Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Apartment buildings
89th Main St Menomonee Falls, WI 53051-2966
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0702053
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
5,115 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B
APN
MNFV0012218
UPID
US92-0702053
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
$1.22M
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$985k
Owner & transaction history
Njb Ventures LLC · 4 yrs held
Njb Ventures LLC
since 2022
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+88.6%
Office building
$1.0M
+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
$1,225,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$740,000
Current use
RESTAURANT
$1,395,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,040,000
Change: +40% · Conversion: Moderate
RETAIL STORES
$650,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$610,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $975k (May 6 2022)
Last sale anchor
$975k
May 6 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
$193 / 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
$4,522
Tax year 2023
Assessed value
$350,100
Assessed 2023
Previous assessed
$243,700
+43.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$74,000
Assessed improvement
$276,100
Total market value
$358,900
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
1960
Heating
NONE
Units
4
Total area
5,115 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B
APN
MNFV0012218
UPID
US92-0702053
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
$740,000
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1960
Heating
NONE
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Njb Ventures LLC
Entity
Free & Clear · 4 yrs held
Mailing address
142ND ML RDG DR, MENOMONEE FALLS, WI 53051-5882
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$975,000
Njb Ventures LLC
15830 Main LLC
Warranty Deed
—
May 6, 2022
—
Erlandson Trust
Dax Properties Ix LLC
Warranty Deed
—
Oct 26, 2021
—
Dak Properties Ix LLC
—
Deed
related
$560,000 · Landmark Cu
Oct 17, 2011
—
Dak Properties Ix LLC
—
Deed Of Trust
related
$7,000,000 · Associated Bank
Oct 15, 2008
$489,600
Dak Properties Ix LLC
Jbjresidential LP
Warranty Deed
$406,000 · M & I Marshall & Ilsley Bank
—
—
Jbj Residential LP
—
Deed Of Trust
related
$300,000 · Bay View Federal Savings Loan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 89th Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
