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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Commercial real estate
63rd Main St Sussex, WI 53089-3119
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1099440
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Total area
6,560 SF
Lot
1.48 ac (64,469 SF)
Zoning code
B
APN
SUXV0246985
UPID
US92-1099440
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
$1.11M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$1.21M
Owner & transaction history
Sussex Commons LLC · 1 yrs held
Sussex Commons LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
B · Sussex, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+84.7%
Apartment house (5+ units)
$1.6M
+66.1%
Office building
$1.3M
+37.3%
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 Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex 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
$1,165,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$970,000
Current use
RESTAURANT
$1,790,000
Change: +85% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,330,000
Change: +37% · Conversion: Easy
RETAIL STORES
$835,000
Change: -14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$785,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.28M (Oct 16 2024)
Last sale anchor
$1.28M
Oct 16 2024
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
$184 / 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
$11,516
Tax year 2023
Assessed value
$912,400
Assessed 2023
Previous assessed
$1,015,800
-10.2% YoY
Effective rate
1.26%
On assessed value
Assessed land
$191,500
Assessed improvement
$720,900
Total market value
$978,700
Applied tax rate
22.0000
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
1963
Heating
NONE
Stories
9
Total area
6,560 SF
Lot
1.48 ac (64,469 SF)
Zoning code
B
APN
SUXV0246985
UPID
US92-1099440
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Sussex, WIZoning B · permitted uses
B · Sussex, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$970,000
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1963
Heating
NONE
Stories
9
Lot
1.48 ac
Current owner
From public records · entity-resolved
Sussex Commons LLC
Entity
Mailing address
110 E WASHINGTON ST, STOUGHTON, WI 53589-1736
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
$1,280,000
Sussex Commons LLC
Kkgsm Properties 7 LLC
Warranty Deed
$960,000 · State Bank Chilton Brookfield
Feb 15, 2023
—
Kkgsm Properties 7 LLC
—
Deed
related
$880,000 · Bank Of Sun Prairie
Dec 14, 2022
$925,000
Kkgsm Properties 7 LLC
Boys Property LLC
Warranty Deed
—
Sep 3, 2010
$875,000
Boys Property LLC
Sussex Realty LLC
Warranty Deed
$875,060 · Piggly Wiggly Midwest LLC
Oct 2, 2008
—
Sussex Realty LLC
Jones,joanne C
Quit Claim Deed
related
—
Apr 25, 2007
—
Josephine M Living Mcneil
Mcneil,josephine M
Quit Claim Deed
—
—
—
Boys Property LLC
—
Deed Of Trust
related
$597,000 · North Shore Bank Fsb
—
—
Boys Property LLC
—
Deed Of Trust
related
$1,123,000 · North Shore Bank Fsb
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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