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Property profile & analytics
OFF-MARKET
Estimated value
$8,950,000
Commercial real estate
1008 Milwaukee Ave Burlington, WI 53105-1362
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-1231407
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
48,326 SF
Lot
5.65 ac (246,114 SF)
APN
206 031928021102
UPID
US92-1231407
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
$8.95M
CAP Approach
CAP
$7.70M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$8.95M
Owner & transaction history
The Kroger Co · 1 yrs held
The Kroger Co
since 2024
Last sale
$9.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+71.3%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$8,950,000
ML approach
$8,950,000
CAP Approach
CAP Return
Estimation
6%
$8,335,000
6.5%
$7,695,000
7%
$7,145,000
Alternative Use
Use
Estimation
RESTAURANT
$8,220,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$8.95M
Range $8.06M – $9.85M · ±10% · vs last sale $8.95M (Aug 20 2024)
Last sale anchor
$8.95M
Aug 20 2024
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
$185 / 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
$103,687
Tax year 2023
Assessed value
$6,953,100
Assessed 2023
Previous assessed
$6,953,100
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$959,100
Assessed improvement
$5,994,000
Land market value
$975,688
Improvement market value
$6,097,674
Total market value
$7,073,362
Applied tax rate
206.0000
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
Year built
2008
Heating
NONE
Total area
48,326 SF
Lot
5.65 ac (246,114 SF)
APN
206 031928021102
UPID
US92-1231407
Jurisdiction
RACINE
Zoning & alternative use
Zoning · permitted uses
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
RESTAURANT
Est. value
$8.2M
RESTAURANT
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
2008
Heating
NONE
Lot
5.65 ac
Current owner
From public records · entity-resolved
The Kroger Co
Entity
Free & Clear · 1 yrs held
Mailing address
875 E WISCONSIN AVE, MILWAUKEE, WI 53202-5404
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$8,950,000
The Kroger Co
Realty Income Burlington Milwaukee
Special Warranty Deed
—
May 12, 2011
$8,170,800
Inland Diversified Burlington
Pbjc Burlington LLC
Grant Deed
$4,490,000 · J P Morgan Chase Bank
—
—
Pbjc Burlington LLC
—
Deed Of Trust
related
$240,000 · Business 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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