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Property profile & analytics
OFF-MARKET
Estimated value
$17,315,000
Apartment buildings
72nd Good Hope Rd Menomonee Falls, WI 53051-4427
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0436502
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
64,780 SF
Lot
4.33 ac (188,441 SF)
APN
MNFV0093975002
UPID
US92-0436502
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
$11.96M
CAP Approach
CAP
$10.59M
Comparable Approach
Comparable
$15.53M
Blend (final)
Blend
$17.32M
Owner & transaction history
Starboard Jade Dst · 5 yrs held
Starboard Jade Dst
since 2021
Last sale
$24.1M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.7M
+88.6%
Office building
$13.1M
+40.2%
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
by Request
ML approach
$11,955,000
CAP Approach
CAP Return
Estimation
6%
$11,470,000
6.5%
$10,585,000
7%
$9,830,000
Alternative Use
Use
Estimation
RESTAURANT
$17,680,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$13,140,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$17.32M
Range $15.58M – $19.05M · ±10% · vs last sale $24.10M (Mar 16 2021)
Last sale anchor
$24.10M
Mar 16 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
$267 / 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
$301,465
Tax year 2023
Assessed value
$27,013,100
Assessed 2023
Previous assessed
$19,408,800
+39.2% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,714,800
Assessed improvement
$25,298,300
Total market value
$27,692,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
4
Units
23
Total area
64,780 SF
Lot
4.33 ac (188,441 SF)
APN
MNFV0093975002
UPID
US92-0436502
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.7M
OFFICE BUILDING
Est. value
$13.1M
RESTAURANT
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
2018
Heating
NONE
Buildings
4
Units
23
Lot
4.33 ac
Current owner
From public records · entity-resolved
Starboard Jade Dst
Individual
Mailing address
19100 VON KARMAN AVE STE #340, IRVINE, CA 92612-6500
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
$24,100,000
Starboard Jade Dst
Fred Jade LLC
Special Warranty Deed
$16,559,000 · Key Bank NA
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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