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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Strip malls
801 Moreland Blvd Waukesha, WI 53188-2971
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-1047967
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
3,876 SF
Lot
0.61 ac (26,572 SF)
Zoning code
B-1
APN
WAKC0999145
UPID
US92-1047967
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
-
Edward Jones - Financial Advisor: Sarah G Dieringer, AAMS® Financial Advisor
-
Edward Jones Financial Advisor
-
Starbucks Cafe & Coffee Shop
-
Edward Jones - Financial Advisor: Elizabeth J Dieringer Financial Advisor
-
Taco Jalisco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$535k
Owner & transaction history
David Witzling · 7 yrs held
David Witzling
since 2018
6 recorded transactions
Zoning & alternative use
B-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for individual or small groups of retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acr…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
20.99 ac
Source
Realmo
Top alternative use upside
Office building
$780,000
+133.3%
Commercial (general)
$655,000
+96.4%
Medical building
$640,000
+91.7%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$335,000
Current use
OFFICE BUILDING
$780,000
Change: +133% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: +96% · Conversion: Easy
MEDICAL BUILDING
$640,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$138 / 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
$19,171
Tax year 2023
Assessed value
$1,266,700
Assessed 2023
Previous assessed
$1,172,400
+8.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$202,700
Assessed improvement
$1,064,000
Total market value
$1,311,419
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,876 SF
Lot
0.61 ac (26,572 SF)
Zoning code
B-1
APN
WAKC0999145
UPID
US92-1047967
Jurisdiction
WAUKESHA
Zoning & alternative use
B-1 · Waukesha, WIZoning B-1 · permitted uses
B-1 · 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 retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acres in area
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
20.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$335,000
OFFICE BUILDING
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$655,000
MEDICAL BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
David Witzling
Individual
Mailing address
205 COVINA AVE, LONG BEACH, CA 90803-1824
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
David J Witzling
—
Deed
related
$1,215,000 · State Bank Financial
Sep 28, 2018
$1,362,200
David Witzling
801 Westmoreland Blvd LLC
Special Warranty Deed
$980,000 · Choice Bank
Jan 12, 2015
$1,344,200
801 West Moreline Blvd LLC
Moreland Commons LLC
Special Warranty Deed
$915,000 · Choice Bank
Jun 26, 2007
$400,000
Moreland Commons LLC
Concord Property Mgmt LLC
Warranty Deed
$1,055,000 · Town Bank
Feb 27, 2004
$160,000
Concord Property Mgmt LLC
Papagianis,george
Warranty Deed
$89,763 · Tcf National Bank
—
—
Concord Property Mgmt LLC
—
Deed Of Trust
related
$140,000 · Tcf National 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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