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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Flex space
301 Commerce St Waukesha, WI 53186-5630
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0570516
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
FRAME
Total area
40,338 SF
Lot
3.39 ac (147,668 SF)
Zoning code
M-2
APN
WAKC1299026
UPID
US92-0570516
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
-
Think Pawsitive Dog Training - (Waukesha, WI) Animal Training
-
COVE Center of Veterinary Excellence Veterinary Clinic
-
Custom Woodcrafters General Contractor Renovation Specialist
-
Closet Tech General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$2.24M
Owner & transaction history
Prager Jacobi Properties LLC · 7 yrs held
Prager Jacobi Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
M-2 · Waukesha, 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 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%
$2,450,000
6.5%
$2,260,000
7%
$2,100,000
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±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
$55 / 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
$39,624
Tax year 2023
Assessed value
$2,619,700
Assessed 2023
Previous assessed
$2,591,400
+1.1% YoY
Effective rate
1.51%
On assessed value
Assessed land
$408,300
Assessed improvement
$2,211,400
Total market value
$2,712,186
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
1
Units
1
Rooms
8
Total area
40,338 SF
Lot
3.39 ac (147,668 SF)
Zoning code
M-2
APN
WAKC1299026
UPID
US92-0570516
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WI
Zoning M-2 · permitted uses
M-2 · 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.
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
1
Rooms
8
Lot
3.39 ac
Current owner
From public records · entity-resolved
Prager Jacobi Properties LLC
Entity
Mailing address
303 COMMERCE STB, WAUKESHA, WI 53186-5635
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
—
Prager Jacobi Properties LLC
—
Deed
related
$200,000 · Waukesha State Bank
Jan 15, 2009
—
Prager-jacobi Properties LLC
—
Trustees Deed
related
$150,000 · Ridgestone Bank
—
—
Prager Of Jacobi Properties LLC
—
Deed Of Trust
related
$428,164 · Waukesha State Bank
—
—
Prager-jacobi Properties LLC
—
Deed Of Trust
related
$150,000 · Ridgestone 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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