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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    337 Main St Waukesha, WI 53186-4610

    • Turn key restaurants
    • 2,816 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1989028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • People’s Park / American Restaurant / Cocktail Bar

    Property Details for 337 Main St

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    2,816 SF
    Zone code
    B-2
    Property type
    Turn key restaurants
    APN
    WAKC1308251001
    APU
    WAKC1308251001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $726,000
      Market price range: $555k - $1.14M
      AI Estimate
      $468,000
      Market price range: $266k - $629k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $675,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2327
    Latitude
    43.011
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,500
    $45,700
    $514,300
    $560,000
    -
    $0.00
    $0.00
    $579,770

    Comparable in this City

    • Value Estimation
      $710,000
      10,665 SF

      1673 Arcadian Ave

      RESTAURANT • 10,665 SF
      1673 Arcadian Ave, Waukesha, WI 53186-5391
      View Details
    • Value Estimation by Request
      4,241 SF

      408 Main St

      RESTAURANT • 4,241 SF
      408 Main St, Waukesha, WI 53186-5065
      View Details
    • Value Estimation
      $1,455,000
      3,590 SF

      1538 Moreland Blvd

      RESTAURANT • 3,590 SF
      1538 Moreland Blvd, Waukesha, WI 53186-3913
      View Details
    • Value Estimation
      $600,000
      6,256 SF

      319 Williams St

      RESTAURANT • 6,256 SF
      319 Williams St, Waukesha, WI 53186-4711
      View Details
    • Value Estimation
      $635,000
      8,188 SF

      2503 Plz Ct

      RESTAURANT • 8,188 SF
      2503 Plz Ct, Waukesha, WI 53186-1918
      View Details
    • Value Estimation
      $325,000
      5,971 SF

      930 Fleetfoot Dr

      RESTAURANT • 5,971 SF
      930 Fleetfoot Dr, Waukesha, WI 53186-6306
      View Details

    Similar Nearby for Sale

    • $1,750,000
      1 SF

      Restaurant Property in High-Traffic Area

      Restaurant property with drive-thru, patio, and high visibility.
      2423 Kossow Rd, Vernon, WI 53186
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    • $1,075,000
      11,989 SF

      Waukesha Retail Center - High Occupancy

      Prime Waukesha storefront, strong cash flow.
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    • $675,000
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      High-Visibility Commercial Property For Sale

      Commercial property with updated systems, ideal for various business uses.
      1344 Whiterock Ave, Waukesha, WI 53186
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    • $1,075,000
      11,989 SF

      Waukesha Executive Office Building

      Prime Waukesha location, 2,000 rentable sq ft.
      501 Grand Ave, Waukesha, WI 53186
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      Waukesha Retail Strip Center

      100% occupied retail strip center in affluent Milwaukee suburb.
      120 E Sunset Dr, Waukesha, WI 53186
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    • $579,900
      3,700 SF

      Waukesha Tavern & Potential Units

      Established Bar, Expansion Opportunity, High Traffic
      512 Lincoln Ave, Waukesha, WI 53186
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,280 SF

      Commercial Kitchen and Flex Space

      Commercial kitchen and flex space available for rent.
      1930 West Bluemound Rd, Waukesha, WI 53186
      View Details
    • $7 SF/Yr
      11,989 SF

      Grand Avenue Executive Office Space

      Waukesha Office Building - For Sale
      501 Grand Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing
      968,979 SF

      RidgeView Corporate Park: Retail Space

      Prime Waukesha County retail space available.
      F Ridgeview Pkwy & Hwy, Waukesha, WI 53186
      View Details
    • Contact for pricing
      32,861 SF

      Waukesha Retail Center Opportunity

      Prime Waukesha location, flexible spaces available.
      139 Broadway St, Waukesha, WI 53186
      View Details
    • Contact for pricing
      900 SF

      Retail Space with High Visibility

      Retail space available with high traffic and full access.
      12400-12450 W National Ave, New Berlin, WI 53186
      View Details
    • $12 SF/Yr
      14,800 SF

      Retail Space on Greenfield Avenue

      Retail space with high visibility and dedicated turn lane.
      14005-14199 W Greenfield Ave, New Berlin, WI 53186
      View Details
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    337 Main St
    Waukesha, WI 53186-4610
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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