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Property profile & analytics
OFF-MARKET
Manufacturing properties
2487 Commerce Dr New Berlin, WI 53151-2717
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-3391530
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
3.59 ac (156,380 SF)
Zoning code
M2
APN
NBC 1190027006
UPID
US92-3391530
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Commerce Drive Holdings LLC · 9 yrs held
Commerce Drive Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
M2 · New Berlin, 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 New Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Berlin 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
$38,950
Tax year 2023
Applied tax rate
3,925.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
3.59 ac (156,380 SF)
Zoning code
M2
APN
NBC 1190027006
UPID
US92-3391530
Jurisdiction
WAUKESHA
Zoning & alternative use
M2 · New Berlin, WIZoning M2 · permitted uses
M2 · New Berlin, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
3.59 ac
Current owner
From public records · entity-resolved
Commerce Drive Holdings LLC
Entity
Mailing address
2485 S COMMERCE DR, NEW BERLIN, WI 53151-2717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2016
—
Commerce Drive Holdings LLC
—
Deed
related
$1,762,500 · Bank Mutual
Oct 21, 2016
—
Commerce Drive Holdings LLC
—
Deed
related
$1,443,000 · Wisconsin Busn Dev Fin
Sep 8, 2016
$3,525,000
Commerce Drive Holdings LLC
Fr Investment Properties LLC
Warranty Deed
related
$3,172,500 · Bank Mutual
Sep 29, 2011
—
Fr Investment Properties LLC
—
Deed Of Trust
related
$2,072,204 · Ing Life Ins & Annunity Co
Dec 4, 2009
$1,960,000
Fr Investment Properties LLC
First Industrial Inv INC
Warranty Deed
—
Aug 24, 2007
$5,700,000
First Industrial Inv INC
Da Milwaukee LLC
Grant Deed
—
—
—
Fr Investment Properties LLC
—
Deed Of Trust
related
$2,072,204 · Ing Life Ins & Annunity Co
—
—
First Industrial Inv INC
—
Deed Of Trust
related
—
—
—
Fr Relizon LLC
—
Loan Modification
related
—
—
—
Commerce Drive Holdings LLC
—
Deed Of Trust
related
$1,762,500 · Bank Mutual
—
—
Commerce Drive Holdings LLC
—
Deed Of Trust
related
$1,443,000 · Wisconsin Busn Dev Fin
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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