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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Auto shops
2480 Sunset Dr Waukesha, WI 53189-6325
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-0839050
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Total area
5,980 SF
Lot
1.27 ac (55,321 SF)
Zoning code
B-5 (PUD)
APN
WAKC1328022
UPID
US92-0839050
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
-
Richlonn's Tire & Service Centers (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$955k
Owner & transaction history
Nnn Reit LP
Nnn Reit LP
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations along principle highway routes and through highways of those businesses and customer services which are logically related and dependent upon highway traffic or which are specifically designated to serve the needs of such traffic, The PUD Overlay District is intended to permit develop…
Zone name
Community Business Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
232.37 ac
Source
Realmo
Top alternative use upside
Medical building
$990,000
+13.0%
Restaurant
$965,000
+10.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$875,000
Current use
MEDICAL BUILDING
$990,000
Change: +13% · Conversion: Difficult
RESTAURANT
$965,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.33M (Jul 15 2025)
Last sale anchor
$1.33M
Jul 15 2025
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
$160 / 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
$10,622
Tax year 2023
Assessed value
$700,100
Assessed 2023
Previous assessed
$676,200
+3.5% YoY
Effective rate
1.52%
On assessed value
Assessed land
$315,100
Assessed improvement
$385,000
Total market value
$724,816
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,980 SF
Lot
1.27 ac (55,321 SF)
Zoning code
B-5 (PUD)
APN
WAKC1328022
UPID
US92-0839050
Jurisdiction
WAUKESHA
Zoning & alternative use
B-5 (PUD) · Waukesha, WIZoning B-5 (PUD) · permitted uses
B-5 (PUD) · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations along principle highway routes and through highways of those businesses and customer services which are logically related and dependent upon highway traffic or which are specifically designated to serve the needs of such traffic, The PUD Overlay District is intended to permit development that will, over a period of time, be enhanced by coordinated area site planning, diversified location of structures, diversified building heights and types, or mixing of compatible uses
Zone name
Community Business Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
232.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$875,000
MEDICAL BUILDING
Est. value
$990,000
RESTAURANT
Est. value
$965,000
OFFICE BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Mailing address
171ST LANNON DR APT #308, MUSKEGO, WI 53150-9444
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$1,333,400
Nnn Reit LP
Dytech Re Holdings LLC
Warranty Deed
—
Oct 15, 2025
—
Nnn Reit LP
Dytech Re Holdings LLC
Deed
—
Oct 15, 2025
$1,325,000
Dytech Re Holdings LLC
Kiwiland LLC
Special Warranty Deed
—
Oct 12, 2020
—
Kiwiland LLC
—
Deed
related
$300,000 · Waterstone Bk Ssb
Jun 2, 2016
—
Kiwiland LLC
—
Deed Of Trust
related
$150,000 · Waterstone Bk Ssb
—
—
Kiwiland LLC
—
Deed Of Trust
related
$289,298 · Tri City National Bank
—
—
Richard F Matschke
—
Deed Of Trust
related
$100,000 · Tri City National Bank
—
—
Kiwiland LLC
—
Deed Of Trust
related
$976,178 · Layton State Bank
—
—
Kiwiland LLC
—
Deed Of Trust
related
$150,000 · Layton State Bank
—
—
Kiwiland LLC
—
Deed Of Trust
related
$820,250 · Waterstone Bk Ssb
—
—
Kiwiland LLC
—
Loan Modification
related
$300,000 · Waterstone Bk Ssb
—
—
Kiwiland LLC
—
Deed Of Trust
related
$100,000 · Tri City National Bank
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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