Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    443 Main St Waukesha, WI 53186-4612
    Back to Search
    Property profile & analytics

    443 Main St, Waukesha, WI 53186-4612

    View on Map
    • Investment properties
    • 2,473 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Apr 20, 2021
    $286,000
    Property ID
    US92-1144114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day Break Massage / Alternative Medicine Practice / Spa & Massage Center
    • Moxie Beauty Lounge / Hair Salon / Nail Salon

    Property Details for 443 Main St

    Year built
    1930
    Lot size
    0.12 lot acres
    Zone code
    B-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    WAKC1308288
    APU
    WAKC1308288

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 20, 2021 $286,000 Green Earth INC Wc443 LLC Warranty Deed $229k · Us Bank NA
    Aug 23, 2013 — Wc443 LLC Lepien,wayne J & Carol A Warranty Deed —
    Nov 2, 1998 $80,000 Wayne J Lepien Velleman,brian Grant Deed $80k · Waukesha State Bank
    — — Wc443 LLC — Deed Of Trust · related $115k · Waukesha State Bank
    — — Wayne J Lepien — Deed Of Trust · related $100k · Waukesha State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2352
    Latitude
    43.0103
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,205
    $70,300
    $208,200
    $278,500
    -
    $0.00
    $0.00
    $288,332

    Comparable in this City

    • Value Estimation
      $1,545,000
      11,846 SF

      735 Pleasant St

      STORE/OFFICE (MIXED USE)
      735 Pleasant St, Waukesha, WI 53186-2413
      View Details
    • Value Estimation
      $895,000
      5,125 SF

      137 Broadway

      STORE/OFFICE (MIXED USE)
      137 Broadway, Waukesha, WI 53186
      View Details
    • Value Estimation by Request
      2,896 SF

      230 Broadway

      STORE/OFFICE (MIXED USE)
      230 Broadway, Waukesha, WI 53186-4805
      View Details
    • Value Estimation
      $1,085,000
      9,687 SF

      419 Broadway

      STORE/OFFICE (MIXED USE)
      419 Broadway, Waukesha, WI 53186-5082
      View Details
    • Value Estimation by Request
      1,280 SF

      805 Clinton St

      STORE/OFFICE (MIXED USE)
      805 Clinton St, Waukesha, WI 53186-4708
      View Details
    • Value Estimation by Request
      1,836 SF

      1801 Coral Dr

      STORE/OFFICE (MIXED USE)
      1801 Coral Dr, Waukesha, WI 53186-5353
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,989 SF

      Waukesha Retail and Office Space

      11,989 SqFt retail and office property for sale.
      501 S Grand Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Land for Lease or Build-to-Suit

      2.4 acre site ideal for retail, office, or medical.
      Kossow Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing
      8,468 SF

      Single-Tenant Office Building

      Institutional-quality suburban office building offered with a new lease to a strong local tenant.
      N20 Watertown Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Commercial Lot Near Highway 164

      4.27 AC commercial lot with high traffic count.
      Dolphin Dr, Waukesha, WI 53186
      View Details
    • $184,900
      0.19 Acres

      Waukesha Multifamily Rehab Opportunity

      Four-unit multifamily property in Waukesha, ideal for investors/rehabbers.
      206 Maple Ave, Waukesha, WI 53186
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Waukesha, Wisconsin.
      1230 S West Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing
      4,836 SF

      Waukesha Office Space For Rent

      Office space for rent with convenient highway access.
      20855 Watertown Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing
      1,067 SF

      Class A Office Space Available

      Class A office buildings with excellent amenities and highway visibility.
      20800 Swenson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      2,575 SF

      Waukesha Flex/Industrial Space Available

      Flex/industrial space available for rent in Waukesha, Wisconsin.
      W220 Jericho Ct, Waukesha, WI 53186
      View Details
    • Contact for pricing
      7,025 SF

      Waukesha Retail Space Available

      7,025 SF retail space for rent in Waukesha, WI.
      530 W Sunset Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      3,000 SF

      High-Traffic Drive-Thru Location

      High-visibility drive-thru location with 148,700 vehicles per day.
      1400 Westwood Dr, Waukesha, WI 53186
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    443 Main St
    Waukesha, WI 53186-4612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    443 Main St, Waukesha, WI, 53186
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!