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Property profile & analytics
OFF-MARKET
Estimated value
$6,760,000
Warehouses
56th Ridgewood Dr Menomonee Falls, WI 53051-5686
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0655234
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
69,772 SF
Lot
5.2 ac (226,512 SF)
Zoning code
B
APN
MNFV0107993
UPID
US92-0655234
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
$8.65M
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
$6.67M
Blend (final)
Blend
$6.76M
Owner & transaction history
Kumagai Trust · 5 yrs held
Kumagai Trust
since 2021
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.1M
+74.1%
Retail stores
$8.9M
+53.1%
Commercial (general)
$8.6M
+49.0%
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 Menomonee Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menomonee Falls 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
$8,040,000
ML approach
$8,650,000
CAP Approach
CAP Return
Estimation
6%
$5,135,000
6.5%
$4,740,000
7%
$4,405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,800,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,095,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$8,880,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,640,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,345,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$6.76M
Range $6.08M – $7.44M · ±10% · vs last sale $6.23M (Jul 20 2021)
Last sale anchor
$6.23M
Jul 20 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
$97 / 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
$56,645
Tax year 2023
Assessed value
$5,105,800
Assessed 2023
Previous assessed
$3,393,200
+50.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$849,400
Assessed improvement
$4,256,400
Total market value
$5,234,300
Applied tax rate
24.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
69,772 SF
Lot
5.2 ac (226,512 SF)
Zoning code
B
APN
MNFV0107993
UPID
US92-0655234
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WI
Zoning B · permitted uses
B · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menomonee Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
RETAIL STORES
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$8.3M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Lot
5.2 ac
Current owner
From public records · entity-resolved
Kumagai Trust
Trust
Mailing address
1420 KINGS RD, NEWPORT BEACH, CA 92663-5017
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
$6,225,000
Kumagai Trust
R M Investments Of Wi LLP
Warranty Deed
$4,000,000 · Bank Of Hope
Nov 24, 2009
—
R M Investments Of Wisconsin LLP
R M Investments Of Wisconsin LLP
Quit Claim Deed
—
—
—
R-m Investments Of Wisconsin LLP
—
Deed Of Trust
related
$1,015,000 · Village Of Menomonee Falls
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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