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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Drug stores
2700 Grandview Blvd, Waukesha, WI 53188-1611
Entity Owned
~
Est. High Equity
Property ID
US92-3519019
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Total area
14,567 SF
Lot
1.82 ac (79,279 SF)
Zoning code
B-5 (PUD)
APN
WAKC0974089
UPID
US92-3519019
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Walgreens Pharmacy
-
Jennifer A. Lindner, PharmD Pharmacy
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.23M
Owner & transaction history
Ventor Ave Wg LLC
Ventor Ave Wg LLC
since 2025
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.1M
+119.3%
Restaurant
$4.0M
+114.5%
Office building
$3.5M
+88.0%
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%
$3,440,000
6.5%
$3,175,000
7%
$2,950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,065,000
Change: +119% · Conversion: Difficult
RESTAURANT
$3,975,000
Change: +114% · Conversion: Easy
OFFICE BUILDING
$3,485,000
Change: +88% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,115,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $3.53M (Dec 8 2025)
Last sale anchor
$3.53M
Dec 8 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
$222 / 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
$38,443
Tax year 2023
Assessed value
$2,537,100
Assessed 2023
Previous assessed
$2,675,000
-5.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,664,900
Assessed improvement
$872,200
Total market value
$2,626,669
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,567 SF
Lot
1.82 ac (79,279 SF)
Zoning code
B-5 (PUD)
APN
WAKC0974089
UPID
US92-3519019
Jurisdiction
WAUKESHA
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Zoning 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
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Ventor Ave Wg LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$3,525,000
Ventor Ave Wg LLC
Gma Krantz Properties Limited Partn
Special Warranty Deed
$2,595,000 · Bank Of Tennessee
Jan 12, 2010
—
Gma Krantz Properties LP
Krantz,george & Mary A
Quit Claim Deed
related
—
Dec 12, 2008
$5,542,900
Krantz George
Grandview Plaza I LLC
Warranty Deed
$1,650,000 · Tri City National Bank
—
—
Gma Krantz Properties LP
—
Deed Of Trust
related
$2,329,745 · Tri City National Bank
—
—
Gma Krantz Properties LP
—
Deed Of Trust
related
$740,000 · Tri City National Bank
—
—
Gma Krantz Properties LP
—
Deed Of Trust
related
$1,648,900 · 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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