Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,465,000
Commercial real estate
5050 Towne Dr New Berlin, WI 53151-7956
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0897729
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
61,076 SF
Lot
5.15 ac (224,247 SF)
Zoning code
M1
APN
NBC 1257998003
UPID
US92-0897729
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
$5.47M
Blend (final)
Blend
$5.47M
Owner & transaction history
K3d New Berlin LLC · 1 yrs held
K3d New Berlin LLC
since 2025
Last sale
$5.8M
4 recorded transactions
Zoning & alternative use
M1 · New Berlin, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.8M
+5.8%
Warehouse, storage
$7.4M
+1.1%
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 New Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Berlin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,345,000
Current use
RETAIL STORES
$7,770,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$7,425,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,305,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±10% · vs last sale $5.83M (Mar 10 2025)
Last sale anchor
$5.83M
Mar 10 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
$89 / 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
$55,214
Tax year 2023
Assessed value
$3,662,400
Assessed 2023
Previous assessed
$3,662,400
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$567,800
Assessed improvement
$3,094,600
Total market value
$4,240,900
Applied tax rate
3,925.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Heating
NONE
Total area
61,076 SF
Lot
5.15 ac (224,247 SF)
Zoning code
M1
APN
NBC 1257998003
UPID
US92-0897729
Jurisdiction
WAUKESHA
Zoning & alternative use
M1 · New Berlin, WI
Zoning M1 · permitted uses
M1 · New Berlin, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.3M
RETAIL STORES
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Heating
NONE
Lot
5.15 ac
Current owner
From public records · entity-resolved
K3d New Berlin LLC
Entity
Mailing address
525 3RD ST STE #300, BELOIT, WI 53511-6225
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
$5,831,000
K3d New Berlin LLC
Hendricks Commercial Properties LLC
Special Warranty Deed
$4,310,000 · Northern Trust Co
Dec 14, 2020
—
Hendricks Commercial Properties LLC
—
Deed
related
$75,000,000 · Bank Of America
Feb 22, 2016
$3,850,000
Hendricks Commercial Props LLC
Gs Ents NA LLC
Grant Deed
—
Feb 19, 2016
$3,850,000
Hendricks Commercial Props LLC
Gs Ents NA LLC
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5050 Towne Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
