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Property profile & analytics
OFF-MARKET
Investment properties
407 Grand Ave Waukesha, WI 53186-4913
Individually Owned
1-yr Hold
Free & Clear
Property ID
US92-0175970
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1890
Total area
2,532 SF
Lot
0.19 ac (8,276 SF)
Zoning code
B-3
APN
WAKC1308159
UPID
US92-0175970
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James Smith · 1 yrs held
James Smith
since 2025
Last sale
$162,000
6 recorded transactions
Zoning & alternative use
B-3 · 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
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
$2,895
Tax year 2023
Assessed value
$192,000
Assessed 2023
Previous assessed
$152,500
+25.9% YoY
Effective rate
1.51%
On assessed value
Assessed land
$95,100
Assessed improvement
$96,900
Total market value
$198,778
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
1890
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
2,532 SF
Lot
0.19 ac (8,276 SF)
Zoning code
B-3
APN
WAKC1308159
UPID
US92-0175970
Jurisdiction
WAUKESHA
Zoning & alternative use
B-3 · Waukesha, WI
Zoning B-3 · permitted uses
B-3 · 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.
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
James Smith
Individual
Free & Clear · 1 yrs held
Mailing address
315TH LAKECREST CT, MUKWONAGO, WI 53149-9389
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
$260,000
James Smith
Mayer Homes LLC
Warranty Deed
—
Feb 18, 2020
$162,000
Mayer Homes LLC
407 N Grand Partnership
Warranty Deed
$129,000 · Waukesha State Bank
Jan 6, 2015
$69,000
407 N Grand Ptshp
Quality Fireplace INC
Quit Claim Deed
related
—
Jan 6, 2014
$69,000
Quality Fireplace INC
Waterstone Bk Ssb
Quit Claim Deed
related
—
Dec 26, 2012
$148,163
Waterstone Bk Ssb
Sheriff Of Waukesha County
Trustees Deed
related
—
Sep 27, 2005
$164,000
Michael Henry
Grand Properties LLC
Quit Claim Deed
related
$150,000 · 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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