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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Investment properties
342 Main St Waukesha, WI 53186-4611
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0968148
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1915
Total area
7,866 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B-2
APN
WAKC1305342
UPID
US92-0968148
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
-
Waukesha Art Crawl Art Gallery
-
Almont Gallery Art Gallery
-
Tornado with Sunshine Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$735k
Owner & transaction history
S2 Real Estate Group I LLC · 2 yrs held
S2 Real Estate Group I LLC
since 2023
Last sale
$640,000
6 recorded transactions
Zoning & alternative use
B-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
$745,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,170,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,095,000
Change: -6% · Conversion: Moderate
RETAIL STORES
$1,000,000
Change: -14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$940,000
Change: -20% · Conversion: Moderate
WAREHOUSE, STORAGE
$940,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $640k (Sep 26 2023)
Last sale anchor
$640k
Sep 26 2023
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
$93 / 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
$9,609
Tax year 2023
Assessed value
$633,200
Assessed 2023
Previous assessed
$633,200
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$32,000
Assessed improvement
$601,200
Total market value
$655,555
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1915
Heating
ELECTRIC
Cooling
CENTRAL
Stories
3
Total area
7,866 SF
Lot
0.06 ac (2,614 SF)
Zoning code
B-2
APN
WAKC1305342
UPID
US92-0968148
Jurisdiction
WAUKESHA
Zoning & alternative use
B-2 · Waukesha, WI
Zoning B-2 · permitted uses
B-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$940,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1915
Heating
ELECTRIC
Cooling
Yes
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
S2 Real Estate Group I LLC
Entity
Mailing address
2925 W LINCOLN AVE, MILWAUKEE, WI 53215-2452
Ownership since
2023
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
Sep 26, 2023
$640,000
S2 Real Estate Group I LLC
Kirk Enterprises LLC
Warranty Deed
$480,000 · Landmark Cu
Mar 14, 2017
—
Kirk Ents LLC
Beckes,thomas
Quit Claim Deed
related
—
Aug 1, 2007
$540,000
Thomas Beckes
Rolison,mark D
Warranty Deed
$436,000 · Wauwatosa Savings Bank
—
—
Mark D Rolison
—
Deed Of Trust
related
$450,500 · Wauwatosa Savings Bank
—
—
Mark D Rolison
—
Deed Of Trust
related
$235,175 · Port Washington State Bank
—
—
Mark D Rolison
—
Deed Of Trust
related
$50,000 · Wauwatosa Savings 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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