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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Office buildings
640 Moreland Blvd Waukesha, WI 53188-2433
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-0518571
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
6,644 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B-4
APN
WAKC1000988
UPID
US92-0518571
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
-
Leonard A. Jastroch Law Firm
-
Raymond H. LaBarge Law Firm
-
Patrick J. Schott Law Firm
-
Schott, Bublitz & Engel s.c. Law Firm
-
Jean J. Brown Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.52M
Owner & transaction history
640 Moreland LLC · 12 yrs held
640 Moreland LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-4 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for individual or small groups of buildings limited to office, professional, and special service uses where the office use would be compatible with other neighborhood uses and not exhibit the intense activity of other business districts
Zone name
Office And Professional
General category
COMMERCIAL
Zone area
81.83 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.9M
+16.7%
Restaurant
$1.8M
+14.1%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,855,000
Change: +17% · Conversion: Easy
RESTAURANT
$1,815,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10%
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
$228 / 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
$10,298
Tax year 2023
Assessed value
$678,700
Assessed 2023
Previous assessed
$705,600
-3.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$137,200
Assessed improvement
$541,500
Total market value
$702,661
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
6,644 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B-4
APN
WAKC1000988
UPID
US92-0518571
Jurisdiction
WAUKESHA
Zoning & alternative use
B-4 · Waukesha, WIZoning B-4 · permitted uses
B-4 · 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 individual or small groups of buildings limited to office, professional, and special service uses where the office use would be compatible with other neighborhood uses and not exhibit the intense activity of other business districts
Zone name
Office And Professional
General category
COMMERCIAL
Zone area
81.83 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
640 Moreland LLC
Entity
Mailing address
640 W MORELAND BLVD, WAUKESHA, WI 53188-2433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 3, 2013
$500,100
640 Moreland LLC
Jastroch,leonard A
Warranty Deed
—
—
—
640 Moreland LLC
—
Deed Of Trust
related
$491,395 · Patrick & Nancy J Schott
—
—
640 Moreland LLC
—
Deed Of Trust
related
$482,316 · Patrick J & Nancy J Schott
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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