Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,370,000
Warehouses
92nd Megal Dr Menomonee Falls, WI 53051-1569
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0458688
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
127,488 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C
APN
MNFV0009985006
UPID
US92-0458688
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
$9.91M
CAP Approach
CAP
$8.67M
Comparable Approach
Comparable
$10.26M
Blend (final)
Blend
$11.37M
Owner & transaction history
Tkg III Acquisition LLC · 2 yrs held
Tkg III Acquisition LLC
since 2023
Last sale
$12.5M
6 recorded transactions
Zoning & alternative use
C · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.5M
+74.1%
Retail stores
$16.2M
+53.1%
Commercial (general)
$15.8M
+49.0%
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
$14,400,000
ML approach
$9,905,000
CAP Approach
CAP Return
Estimation
6%
$9,385,000
6.5%
$8,665,000
7%
$8,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,595,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,450,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$16,220,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,790,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,245,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$11.37M
Range $10.23M – $12.51M · ±10% · vs last sale $12.50M (Oct 11 2023)
Last sale anchor
$12.50M
Oct 11 2023
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
$89 / 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
$87,562
Tax year 2023
Assessed value
$7,850,000
Assessed 2023
Previous assessed
$5,656,000
+38.8% YoY
Effective rate
1.12%
On assessed value
Assessed land
$533,200
Assessed improvement
$7,316,800
Total market value
$8,047,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
NONE
Units
692
Total area
127,488 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C
APN
MNFV0009985006
UPID
US92-0458688
Jurisdiction
WAUKESHA
Zoning & alternative use
C · Menomonee Falls, WI
Zoning C · permitted uses
C · 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
WAREHOUSE, STORAGE Current
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.5M
RETAIL STORES
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$15.8M
INDUSTRIAL (GENERAL)
Est. value
$15.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1993
Heating
NONE
Units
692
Lot
4.08 ac
Current owner
From public records · entity-resolved
Tkg III Acquisition LLC
Entity
Ownership since
2023
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
Oct 11, 2023
$12,500,000
Tkg III Acquisition LLC
Storage Cap Falls Wi LP
Special Warranty Deed
$105,560,000 · Citibank NA
Jan 6, 2022
$8,000,000
Storage Cap Falls Wi LP
Busy Guys LLC
Special Warranty Deed
$7,650,000 · Keystone Real Estate Income Tr
Sep 30, 2020
—
Busy Guys LLC
—
Deed
related
$5,654,282 · Tri City National Bank
Nov 1, 2018
—
Busy Guys LLC
—
Trustees Deed
related
$3,500,000 · Tri Cty Nat'l Bk
Jul 5, 2018
—
Busy Guys LLC
—
Deed
related
$1,000,000 · Tri City National Bank
May 26, 2015
$2,000,000
Busy Guys LLC
Thomas F Wachs
Special Warranty Deed
$25,114,320 · Tri City National 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.
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 92nd Megal Dr?
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.
