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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Apartment buildings
900 Scott Ave Waukesha, WI 53186
Entity Owned
14-yr Hold
Free & Clear
Property ID
US92-0793830
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
17,928 SF
Lot
0.83 ac (36,155 SF)
Zoning code
P-1
APN
WAKC1336334
UPID
US92-0793830
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
$2.49M
Blend (final)
Blend
$2.07M
Owner & transaction history
City Of Waukesha · 14 yrs held
City Of Waukesha
since 2011
5 recorded transactions
Zoning & alternative use
P-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for areas where the open space and recreational needs, both public and private, of the citizens of the City of Waukesha can be met without undue disturbance of natural resources and adjacent uses
Zone name
Park
General category
OPEN_SPACE
Zone area
1,320.51 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.7M
+6.9%
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 Waukesha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukesha 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
APARTMENT HOUSE (5+ UNITS)
$2,490,000
Current use
COMMERCIAL (GENERAL)
$2,665,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$2,280,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,145,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,135,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±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
$115 / 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
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
1971
Heating
HOT WATER
Cooling
NONE
Stories
2
Total area
17,928 SF
Lot
0.83 ac (36,155 SF)
Zoning code
P-1
APN
WAKC1336334
UPID
US92-0793830
Jurisdiction
WAUKESHA
Zoning & alternative use
P-1 · Waukesha, WIZoning P-1 · permitted uses
P-1 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for areas where the open space and recreational needs, both public and private, of the citizens of the City of Waukesha can be met without undue disturbance of natural resources and adjacent uses
Zone name
Park
General category
OPEN_SPACE
Zone area
1,320.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1971
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
City Of Waukesha
Entity
Free & Clear · 14 yrs held
Mailing address
201 DELAFIELD ST, WAUKESHA, WI 53188-3639
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2011
—
City Of Waukesha
Habrle Ents LLC
Warranty Deed
—
Apr 12, 2011
—
Habrle Ents LLC
—
Deed Of Trust
related
$1,462,000 · Waterstone Bank
Jan 19, 2000
$745,000
Habrle Enterprises LLC
Hinzey,william A
Grant Deed
$596,000 · M & I Lake Country Bank
—
—
Habrle Ents LLC
—
Deed Of Trust
related
$880,000 · Wauwatosa Savings Bank
—
—
Habrle Ents LLC
—
Deed Of Trust
related
$1,462,000 · Waterstone 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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