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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Commercial real estate
405 Okeeffe Ave Sun Prairie, WI 53590-2564
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1017219
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Construction
METAL FRAME
Total area
22,025 SF
Lot
2.2 ac (96,006 SF)
APN
0811-072-9200-5
UPID
US92-1017219
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.25M
Owner & transaction history
Rpp LLC · 1 yrs held
Rpp LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
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 Sun Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Prairie 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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,185,000
Current use
WAREHOUSE, STORAGE
$2,990,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Oct 21 2024)
Last sale anchor
$2.25M
Oct 21 2024
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
$102 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$43,460
Tax year 2022
Assessed value
$2,450,500
Assessed 2023
Previous assessed
$1,793,200
+36.7% YoY
Effective rate
1.77%
On assessed value
Assessed land
$637,100
Assessed improvement
$1,813,400
Total market value
$2,450,800
Applied tax rate
5,656.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
22,025 SF
Lot
2.2 ac (96,006 SF)
APN
0811-072-9200-5
UPID
US92-1017219
Jurisdiction
DANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
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
1990
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Rpp LLC
Entity
Mailing address
100 WILBURN RD STE #112, SUN PRAIRIE, WI 53590-1478
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
$2,250,000
Rpp LLC
G&b Joint Venture
Deed
$2,025,000 · G&b Joint Venture
Dec 4, 2013
—
G & B Joint Venture LLC
G S Prairie LLC
Quit Claim Deed
related
—
Jan 3, 2013
—
Gs Prairie LLC
Gallagher,edmund J
Quit Claim Deed
related
—
—
—
G & B Joint Venture LLC
—
Deed Of Trust
related
$1,332,953 · Bank Of Sun Prairie
—
—
G & B Joint Venture LLC
—
Deed Of Trust
related
$1,418,869 · Bank Of Sun Prairie
—
—
Edmund J Gallagher
—
Deed Of Trust
related
$1,050,000 · Bank Of Sun Prairie
—
—
G & B Jv LLC
—
Deed Of Trust
related
$189,930 · Edmund J Gallagher
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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