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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Hotels
11333 Silver Spg Dr, Milwaukee, WI 53225-3113
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-3459290
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1981
Total area
59,893 SF
Lot
2.19 ac (95,484 SF)
Zoning code
LB1
APN
183-0283-000
UPID
US92-3459290
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
$3.67M
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Milwaukee 45 Hospitality LLC · 4 yrs held
Milwaukee 45 Hospitality LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+190.7%
Retail stores
$4.5M
+184.7%
Warehouse, storage
$3.2M
+103.0%
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
$3,630,000
ML approach
$3,665,000
CAP Approach
CAP Return
Estimation
6%
$2,175,000
6.5%
$2,010,000
7%
$1,865,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,625,000
Change: +191% · Conversion: Difficult
RETAIL STORES
$4,530,000
Change: +185% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,230,000
Change: +103% · Conversion: Difficult
OFFICE BUILDING
$3,225,000
Change: +103% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $3.00M (May 26 2022)
Last sale anchor
$3.00M
May 26 2022
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
$51 / 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
$92,297
Tax year 2022
Assessed value
$3,876,400
Assessed 2022
Previous assessed
$3,876,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$271,100
Assessed improvement
$3,605,300
Land market value
$271,100
Improvement market value
$3,605,300
Total market value
$3,876,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Stories
3
Units
128
Total area
59,893 SF
Lot
2.19 ac (95,484 SF)
Zoning code
LB1
APN
183-0283-000
UPID
US92-3459290
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB1 · Milwaukee, WI
Zoning LB1 · permitted uses
LB1 · 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
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1981
Heating
YES
Cooling
Yes
Stories
3
Units
128
Lot
2.19 ac
Current owner
From public records · entity-resolved
Milwaukee 45 Hospitality LLC
Entity
Mailing address
2401 PRIOR AVE N, SAINT PAUL, MN 55113-2714
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$3,000,000
Milwaukee 45 Hospitality LLC
Ghanshyam LLC
Special Warranty Deed
$3,000,000 · State Bank Of Texas
Oct 15, 2018
—
Ghanshyam LLC
—
Deed
related
$2,065,000 · First Bank Financial Centre
Oct 12, 2018
—
Ghanshyam LLC
—
Deed
related
$1,480,000 · Private Individual
Oct 26, 2016
$3,400,000
Supreme Bright Portfolio II Ll
Lq Properties LLC
Grant Deed
—
Oct 26, 2016
$3,500,000
Ghanshyam LLC
Supreme Bright Portfolio II LLC
Special Warranty Deed
$2,065,000 · First Bank Financial Centre
Feb 20, 2006
$5,600,000
Bre Of Lq Properties INC
Laquinta Properties INC
Grant Deed
$2,075,000,000 · Other Institutional Lenders
Sep 14, 2004
$3,135,700
Laquinta Properties INC
Marcus Consid LLC
Warranty Deed
—
Jul 19, 2004
—
Marcus Consid LLC
B & G Realty INC
Warranty Deed
related
—
—
—
Ghanshyam LLC
—
Deed Of Trust
related
$1,480,000 · Private Individual
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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