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Property profile & analytics
OFF-MARKET
Estimated value
$9,550,000
Commercial real estate
5333 Emmer Dr New Berlin, WI 53151-7302
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0925015
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
122,604 SF
Lot
11.13 ac (484,779 SF)
Zoning code
M1
APN
NBC 1259995
UPID
US92-0925015
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
$6.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.16M
Blend (final)
Blend
$9.55M
Owner & transaction history
Ti Investors Of New Berlin IV LLC · 1 yrs held
Ti Investors Of New Berlin IV LLC
since 2025
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
M1 · New Berlin, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.6M
+5.8%
Warehouse, storage
$14.9M
+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
$7,880,000
ML approach
$6,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,745,000
Current use
RETAIL STORES
$15,600,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$14,905,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,660,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$9.55M
Range $8.60M – $10.51M · ±10% · vs last sale $11.80M (Mar 6 2025)
Last sale anchor
$11.80M
Mar 6 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
$78 / 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
$122,667
Tax year 2023
Assessed value
$8,135,500
Assessed 2023
Previous assessed
$8,135,500
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,215,000
Assessed improvement
$6,920,500
Total market value
$9,420,600
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
2004
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
122,604 SF
Lot
11.13 ac (484,779 SF)
Zoning code
M1
APN
NBC 1259995
UPID
US92-0925015
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
$14.7M
RETAIL STORES
Est. value
$15.6M
WAREHOUSE, STORAGE
Est. value
$14.9M
INDUSTRIAL (GENERAL)
Est. value
$14.7M
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
2004
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
11.13 ac
Current owner
From public records · entity-resolved
Ti Investors Of New Berlin IV LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1001 KAMOKILA BLVD STE #200, KAPOLEI, HI 96707-2096
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
Ti Investors Of New Berlin V LLC
—
Deed
related
$21,000,000 · Us Bank NA
Mar 6, 2025
$11,800,000
Ti Investors Of New Berlin IV LLC
James Campbell Co LLC
Special Warranty Deed
—
Feb 25, 2015
$22,165,000
Jcc Wisconsin Portfolio LLC
Jlml Family LLC
Grant Deed
$22,165,000 · Private Individual
Jun 29, 2009
—
Jlml Family LLC
Luterbach,james
Warranty Deed
—
Apr 6, 2004
$971,300
James Luterbach
Marsek Ents LLC
Warranty Deed
—
Jan 22, 2001
$1,028,000
Towne-luterbach LLC
Towne Corporate Of New Berlin
Grant Deed
related
—
Jun 20, 2000
$890,400
Marsek Enterprises LLC
Towne Corporate Park Of New Be
Grant Deed
$600,000 · M & I Marshall & Isley Bank
Nov 2, 1999
$975,000
Beechwood Distributors INC
Towne Corp Parl Of New Berlin
Grant Deed
—
Oct 2, 1998
$720,000
Towne Corporation Park Of New
Dombrowski,robert M & Michelle S
Grant Deed
—
—
—
Towne Corp Park New Berlin LLC
—
Deed Of Trust
related
$3,791,757 · Us Bank
—
—
James Luterbach
—
Deed Of Trust
related
$5,400,000 · J P Morgan Chase 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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