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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Investment properties
2410 Moreland Blvd Waukesha, WI 53186-2903
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0742081
Property summary
AI-generated overview
This exceptional 13,731-square-foot retail warehouse outlet is ideally situated on a 1.48-acre lot at 2410 E Moreland Boulevard in Waukesha, Wisconsin, zip code 53186. Built in 1996, the property boasts a single-tenant occupancy, offering a significant opportunity for a new business or expansion. The building is currently vacant, presenting a blank canvas for customization and immediate occupancy. Ample parking is available with 60 stalls. The property is zoned B-5 Commercial, allowing for a variety of uses within Waukesha County. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a substantial footprint in a thriving market. The expansive space provides flexibility for various retail or warehouse operations. The 1.48-acre lot offers potential for future expansion or outdoor storage. This is a rare opportunity to acquire a significant commercial property in a desirable Waukesha location. The property's size, zoning, and parking make it a highly versatile asset. Serious inquiries only.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1996
Total area
16,243 SF
Lot
1.48 ac (64,469 SF)
Zoning code
B-5
APN
WAKC1127986001
UPID
US92-0742081
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
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
Pet World Warehouse Outlet (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$2.94M
Owner & transaction history
Dpmd LLC · 7 yrs held
Dpmd LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-5 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+83.7%
Office building
$3.9M
+61.0%
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%
$3,215,000
6.5%
$2,970,000
7%
$2,755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
RESTAURANT
$4,435,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$3,885,000
Change: +61% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,260,000
Change: -6% · Conversion: Moderate
RETAIL STORES
$2,065,000
Change: -14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,940,000
Change: -20% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,935,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$181 / 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
$27,993
Tax year 2023
Assessed value
$1,847,100
Assessed 2023
Previous assessed
$1,881,200
-1.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$676,900
Assessed improvement
$1,170,200
Total market value
$1,912,310
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
16,243 SF
Lot
1.48 ac (64,469 SF)
Zoning code
B-5
APN
WAKC1127986001
UPID
US92-0742081
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Dpmd LLC
Entity
Mailing address
84TH APPLETON AVE, MENOMONEE FALLS, WI 53051-4060
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
—
Funwauk Re LLC
—
Deed
related
$2,700,000 · First Mid Bank & Trust NA
Aug 12, 2019
—
Dpmd LLC
—
Deed
related
$780,000 · Bmo Harris Bk NA
May 17, 2019
$1,550,000
Dpmd LLC
Diane K Reppert Revocable Trust
Warranty Deed
$780,000 · Bmo Harris Bank NA
—
—
Dpmd LLC
—
Deed Of Trust
related
$780,000 · Bmo Harris Bk NA
—
—
Dpmd LLC
—
Deed Of Trust
related
$644,000 · Private 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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