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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Warehouses
405 Wilmont Dr Waukesha, WI 53189-7914
Individually Owned
~
Est. High Equity
Property ID
US92-0185117
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
13,218 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-2
APN
WAKC1356132
UPID
US92-0185117
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
-
Seville Imports Inc Big Box & Wholesale Store Food Market
-
J L Fiber Services Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.34M
Owner & transaction history
United Union Of Roofers Waterproofe
United Union Of Roofers Waterproofe
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
M-2 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.9M
+19.4%
Retail stores
$1.7M
+4.7%
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
$1,435,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,605,000
Current use
COMMERCIAL (GENERAL)
$1,920,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,680,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,580,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.31M (Dec 17 2025)
Last sale anchor
$1.31M
Dec 17 2025
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
$101 / 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
$11,855
Tax year 2023
Assessed value
$783,600
Assessed 2023
Previous assessed
$661,500
+18.5% YoY
Effective rate
1.51%
On assessed value
Assessed land
$195,000
Assessed improvement
$588,600
Total market value
$811,264
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
13,218 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-2
APN
WAKC1356132
UPID
US92-0185117
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WIZoning M-2 · permitted uses
M-2 · 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 manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
United Union Of Roofers Waterproofe
Individual
Mailing address
6625 CHARLES ST, CALEDONIA, WI 53402-1571
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
$1,310,000
United Union Of Roofers Waterproofe
Wilmont LLC
Warranty Deed
$1,048,000 · Associated Bank NA
Mar 4, 2022
$797,900
Wilmont LLC
Js Wilmont Property LLC
Warranty Deed
$478,000 · Old National Bank
Jun 1, 2018
—
Js Wilmont Property LLC
—
Deed
related
$370,000 · Waukesha State Bank
May 17, 2018
$732,700
Js Wilmont Property LLC
Seville Imports R/e LLC
Warranty Deed
—
Mar 12, 2015
—
Medina Garvey Sa
Seville Imports R/e LLC
Warranty Deed
—
Feb 3, 2010
—
Seville Imports R/e LLC
—
Trustees Deed
related
$451,084 · Associated Bank
Dec 30, 2009
—
Seville Imports R/e LLC
Seville Imports INC
Quit Claim Deed
related
—
Feb 27, 2009
$612,000
Seville Imports INC
Grays Real Estate Inv LLC
Warranty Deed
$525,000 · Associated Bank
Jun 10, 2008
—
Grays Real Estate Inv LLC
Gray,david T & Jean M
Quit Claim Deed
—
Sep 17, 1999
—
David T Gray
—
Grant Deed
related
$381,000 · First Banking Center
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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