Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Warehouses
94th Garwin Mace Dr Menomonee Falls, WI 53051-1651
Individually Owned
~
Est. High Equity
Property ID
US92-0889509
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
10,253 SF
Lot
1.6 ac (69,827 SF)
Zoning code
C
APN
MNFV0005002009
UPID
US92-0889509
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
$920k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$825k
Owner & transaction history
Michelle A Hetzel
Michelle A Hetzel
since 2025
6 recorded transactions
Zoning & alternative use
C · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+53.1%
Commercial (general)
$1.3M
+49.0%
Industrial (general)
$1.2M
+43.9%
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 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
$825,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$850,000
Current use
RETAIL STORES
$1,305,000
Change: +53% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,270,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,225,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$80 / 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
$7,258
Tax year 2023
Assessed value
$655,800
Assessed 2023
Previous assessed
$624,000
+5.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$188,500
Assessed improvement
$467,300
Total market value
$672,300
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
1989
Heating
NONE
Units
1
Total area
10,253 SF
Lot
1.6 ac (69,827 SF)
Zoning code
C
APN
MNFV0005002009
UPID
US92-0889509
Jurisdiction
WAUKESHA
Zoning & alternative use
C · Menomonee Falls, WIZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$850,000
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1989
Heating
NONE
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Michelle A Hetzel
Individual
Mailing address
94TH GARWIN MACE DR, MENOMONEE FALLS, WI 53051-1651
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 15, 2025
—
Michelle A Hetzel
Jbeam LLC
Warranty Deed
$473,000 · Bmo Bank NA
Mar 7, 2025
—
Jbeam LLC
—
Deed
related
$473,206 · Bmo Bank NA
Jan 7, 2020
$707,500
Jbeam LLC
Council Crest Properties LLC
Warranty Deed
$566,000 · Associated Bank NA
Jan 17, 2019
$1,900,000
Council Crest Properties LLC
Nigbor D J & P J Trust
Trustees Deed
$1,665,000 · Wisconsin Bk&tr
Jan 6, 2014
$525,000
14588 Building LLC
Space Managments Co LLC
Warranty Deed
$420,000 · Bmo Harris Bank NA
Nov 17, 2005
$600,000
Space Management Co LLC
Bando Mcglocklin Small Busn
Warranty Deed
$540,000 · Investorsbank
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 94th Garwin Mace 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.
