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Property profile & analytics
FOR LEASE
Strip malls
530 W Sunset Dr Waukesha, WI 53186
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0924819
For Lease
1 / 3
Contact for pricing
530 W Sunset Dr, Waukesha, WI 53186
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
13,962 SF
Lot
1.67 ac (72,745 SF)
Zoning code
B-3
APN
WAKC1335006
UPID
US92-0924819
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
-
Cousins Subs Take-out & Catering
-
UPS Access Point location Courier Service Postal Service
-
Jet's Pizza Take-out & Catering
-
Advance Auto Parts Auto Parts Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.64M
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
530 Sunset LLC · 4 yrs held
530 Sunset LLC
since 2021
Last sale
$2.7M
7 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
$2.3M
+91.7%
Restaurant
$2.3M
+86.8%
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
$4,495,000
ML approach
$4,635,000
CAP Approach
CAP Return
Estimation
6%
$5,045,000
6.5%
$4,660,000
7%
$4,325,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,305,000
Change: +92% · Conversion: Difficult
RESTAURANT
$2,250,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $2.65M (Nov 16 2021)
Last sale anchor
$2.65M
Nov 16 2021
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
$247 / 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
$40,533
Tax year 2023
Assessed value
$2,675,100
Assessed 2023
Previous assessed
$2,313,300
+15.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$763,800
Assessed improvement
$1,911,300
Total market value
$2,769,541
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
13,962 SF
Lot
1.67 ac (72,745 SF)
Zoning code
B-3
APN
WAKC1335006
UPID
US92-0924819
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
MEDICAL BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
RESTAURANT
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
530 Sunset LLC
Entity
Mailing address
9601 HUMBOLDT AVE S, BLOOMINGTON, MN 55431-2622
Ownership since
2021
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
Nov 16, 2021
$2,650,000
530 Sunset LLC
Gami Properties Wi LLC
Special Warranty Deed
$2,120,000 · Tri City National Bank
Dec 29, 2017
—
Garni Properties Willc
—
Deed
related
$600,000 · Sunset Bk & Svgs
May 4, 2015
$2,500,000
Garni Properties Wi LLC
E&m Investments LLC
Warranty Deed
$1,220,144 · Sunset Bank & Savings
Jan 26, 2004
—
E & M Investments LLC
Usrp Funding 2001-a
Grant Deed
related
—
—
—
E & M Investments LLC
—
Deed Of Trust
related
$575,000 · Pyramax Bank
—
—
Garni Properties Willc
—
Deed Of Trust
related
$600,000 · Sunset Bk & Svgs
—
—
E & M Investments LLC
—
Deed Of Trust
related
$85,000 · Pyramax Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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