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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Commercial real estate
2400 Milwaukee St Delafield, WI 53018
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0305680
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.89 ac (82,154 SF)
Zoning code
B
APN
DELC0803001
UPID
US92-0305680
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
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.34M
Owner & transaction history
Lucky Real Estate LLC · 2 yrs held
Lucky Real Estate LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
B · Delafield, 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 Delafield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delafield 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
$3,570,000
ML approach
$3,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.10M (Nov 29 2023)
Last sale anchor
$3.10M
Nov 29 2023
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
$43,722
Tax year 2023
Assessed value
$2,951,500
Assessed 2023
Previous assessed
$2,951,500
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,277,600
Assessed improvement
$1,673,900
Total market value
$3,676,900
Applied tax rate
19.0000
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
Heating
NONE
Stories
1
Lot
1.89 ac (82,154 SF)
Zoning code
B
APN
DELC0803001
UPID
US92-0305680
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Delafield, WI
Zoning B · permitted uses
B · Delafield, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delafield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Lucky Real Estate LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Lucky Real Estate LLC
—
Deed
related
$2,550,000 · Tri City National Bank
Nov 29, 2023
$3,100,000
Lucky Real Estate LLC
Delafield Realty LLC
Warranty Deed
$1,000,000 · Tri City National Bank
Dec 8, 2016
—
Delafield Realty LLC
—
Deed
related
$1,150,000 · Associated Bank NA
Dec 15, 2006
$2,500,000
Delafield Realty LLC
Cnl Net Lease Funding 2003 LLC
Special Warranty Deed
$2,002,700 · M & I Marshall & Ilsley Bank
Dec 14, 2005
$2,231,000
Cnl Net Lease Funding 2003 LLC
Cbtm Properties LLC
Warranty Deed
$2,245,455 · Wells Fargo Bank NA
Sep 14, 2000
$950,000
Cbt LLC
Emm Holdings INC
Grant Deed
$7,500,000 · Wells Fargo Bank Wisconsin NA
May 17, 2000
$717,500
Emm Holdings INC
Vanert,allen L & Angeline E
Grant Deed
related
—
—
—
Cbt LLC
—
Deed Of Trust
related
$1,590,750 · Cit Lending Services Corp
—
—
Emm Holdings INC
—
Deed Of Trust
related
$500,000 · Individual
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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