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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Warehouses
83rd Leon Rd Menomonee Falls, WI 53051-3306
Entity Owned
13-yr Hold
Free & Clear
Property ID
US92-0996780
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
26,975 SF
Lot
3.37 ac (146,797 SF)
Zoning code
B
APN
MNFV0047999067
UPID
US92-0996780
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
$1.84M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.64M
Owner & transaction history
Sandwich Properties LLP · 13 yrs held
Sandwich Properties LLP
since 2013
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,985,000
6.5%
$1,835,000
7%
$1,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,240,000
Current use
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$61 / 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
$23,603
Tax year 2023
Assessed value
$2,120,100
Assessed 2023
Previous assessed
$1,853,100
+14.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$440,400
Assessed improvement
$1,679,700
Total market value
$2,173,500
Applied tax rate
24.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Total area
26,975 SF
Lot
3.37 ac (146,797 SF)
Zoning code
B
APN
MNFV0047999067
UPID
US92-0996780
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WI
Zoning B · permitted uses
B · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menomonee Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
1992
Heating
NONE
Lot
3.37 ac
Current owner
From public records · entity-resolved
Sandwich Properties LLP
Entity
Free & Clear · 13 yrs held
Mailing address
83RD LEON RD, MENOMONEE FALLS, WI 53051-3306
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Specprop LLC
—
Deed
related
$20,000 · Associated Bank
Jun 21, 2013
$469,400
Sandwich Properties LLP
Sheppard James F
Grant Deed
—
Jun 21, 2013
—
Sandwich Properties LLP
Specht,william F
Quit Claim Deed
related
$2,434,986 · Bmo Harris Bank
Jun 18, 2001
—
Jane L Lundwall
Cisewski,dorothy L
Grant Deed
related
—
Oct 30, 2000
$82,500
Jill Dimoff
Obrien,barbara J
Grant Deed
—
Aug 30, 2000
—
Pamela J Pedersen
Holzhauer,john J & Esther M
Quit Claim Deed
related
—
Mar 2, 1999
$300,000
Paul M Kolosso
Wagner Estate
Grant Deed
—
—
—
Robert P Miedtke
—
Deed Of Trust
related
$31,533 · St Francis Bank Fsb
—
—
Donald A Mechelke
—
Deed Of Trust
related
$57,929 · Associated Bank Milwaukee
—
—
Raymond Esser
—
Deed Of Trust
related
$75,000 · Associated Bank Milwaukee
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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