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Property profile & analytics
OFF-MARKET
Commercial real estate
Cortez Rd, Franklin, WI 53132
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1562302
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.95 ac (84,885 SF)
Zoning code
RESIDENTIAL:1 FAMILY
APN
748-9959-003
UPID
US92-1562302
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Plus Materials LLC · 1 yrs held
Plus Materials LLC
since 2024
Last sale
$175,000
7 recorded transactions
Zoning & alternative use
RESIDENTIAL:1 FAMILY · Franklin, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$335
Tax year 2022
Assessed value
$19,100
Assessed 2022
Effective rate
1.75%
On assessed value
Assessed land
$19,100
Total market value
$19,700
Applied tax rate
74.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.95 ac (84,885 SF)
Zoning code
RESIDENTIAL:1 FAMILY
APN
748-9959-003
UPID
US92-1562302
Jurisdiction
MILWAUKEE
Zoning & alternative use
RESIDENTIAL:1 FAMILY · Franklin, WI
Zoning RESIDENTIAL:1 FAMILY · permitted uses
RESIDENTIAL:1 FAMILY · Franklin, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.95 ac
Current owner
From public records · entity-resolved
Plus Materials LLC
Entity
Mailing address
11217 W FRST HOME AVE STE #1, FRANKLIN, WI 53132-1272
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
$175,000
Plus Materials LLC
Acg Acquisitions 10 LLC
Warranty Deed
$131,250 · Dlp Bank
Jul 21, 2022
—
Acg Acquistions 10 LLC
—
Deed
related
$1,984,000 · Citizens Bank
Oct 22, 2021
—
Acg Acquisitions 10 LLC
—
Deed
related
$1,320,000 · Citizens Bank
Jun 12, 2018
—
Ry Holdings Property 300 LLC
—
Deed
related
$270,000 · Citizens Bk
Jun 27, 2016
$1,270,000
Ry Holdings Property 300 LLC
Erkmanis Family Corporation
Warranty Deed
$952,500 · Citizens Bank
—
—
Erkmanis Family Corp
—
Deed Of Trust
related
$175,000 · Anchor Bank Fsb
—
—
Ry Holdings Property 300 LLC
—
Deed Of Trust
related
$270,000 · Citizens Bk
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
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