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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Retail space
96th County Line Rd Menomonee Falls, WI 53051-7100
Trust Owned
3-yr Hold
Free & Clear
Property ID
US92-0835457
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
35,794 SF
Lot
4.13 ac (179,903 SF)
Zoning code
B
APN
MNFV0014988
UPID
US92-0835457
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
$4.82M
Blend (final)
Blend
$3.99M
Owner & transaction history
Kraus Trust · 3 yrs held
Kraus Trust
since 2022
6 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.2M
+13.7%
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
RETAIL STORES
$4,555,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,180,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,435,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,280,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$111 / 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
$51,083
Tax year 2023
Assessed value
$4,582,000
Assessed 2023
Previous assessed
$3,101,700
+47.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,637,100
Assessed improvement
$2,944,900
Total market value
$4,697,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
NONE
Total area
35,794 SF
Lot
4.13 ac (179,903 SF)
Zoning code
B
APN
MNFV0014988
UPID
US92-0835457
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
RETAIL STORES Current
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
NONE
Lot
4.13 ac
Current owner
From public records · entity-resolved
Kraus Trust
Trust
Free & Clear · 3 yrs held
Mailing address
3485 EDGE O WOODS DR, BROOKFIELD, WI 53005-2942
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
Nov 21, 2022
—
Kraus Trust
Maple Ridge Commercial Rentals LLC
Warranty Deed
—
May 11, 2021
—
Maple Ridge Commercial Rentals LLC
Debra K Bartz
Quit Claim Deed
related
$1,500,000 · T Mac Investments LLC
May 19, 2005
$11,900
Waukesha County
Bartz,donald O & Debra K
Warranty Deed
—
Jul 8, 1999
$1,832,000
Schwalbe,richard A & Ann M
Heinlein,william A
Trustees Deed
—
—
—
Richard A Schwalbe
—
Deed Of Trust
related
$1,465,600 · First Fsb La Crosse Madison
—
—
Alvin Frischmann
—
Deed Of Trust
related
$327,250 · Accredited Home Lenders
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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