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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Commercial real estate
850 Elm Grv Rd Elm Grove, WI 53122-2527
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0022073
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.76 ac (32,931 SF)
Zoning code
B
APN
EGV 1106962
UPID
US92-0022073
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
-
Minds At Development LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Payroll Control Systems Employment Agency
-
Robert J Feest & Associates Insurance Agency
-
Elevate Beauty Studio Spa & Massage Center
-
Just Your Way Media LLC Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
850 Elm Grove Rd LLC · 3 yrs held
850 Elm Grove Rd LLC
since 2022
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
B · Elm Grove, 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 Elm Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elm Grove 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
$1,595,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.27M (Oct 14 2022)
Last sale anchor
$1.27M
Oct 14 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
—
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
$15,483
Tax year 2023
Assessed value
$1,212,300
Assessed 2023
Previous assessed
$1,212,300
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$395,200
Assessed improvement
$817,100
Total market value
$1,342,100
Applied tax rate
23.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.76 ac (32,931 SF)
Zoning code
B
APN
EGV 1106962
UPID
US92-0022073
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Elm Grove, WIZoning B · permitted uses
B · Elm Grove, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
850 Elm Grove Rd LLC
Entity
Mailing address
850 ELM GRV RD, ELM GROVE, WI 53122-2527
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$1,200,000
850 Elm Grove Rd LLC
Grove Realty LLC
Warranty Deed
related
$960,000 · Waterstone Bank Ssb
Dec 19, 2006
$1,266,900
Grove Realty LLC
Longwood Gardens LLC
Warranty Deed
$1,020,000 · M & I Marshall & Ilsley Bank
Oct 12, 2005
$1,198,000
Longwood Gardens LLC
Prospeck,ronald C & Roberta M
Warranty Deed
$780,000 · Tri City National Bank
—
—
Ronald C Prospeck
—
Deed Of Trust
related
$860,000 · M & I Lake Country 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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