
related
—
—
—
Rgm Properties LLC
—
Deed Of Trust
related
$2,500,000 · Lake Forest 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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