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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Warehouses
2345 Ml Rd Glendale, WI 53209-3358
Entity Owned
~
Est. High Equity
Property ID
US92-3493573
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Total area
8,800 SF
Lot
1.22 ac (53,274 SF)
APN
160-9015-000
UPID
US92-3493573
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
$2.07M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Glendale Storage LLC
Glendale Storage LLC
since 2026
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+187.1%
Restaurant
$1.1M
+180.1%
Auto repair, garage
$1.1M
+162.7%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
$1,980,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: +187% · Conversion: Difficult
RESTAURANT
$1,120,000
Change: +180% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: +163% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.56M (Apr 13 2021)
Last sale anchor
$1.56M
Apr 13 2021
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
$193 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,335
Tax year 2022
Assessed value
$730,000
Assessed 2022
Previous assessed
$730,000
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$125,000
Assessed improvement
$605,000
Total market value
$880,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
4
Total area
8,800 SF
Lot
1.22 ac (53,274 SF)
APN
160-9015-000
UPID
US92-3493573
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1976
Heating
NONE
Buildings
4
Lot
1.22 ac
Current owner
From public records · entity-resolved
Glendale Storage LLC
Entity
Mailing address
200 W MAIN ST, WAUKESHA, WI 53186-4604
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
$1,781,300
Glendale Storage LLC
Sac Glendale LLC
Warranty Deed
related
$1,680,000 · Landmark Credit Union
Oct 20, 2025
—
Sac Glendale LLC
—
Deed
related
$100,000 · Tri City National Bank
Apr 13, 2021
$1,560,000
Sac Glendale LLC
Rosewood Property Management LLC
Warranty Deed
$1,170,000 · Tri City National Bank
Dec 29, 2020
—
Rosewood Property Management LLC
—
Deed
related
$100,000 · Greenwood State Bank
Feb 15, 2013
$950,000
Rosewood Property Mgmt LLC
Birchwood Mill Road LLC
Dual Purpose Document
$95,000 · Birchwood Mill Road LLC
Jul 30, 2007
$25,750
Birchwood Mill Road LLC
Kassander,jon & Kelly
Warranty Deed
—
—
—
Jon Kassander
—
Deed Of Trust
related
—
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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