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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Individual retail properties
500 Broadway, Waukesha, WI 53186-5505
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-3366620
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1965
Total area
5,412 SF
Lot
0.67 ac (29,185 SF)
Zoning code
B-3
APN
WAKC1303134
UPID
US92-3366620
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
-
Flash Laundromat (Bike/Boat/Book/etc) Store
-
El Zócalo Wi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$550k
Owner & transaction history
Sam-broadway LLC · 2 yrs held
Sam-broadway LLC
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+64.6%
Auto repair, garage
$770,000
+42.2%
Warehouse, storage
$680,000
+24.9%
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
$640,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$545,000
Current use
MEDICAL BUILDING
$895,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$680,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$610,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$495,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Aug 30 2023)
Last sale anchor
$550k
Aug 30 2023
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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,423
Tax year 2023
Assessed value
$488,900
Assessed 2023
Previous assessed
$440,100
+11.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$300,300
Assessed improvement
$188,600
Total market value
$506,160
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,412 SF
Lot
0.67 ac (29,185 SF)
Zoning code
B-3
APN
WAKC1303134
UPID
US92-3366620
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.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$545,000
MEDICAL BUILDING
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$610,000
OFFICE BUILDING
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$495,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Sam-broadway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4864 S 10TH ST, MILWAUKEE, WI 53221-2412
Ownership since
2023
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
Dec 21, 2023
—
Sam Broadway LLC
—
Deed
related
$448,000 · Tri City National Bank
Dec 20, 2023
—
Sam Broadway LLC
—
Deed
related
$722,000 · Tri City National Bank
Aug 30, 2023
$550,000
Sam-broadway LLC
Peter Agnos
Warranty Deed
—
Aug 9, 2013
$325,000
Peter Agnos
Waukesha St Bk
Grant Deed
—
Jul 23, 2012
$375,000
Waukesha St. Bk
Sheriff Of Waukesha County
Trustees Deed
related
—
Jan 10, 2008
$795,000
Alexis Props Of Waukesha Wi LLC
Jenis Ents INC
Warranty Deed
$636,000 · Waukesha State Bank
—
—
Jenis Enterprises INC
—
Deed Of Trust
related
$75,000 · Bank One Wisconsin
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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