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    369 Main St Waukesha, WI 53186-4613
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    Property profile & analytics

    369 Main St, Waukesha, WI 53186-4613

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    • Investment properties
    • 5,602 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Jan 31, 2024
    Property ID
    US92-1033457
    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.
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Healing Touch Theraputic Massage, llc / Alternative Medicine Practice / Spa & Massage Center
    • AAA Karate & Kobudo Studios / Training Center / Sports School
    • AAA-Authentic Ancient Arts / Training Center / Sports School

    Property Details for 369 Main St

    Year built
    1900
    Lot size
    0.08 lot acres
    Zone code
    B-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    WAKC1308269
    APU
    WAKC1308269

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2024 — Karate Kobudo International LLC Neil Stolsmark Warranty Deed —
    Dec 19, 2019 — Neil Stolsmark — Deed · related $100k · First Citizens State Bank
    Aug 6, 2019 — Neil R Stolsmark — Deed · related $150k · First Citizens State Bank
    Sep 5, 2018 — Neil R Stolsmark — Deed · related $29k · Waukesha State Bank
    — — Neil R Stolsmark — Deed Of Trust · related $305k · First Citizens State Bank
    — — Neil R Stolsmark — Deed Of Trust · related $41k · F&m Bank
    — — Neil R Stolsmark — Deed Of Trust · related $275k · First Citizens State Bank
    — — Neil R Stolsmark — Deed Of Trust · related —
    — — Neil R Stolsmark — Deed Of Trust · related $291k · First Citizens State Bank
    — — Neil R Stolsmark — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $590,000
      Market price range: $358k - $1.36M
      AI Estimate
      $446,000
      Market price range: $304k - $983k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $780,000
      Change: -6% Conversion: Moderate
      RETAIL STORES
      $715,000
      Change: -14% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $670,000
      Change: -20% Conversion: Moderate
      WAREHOUSE, STORAGE
      $670,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2334
    Latitude
    43.0107
    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
    $5,010
    $46,900
    $280,100
    $327,000
    -
    $0.00
    $0.00
    $338,545

    Comparable in this City

    • Value Estimation
      $1,545,000
      11,846 SF

      735 Pleasant St

      STORE/OFFICE (MIXED USE)
      735 Pleasant St, Waukesha, WI 53186-2413
      View Details
    • Value Estimation by Request
      1,159 SF

      366 Main St

      STORE/OFFICE (MIXED USE)
      366 Main St, Waukesha, WI 53186-4611
      View Details
    • Value Estimation by Request
      6,252 SF

      245 Main St

      STORE/OFFICE (MIXED USE)
      245 Main St, Waukesha, WI 53186-4623
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    • Value Estimation by Request
      3,082 SF

      910 Moreland Blvd

      STORE/OFFICE (MIXED USE)
      910 Moreland Blvd, Waukesha, WI 53186-2505
      View Details
    • Value Estimation
      $1,035,000
      4,617 SF

      315 Pr Ave

      STORE/OFFICE (MIXED USE)
      315 Pr Ave, Waukesha, WI 53186-5922
      View Details
    • Value Estimation by Request
      2,564 SF

      336 Wisconsin Ave

      STORE/OFFICE (MIXED USE)
      336 Wisconsin Ave, Waukesha, WI 53186-4774
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,989 SF

      Waukesha Retail and Office Space

      11,989 SqFt retail and office property for sale.
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      View Details
    • Contact for pricing
      8,468 SF

      Single-Tenant Office Building

      Institutional-quality suburban office building offered with a new lease to a strong local tenant.
      N20 Watertown Rd, Waukesha, WI 53186
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      Land for Lease or Build-to-Suit

      2.4 acre site ideal for retail, office, or medical.
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      Commercial Lot Near Highway 164

      4.27 AC commercial lot with high traffic count.
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    • $184,900
      0.19 Acres

      Waukesha Multifamily Rehab Opportunity

      Four-unit multifamily property in Waukesha, ideal for investors/rehabbers.
      206 Maple Ave, Waukesha, WI 53186
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    Similar Nearby for Lease

    • Contact for pricing

      Waukesha Office Space For Lease

      Office space available for lease in Waukesha, Wisconsin.
      20855 Watertown Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Retail Space in Waukesha Heart

      Retail space in vibrant Waukesha, close to local attractions.
      139 E Broadway St, Waukesha, WI 53186
      View Details
    • Contact for pricing
      3,016 SF

      Former Salon Space Available

      Former salon space with plumbing and open-concept layout.
      1714-1718 Manhattan Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease.
      21675 Doral Rd, Waukesha, WI 53186
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    • Contact for pricing

      Modern Commercial Space in Waukesha

      Like-new commercial property with flexible floor plans and ample parking.
      N8 Johnson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      7,029 SF

      Waukesha County Flexible Space

      Office and warehouse spaces with private entrances and restrooms.
      20900 Swenson Dr, Waukesha, WI 53186
      View Details
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    Waukesha, WI 53186-4613
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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.

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