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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Hotels
88th Main St Menomonee Falls, WI 53051-3241
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-0845960
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Total area
89,808 SF
Lot
2.7 ac (117,612 SF)
Zoning code
B
APN
MNFV0008993
UPID
US92-0845960
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
Izabella Hmc-mf LLC · 11 yrs held
Izabella Hmc-mf LLC
since 2014
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,070,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,895,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,875,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±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
$57 / 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
$130,629
Tax year 2023
Assessed value
$11,708,300
Assessed 2023
Previous assessed
$8,438,300
+38.8% YoY
Effective rate
1.12%
On assessed value
Assessed land
$889,100
Assessed improvement
$10,819,200
Total market value
$12,003,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1969
Heating
NONE
Units
136
Total area
89,808 SF
Lot
2.7 ac (117,612 SF)
Zoning code
B
APN
MNFV0008993
UPID
US92-0845960
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
COMMERCIAL (GENERAL)
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1969
Heating
NONE
Units
136
Lot
2.7 ac
Current owner
From public records · entity-resolved
Izabella Hmc-mf LLC
Entity
Mailing address
1300 E WOODFIELD RD STE #400, SCHAUMBURG, IL 60173-5444
Ownership since
2014
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
Jun 11, 2025
—
Izabella Hmc-mf LLC
—
Deed
related
$400,000 · Republic Bank Chicago
Aug 4, 2020
—
Izabella Hmc-mf
—
Deed
related
$5,500,000 · Republic Bk/chicago
Oct 28, 2014
$7,712,300
Izabella Hmc-mf LLC
Lodging Invtrs Of Menomonee Falls
Quit Claim Deed
related
$5,500,000 · Republic Bk/chicago
May 11, 2010
—
Lodging Invtrs Of Menomonee Falls
—
Trustees Deed
related
$17,650,000 · Village/menomonee Falls Wiscon
Mar 30, 2006
$3,000,000
Lodging Invtrs Of Menomonee Falls
Investment Real Estate INC
Warranty Deed
$135,000 · National Republic Bank Chicago
—
—
Peoples Hospitality INC
—
Deed Of Trust
related
$350,000 · National Republic Bank Chicago
—
—
Izabella Hmc-mf
—
Deed Of Trust
related
$5,500,000 · Republic Bk/chicago
—
—
Investment Real Estate INC
—
Deed Of Trust
related
$700,000 · Lac Concepts 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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