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Property profile & analytics
FOR SALE
Commercial real estate
237 Harrison Ave Waukesha, WI 53186
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US92-1293135
For Sale
$1,075,000
237 Harrison Ave, Waukesha, WI 53186
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.13 ac (5,663 SF)
Zoning code
B-1
APN
WAKC1333382
UPID
US92-1293135
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
-
Total Team Construction LLC Construction Company General Contractor
-
Logical Green Solutions (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Ethereal Gold Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
501 Grand LLC · 18 yrs held
501 Grand LLC
since 2007
6 recorded transactions
Zoning & alternative use
B-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$680
Tax year 2023
Assessed value
$44,900
Assessed 2023
Previous assessed
$29,300
+53.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$44,900
Total market value
$46,485
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
For Sale
Heating
NONE
Lot
0.13 ac (5,663 SF)
Zoning code
B-1
APN
WAKC1333382
UPID
US92-1293135
Jurisdiction
WAUKESHA
Zoning & alternative use
B-1 · Waukesha, WI
Zoning B-1 · permitted uses
B-1 · 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
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
501 Grand LLC
Entity
Mailing address
237 HARRISON AVE, WAUKESHA, WI 53186-6127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Sep 19, 2024
—
501 Grand LLC
—
Deed
related
$504,675 · Bmo Bank NA
Sep 20, 2017
—
501 Grand LLC
—
Deed
related
$560,000 · Bank Of The West
Mar 31, 2009
—
501 Grand LLC
—
Trustees Deed
related
$20,000 · Ridgestone Bank
Dec 6, 2007
$455,000
501 Grand LLC
Klemp-koch Betty A Fam Trust
Warranty Deed
$484,000 · Ridgestone Bank
—
—
501 Grand LLC
—
Loan Modification
related
$489,640 · Ridgestone Bank
—
—
501 Grand LLC
—
Deed Of Trust
related
$560,000 · Bank Of The West
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?”
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