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Property profile & analytics
OFF-MARKET
Estimated value
$8,750,000
Office buildings
101 Wisconsin Ave 4 Milwaukee, WI 53203-2501
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0957488
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
106,202 SF
Lot
0.43 ac (18,937 SF)
Zoning code
C9E
APN
397-0334-000
UPID
US92-0957488
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
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$8.75M
Owner & transaction history
Aso South LLC · 2 yrs held
Aso South LLC
since 2024
Last sale
$8.8M
1 recorded transaction
Zoning & alternative use
C9E · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+60.5%
Auto repair, garage
$12.7M
+50.6%
Retail stores
$11.4M
+35.8%
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
$8,750,000
ML approach
$8,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,415,000
Current use
RESTAURANT
$13,505,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,670,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$11,430,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$10,930,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,880,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,215,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$8.75M
Range $7.88M – $9.63M · ±10% · vs last sale $8.75M (May 20 2024)
Last sale anchor
$8.75M
May 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
$82 / 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
$241,964
Tax year 2022
Assessed value
$10,162,300
Assessed 2022
Previous assessed
$10,162,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,320,900
Assessed improvement
$8,841,400
Land market value
$1,320,900
Improvement market value
$8,841,400
Total market value
$10,162,300
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
Status
Off-Market
Year built
1900
Heating
NONE
Stories
6
Units
7
Total area
106,202 SF
Lot
0.43 ac (18,937 SF)
Zoning code
C9E
APN
397-0334-000
UPID
US92-0957488
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
$8.4M
RESTAURANT
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$12.7M
RETAIL STORES
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1900
Heating
NONE
Stories
6
Units
7
Lot
0.43 ac
Current owner
From public records · entity-resolved
Aso South LLC
Entity
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
$8,750,000
Aso South LLC
American Socierty For Quality INC
Condominium Deed
—
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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