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Property profile & analytics
OFF-MARKET
Estimated value
$5,465,000
Office buildings
101 Pleasant St, Milwaukee, WI 53212-3963
Entity Owned
7-yr Hold
Free & Clear
Property ID
US92-0817856
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Total area
54,220 SF
Lot
0.85 ac (36,986 SF)
Zoning code
C9G
APN
361-1844-000
UPID
US92-0817856
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
Current use
Occupant on record · Public records
-
My Dwelling Leasing Service Real Estate Agency
-
Milwaukee RiverWalk District Resort
-
Bucks Health and Wellness Weight Loss Service Medical Office
-
West Bend Community Foundation Charitable Organization
-
Aspen Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.67M
Blend (final)
Blend
$5.47M
Owner & transaction history
Sp Milwaukee Propcol LLC · 7 yrs held
Sp Milwaukee Propcol LLC
since 2019
4 recorded transactions
Zoning & alternative use
C9G · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+60.5%
Auto repair, garage
$6.5M
+50.6%
Medical building
$5.6M
+29.9%
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 Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee 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
OFFICE BUILDING
$4,295,000
Current use
RESTAURANT
$6,895,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,465,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$5,580,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,045,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,115,000
Change: -4% · Conversion: Easy
RETAIL STORES
$3,965,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±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
$101 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$158,015
Tax year 2022
Assessed value
$6,636,500
Assessed 2022
Previous assessed
$6,636,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$517,800
Assessed improvement
$6,118,700
Land market value
$517,800
Improvement market value
$6,118,700
Total market value
$6,636,500
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1920
Heating
YES
Stories
2
Units
8
Total area
54,220 SF
Lot
0.85 ac (36,986 SF)
Zoning code
C9G
APN
361-1844-000
UPID
US92-0817856
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WI
Zoning C9G · permitted uses
C9G · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1920
Heating
YES
Stories
2
Units
8
Lot
0.85 ac
Current owner
From public records · entity-resolved
Sp Milwaukee Propcol LLC
Entity
Free & Clear · 7 yrs held
Mailing address
301 COMMERCE ST STE #3300, FORT WORTH, TX 76102-4133
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2019
$101,250,000
Sp Milwaukee Propcol LLC
The Brewery Works INC
Special Warranty Deed
—
Aug 10, 2009
$5,900,000
101 West Pleasant LLC
Schlitz Park Associates II
Quit Claim Deed
related
$4,600,000 · Investorsbank
—
—
101 West Pleasant LLC
—
Loan Modification
related
$19,300,000 · Us Bk
—
—
101 West Pleasant LLC
—
Loan Modification
related
$25,739,422 · Us 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.
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