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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Manufacturing properties
404 Pilot Ct Waukesha, WI 53188-2439
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0993006
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
3.45 ac (150,282 SF)
Zoning code
M-3
APN
WAKC0997080
UPID
US92-0993006
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
-
Wisconsin Metal Parts, LLC Industrial Manufacturer Production Facility
-
Lean Manufacturing Products Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Pilot Court Realty LLC · 4 yrs held
Pilot Court Realty LLC
since 2021
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
M-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizi…
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$63,897
Tax year 2023
Previous assessed
$3,100,500
Total market value
$4,357,284
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
3.45 ac (150,282 SF)
Zoning code
M-3
APN
WAKC0997080
UPID
US92-0993006
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WIZoning M-3 · permitted uses
M-3 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizing adverse effects upon the adjoining or surrounding areas
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
3.45 ac
Current owner
From public records · entity-resolved
Pilot Court Realty LLC
Entity
Mailing address
4TH BLUEMOUND RD, WAUKESHA, WI 53186-1621
Ownership since
2021
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
Aug 25, 2021
$3,950,000
Pilot Court Realty LLC
Pilot Court Industrial Property Gro
Special Warranty Deed
$4,100,000 · Wisconsin Bank & Trust
Jan 15, 2020
$3,290,000
Pilot Court Industrial Prop Group L
Grace Elizabeth LLC
Warranty Deed
$2,310,000 · Monona Bank
Feb 22, 2019
—
Grace Elizabeth LLC
—
Deed
related
$2,193,900 · Us Bank NA
Jul 1, 2016
$2,625,000
Grace Elizabeth LLC
Pllot Court Patrtnership LLP
Warranty Deed
$2,100,000 · Park Bank
—
—
Pilot Court Ptshp LLP
—
Loan Modification
related
$3,250,000 · Tcf Nat'l Bk
—
—
Pilot Court Ptshp LLP
—
Deed Of Trust
related
$1,789,093 · Tcf National 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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