Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,735,000
Retail properties & Spaces
2320 Bluemound Rd Waukesha, WI 53186-2916
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-1178880
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1999
Total area
115,250 SF
Lot
14.45 ac (629,442 SF)
Zoning code
B-5
APN
WAKC1127018
UPID
US92-1178880
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
-
Penske Truck Rental Car Rental Facility
-
Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Garden Center at The Home Depot Garden Center
-
The Home Depot Building Supply Hardware & Home Improvement
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.35M
Blend (final)
Blend
$10.74M
Owner & transaction history
Vereit Du Waukesha Wi LLC · 8 yrs held
Vereit Du Waukesha Wi LLC
since 2017
2 recorded transactions
Zoning & alternative use
B-5 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.1M
+16.8%
Apartment house (5+ units)
$16.0M
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,665,000
Current use
COMMERCIAL (GENERAL)
$17,125,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$16,020,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,780,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,740,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.74M
Range $9.66M – $11.81M · ±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
$93 / 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
$159,690
Tax year 2023
Assessed value
$10,529,500
Assessed 2023
Previous assessed
$10,434,500
+0.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$6,439,100
Assessed improvement
$4,090,400
Total market value
$10,901,232
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
115,250 SF
Lot
14.45 ac (629,442 SF)
Zoning code
B-5
APN
WAKC1127018
UPID
US92-1178880
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$17.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.0M
INDUSTRIAL (GENERAL)
Est. value
$13.8M
WAREHOUSE, STORAGE
Est. value
$13.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
14.45 ac
Current owner
From public records · entity-resolved
Vereit Du Waukesha Wi LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3800 TABS DR, UNIONTOWN, OH 44685-9564
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2017
$5,518,500
Vereit Du Waukesha Wi LLC
Ktj 276 LLC
Grant Deed
—
Jun 12, 2017
$920,000
Ktj 276 LLC
Home Depot USA INC
Special Warranty Deed
$3,299,041 · Tradition Capital 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2320 Bluemound Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
