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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Commercial real estate
6900 State St Wauwatosa, WI 53213-2842
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US92-0823340
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Total area
8,924 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C2
APN
370-0218-04
UPID
US92-0823340
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
$1.32M
Blend (final)
Blend
$1.10M
Owner & transaction history
State Street Retail LLC · 14 yrs held
State Street Retail LLC
since 2011
4 recorded transactions
Zoning & alternative use
C2 · Wauwatosa, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+81.9%
Restaurant
$1.1M
+36.5%
Auto repair, garage
$1.1M
+28.1%
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 Wauwatosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wauwatosa 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,510,000
Change: +82% · Conversion: Moderate
RESTAURANT
$1,135,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$920,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$123 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$44,193
Tax year 2022
Assessed value
$2,030,600
Assessed 2022
Previous assessed
$2,030,600
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$828,000
Assessed improvement
$1,202,600
Total market value
$2,406,500
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
1966
Heating
NONE
Total area
8,924 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C2
APN
370-0218-04
UPID
US92-0823340
Jurisdiction
MILWAUKEE
Zoning & alternative use
C2 · Wauwatosa, WI
Zoning C2 · permitted uses
C2 · Wauwatosa, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wauwatosa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$960,000
MEDICAL BUILDING
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
OFFICE BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1966
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
State Street Retail LLC
Entity
Mailing address
130 S JEFFERSON ST STE #300, CHICAGO, IL 60661-5763
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
State Street Retail LLC
—
Deed
related
$130,000 · Landmark Cu
Dec 28, 2021
—
State Street Retail LLC
—
Deed
related
$344,702 · Jeffrey A Metz
Oct 4, 2011
$788,000
State Street Retail LLC
Glantz Kitty Trust
Grant Deed
$1,000,000 · Investorsbank
—
—
State Street Retail LLC
—
Deed Of Trust
related
$1,000,000 · Woodmen Of World Life Insuranc
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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