Financial
Distress signals
Property profile

515 Frederick St Waukesha, WI 53186

FOR LEASE
Manufacturing properties
Property ID
US92-3411398
2.27 ac lot
Last sale Apr 2023 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An 18,000-square-foot warehouse space with access to one designated drive-in door and one shared loading dock. The layout includes a lunchroom and a locker room, with bathrooms located in the lunchroom and office area. Additional basement space is available, and the property supports signage options. The location is near downtown Waukesha’s retail and dining amenities, with access to I-94 via Highway 18.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023

Value estimate

· Sep 2026
$640k
$576k – $704k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI · 728,280.00% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$95 – $140

Cap rate analysis

How does the asset earn?
728,280.00%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-2
To provide for manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing ...
General categoryINDUSTRIAL
JurisdictionWAUKESHA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency43.0
Restaurant32.4
Pharmacy23.5

Location

515 Frederick St Waukesha, WI 53186
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
222nd Cheaney, Waukesha, WI 53186-1688 $650,000 Jan 2026 No data
Sentry, Waukesha, WI 53186 $135,000 Dec 2025 No data
29th Marjean, Waukesha, WI 53186-1016 $1,895,000 Aug 2025 No data
1338 Ellis, Waukesha, WI 53186-5621 $1,500,000 Aug 2025 No data
20925 Xrds, Waukesha, WI 53186-4054 $5,500,000 Oct 2024 No data
227th Westmound, Waukesha, WI 53186-1653 $1,250,000 Sep 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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