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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Apartment buildings
84th Menomonee Ave Menomonee Falls, WI 53051-3171
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0463860
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
5,208 SF
Lot
0.27 ac (11,718 SF)
Zoning code
B
APN
MNFV0042966005
UPID
US92-0463860
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
$820k
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$735k
Owner & transaction history
2025 Green Tree LLC · 3 yrs held
2025 Green Tree LLC
since 2022
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+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
$765,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$755,000
Current use
OFFICE BUILDING
$1,055,000
Change: +40% · Conversion: Moderate
RETAIL STORES
$665,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$625,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $610k (Nov 4 2022)
Last sale anchor
$610k
Nov 4 2022
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
$141 / 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
$4,966
Tax year 2023
Assessed value
$389,900
Assessed 2023
Previous assessed
$285,800
+36.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$74,000
Assessed improvement
$315,900
Total market value
$399,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Heating
NONE
Units
4
Total area
5,208 SF
Lot
0.27 ac (11,718 SF)
Zoning code
B
APN
MNFV0042966005
UPID
US92-0463860
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WIZoning 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$645,000
INDUSTRIAL (GENERAL)
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1961
Heating
NONE
Units
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
2025 Green Tree LLC
Entity
Mailing address
86TH MENOMONEE RIV PKWY, MENOMONEE FALLS, WI 53051-3112
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
2025 Greentree LLC
—
Deed
related
$200,000 · Forte Bank
Aug 31, 2023
—
2025 Greentree LLC
—
Deed
related
$215,000 · Forte Bank
Nov 4, 2022
—
2025 Green Tree LLC
Katsuyo Garza
Intrafamily Transfer
related
—
Oct 21, 2022
$610,000
2025 Green Tree LLC
Trau Realty Ventures LLC
Warranty Deed
—
Apr 12, 2022
—
Trau Realty Ventures LLC
—
Deed
related
$84,000 · Peoples State Bank
Aug 3, 2020
$286,000
Trau Realty Ventures LLC
L L Real Estate LLC
Warranty Deed
$200,000 · Town Bank
Jul 28, 2004
—
Ll Real Estate LLC
Loften,linda S
Quit Claim Deed
related
—
—
—
Linda S Loften
—
Deed Of Trust
related
$149,500 · Priority Mortgage INC
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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