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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Commercial real estate
2885 Mayfair Rd Wauwatosa, WI 53222-4404
Entity Owned
6-yr Hold
Free & Clear
Property ID
US92-0827074
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Total area
10,075 SF
Lot
0.83 ac (36,155 SF)
Zoning code
C2
APN
299-9989-00
UPID
US92-0827074
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
$1.84M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.82M
Owner & transaction history
Advent Re Holdco 1 LLC · 6 yrs held
Advent Re Holdco 1 LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
C2 · Wauwatosa, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Zone name
General Commercial
General category
MIXED_USE
Zone area
540.08 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$2.2M
+141.0%
Restaurant
$1.3M
+40.3%
Auto repair, garage
$1.2M
+31.6%
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 Wauwatosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wauwatosa 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
$1,800,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
$2,050,000
6.5%
$1,895,000
7%
$1,755,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,200,000
Change: +141% · Conversion: Moderate
RESTAURANT
$1,280,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,200,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.31M (Jul 28 2020)
Last sale anchor
$1.31M
Jul 28 2020
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
$180 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$70,125
Tax year 2022
Assessed value
$3,220,600
Assessed 2022
Previous assessed
$3,220,600
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$720,200
Assessed improvement
$2,500,400
Total market value
$3,816,800
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
Year built
1969
Heating
NONE
Total area
10,075 SF
Lot
0.83 ac (36,155 SF)
Zoning code
C2
APN
299-9989-00
UPID
US92-0827074
Jurisdiction
MILWAUKEE
Zoning & alternative use
C2 · Wauwatosa, WIZoning C2 · permitted uses
C2 · Wauwatosa, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Zone name
General Commercial
General category
MIXED_USE
Zone area
540.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
Advent Re Holdco 1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2885 N MAYFAIR RD, WAUWATOSA, WI 53222-4404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 28, 2020
$1,750,000
Advent Re Holdco 1 LLC
Advent Prop Mgmt Co LLC
Grant Deed
related
—
Aug 12, 2014
$1,305,000
Advent Property Management Company
C A Mayfair Road LLC
Warranty Deed
$1,056,000 · Associated Bank NA
Jan 19, 2011
—
Ca Mayfair Road LLC
Levendusky,john P & Eric J
Quit Claim Deed
related
—
Jan 14, 2011
—
John P Levendusky
Coin Appliances INC
Quit Claim Deed
related
—
—
—
Advent Property Mgmt Co LLC
—
Loan Modification
related
$2,640,000 · Associated Bk
—
—
Advent Property Mgmt Co LLC
—
Loan Modification
related
$3,668,847 · Associated Bk
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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