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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Commercial real estate
232nd Waukesha Ave Sussex, WI 53089-3951
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0458874
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Lot
1.63 ac (71,133 SF)
Zoning code
B
APN
SUXV0245914
UPID
US92-0458874
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Talbert Real Estate LLC · 4 yrs held
Talbert Real Estate LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
B · Sussex, 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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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
$1,385,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.10M (Jul 8 2022)
Last sale anchor
$1.10M
Jul 8 2022
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
—
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
$13,323
Tax year 2023
Assessed value
$1,054,800
Assessed 2023
Previous assessed
$992,200
+6.3% YoY
Effective rate
1.26%
On assessed value
Assessed land
$369,000
Assessed improvement
$685,800
Total market value
$1,131,400
Applied tax rate
22.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
NONE
Stories
9
Lot
1.63 ac (71,133 SF)
Zoning code
B
APN
SUXV0245914
UPID
US92-0458874
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Sussex, WIZoning B · permitted uses
B · Sussex, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Stories
9
Lot
1.63 ac
Current owner
From public records · entity-resolved
Talbert Real Estate LLC
Entity
Mailing address
232ND WAUKESHA AVE, SUSSEX, WI 53089-3951
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$1,100,000
Talbert Real Estate LLC
Am Sussex INC
Special Warranty Deed
$705,500 · Waukesha State Bank
Dec 14, 2015
$950,000
Am Sussex INC
Mnnn LLC
Warranty Deed
$1,050,000 · First Bank Financial Centre
Apr 20, 2004
$850,000
Mnnn LLC
Jag Dev Co LLC
Warranty Deed
$667,500 · Tri City National Bank
—
—
Mnnn LLC
—
Deed Of Trust
related
$100,000 · Private Individual
—
—
Mnnn LLC
—
Deed Of Trust
related
$610,103 · Associated Bank
—
—
Quick Corner Phillips 66
—
Deed Of Trust
related
$321,000 · Wisconsin Business Dev Finance
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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