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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Banks
521 Sunset Dr Waukesha, WI 53189-7015
Entity Owned
15-yr Hold
Free & Clear
Property ID
US92-0178110
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1999
Total area
8,352 SF
Lot
1.36 ac (59,242 SF)
Zoning code
B-3
APN
WAKC1354100
UPID
US92-0178110
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
-
Peoples State Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$830k
Owner & transaction history
City Of Waukesha · 15 yrs held
City Of Waukesha
since 2011
4 recorded transactions
Zoning & alternative use
B-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Top alternative use upside
Medical building
$1.4M
+47.1%
Restaurant
$1.3M
+43.3%
Auto repair, garage
$1.2M
+30.2%
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
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$940,000
Current use
MEDICAL BUILDING
$1,380,000
Change: +47% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,220,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$795,000
Change: -15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$760,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$99 / 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
$37,322
Tax year 2023
Assessed value
$2,467,700
Assessed 2023
Previous assessed
$1,388,100
+77.8% YoY
Effective rate
1.51%
On assessed value
Assessed land
$933,100
Assessed improvement
$1,534,600
Total market value
$2,554,819
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,352 SF
Lot
1.36 ac (59,242 SF)
Zoning code
B-3
APN
WAKC1354100
UPID
US92-0178110
Jurisdiction
WAUKESHA
Zoning & alternative use
B-3 · Waukesha, WIZoning 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
Zoning description
To provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts offering comparison shopping items, the character, appearance, and operation of a shopping center should be compatible with surrounding residential areas
Zone name
Community Business
General category
COMMERCIAL
Zone area
90.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$940,000
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$760,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
City Of Waukesha
Entity
Free & Clear · 15 yrs held
Mailing address
521 W SUNSET DR, WAUKESHA, WI 53189-7015
Ownership since
2011
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
Jul 18, 2011
—
City Of Waukesha
Sunset Bk & Svgs
Warranty Deed
—
Nov 3, 1999
$622,000
Sunset Bank & Savings
Great Lakes Investors III LLC
Grant Deed
related
—
Nov 20, 1998
$115,000
Great Lakes Investors III LLC
Ral Yield + Equities III Ldt
Grant Deed
$3,856,000 · St Francis Bank Fsb
—
—
Bombrandt Builders INC
—
Deed Of Trust
related
—
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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