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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
56th Silver Spg Dr Menomonee Falls, WI 53051-5340
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-2120416
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1991
Total area
26,014 SF
Lot
278.8 ac (12,144,528 SF)
APN
MNFV0120991001
UPID
US92-2120416
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Adam Updike · 2 yrs held
Adam Updike
since 2024
Last sale
$154,900
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$41,709
Tax year 2023
Assessed value
$3,761,000
Assessed 2023
Previous assessed
$3,761,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,542,400
Assessed improvement
$1,218,600
Total market value
$3,855,700
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
5
Total area
26,014 SF
Lot
278.8 ac (12,144,528 SF)
APN
MNFV0120991001
UPID
US92-2120416
Jurisdiction
WAUKESHA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Buildings
5
Lot
278.8 ac
Current owner
From public records · entity-resolved
Adam Updike
Individual
Mailing address
54TH AUTUMN VW LN, MENOMONEE FALLS, WI 53051-0654
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
$154,900
Adam Updike
Fox River Falls LLC
Warranty Deed
$765,100 · University Of Wisconsin Cu
Jan 24, 2024
$155,900
Espire Homes INC
Fox River Falls LLC
Warranty Deed
$791,050 · Waukesha State Bank
Jan 22, 2024
$155,900
Integrity Construction Management I
Fox River Falls LLC
Warranty Deed
—
Jan 18, 2024
$152,900
Demlang Builders INC
Fox River Falls LLC
Warranty Deed
—
Jan 9, 2024
$155,900
Korndoerfer Homes LLC
Fox River Falls LLC
Warranty Deed
—
Jan 5, 2024
$152,900
Allan Builders LLC
Fox River Falls LLC
Warranty Deed
—
Jan 5, 2024
$155,900
Bielinski Homes INC
Fox River Falls LLC
Warranty Deed
—
Jan 3, 2024
$155,900
Aspen Homes INC
Fox River Falls LLC
Warranty Deed
—
Dec 29, 2023
$155,900
Mk/jc LLC
Fox River Falls LLC
Warranty Deed
$10,500,000 · First Business 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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