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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Parking lots & garages
431 Main St Waukesha, WI 53186-4612
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0181461
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1946
Total area
6,790 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B-2
APN
WAKC1308286
UPID
US92-0181461
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
-
Rachael Lefebvre, Realtor Real Estate Agency
-
Ciara Ridley, Realtor Real Estate Agency
-
Deb Oettinger-Realty Executives Southeast Real Estate Agency
-
Shelley Gallamore, Realtor Real Estate Agency
-
Realty Executives Southeast Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Ght Properties LLC · 5 yrs held
Ght Properties LLC
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
B-2 · 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
Method
Estimation
Statistic approach
$1,025,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $800k (Aug 13 2020)
Last sale anchor
$800k
Aug 13 2020
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
$135 / 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
$10,713
Tax year 2023
Assessed value
$706,100
Assessed 2023
Previous assessed
$579,500
+21.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$146,500
Assessed improvement
$559,600
Total market value
$731,028
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1946
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Stories
2
Total area
6,790 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B-2
APN
WAKC1308286
UPID
US92-0181461
Jurisdiction
WAUKESHA
Zoning & alternative use
B-2 · Waukesha, WI
Zoning B-2 · permitted uses
B-2 · 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
1946
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ght Properties LLC
Entity
Mailing address
431 W MAIN ST, WAUKESHA, WI 53186-4612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Ght Properties LLC
—
Deed
related
$18,196 · Waukesha City
Apr 23, 2021
—
Ght Properties LLC
—
Deed
related
$243,000 · Bank Five Nine
Sep 9, 2020
—
Ght Properties LLC
—
Deed
related
$408,500 · First Bk
Aug 13, 2020
$800,000
Ght Properties LLC
Hekkers Trust
Deed
$326,800 · Bank Five Nine
May 2, 2007
—
Thomas Hekkers
Hekkers,thomas & Victoria
Quit Claim Deed
related
—
Mar 6, 2000
$80,000
Charles W Rankin
Wood,harry L
Grant Deed
$79,971 · Seller
Apr 21, 1999
$853,000
Charles W Rankin
Wood,harry L
Grant Deed
—
—
—
Thomas Hekkers
—
Deed Of Trust
related
$130,000 · Waukesha State Bank
—
—
Ght Properties LLC
—
Deed Of Trust
related
$408,500 · First Bk
—
—
Ght Properties LLC
—
Deed Of Trust
related
$339,000 · Private Individual
—
—
Thomas J Hekkers
—
Deed Of Trust
related
$130,000 · Waukesha State Bank
—
—
Thomas Hekkers
—
Deed Of Trust
related
$130,000 · Waukesha State 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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