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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Bars & Pubs
1230 Van Buren St Milwaukee, WI 53202-2607
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-0757734
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1966
Total area
5,752 SF
Lot
0.44 ac (19,151 SF)
Zoning code
C9A(A)
APN
392-2022-111
UPID
US92-0757734
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
-
ATM Atm
-
Victor's Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$995k
Owner & transaction history
1230 Van Buren LLC · 1 yrs held
1230 Van Buren LLC
since 2025
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
C9A(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+43.8%
Commercial (general)
$750,000
+2.6%
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
$1,080,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,050,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$750,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Mar 28 2025)
Last sale anchor
$1.00M
Mar 28 2025
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
$173 / 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
$26,274
Tax year 2022
Assessed value
$1,103,500
Assessed 2022
Previous assessed
$1,103,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$574,500
Assessed improvement
$529,000
Land market value
$574,500
Improvement market value
$529,000
Total market value
$1,103,500
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Stories
1
Units
31
Total area
5,752 SF
Lot
0.44 ac (19,151 SF)
Zoning code
C9A(A)
APN
392-2022-111
UPID
US92-0757734
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9A(A) · Milwaukee, WI
Zoning C9A(A) · permitted uses
C9A(A) · 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
RESTAURANT Current
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$685,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1966
Heating
YES
Cooling
Yes
Stories
1
Units
31
Lot
0.44 ac
Current owner
From public records · entity-resolved
1230 Van Buren LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2968 N SHEPARD AVE, MILWAUKEE, WI 53211-3434
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$1,000,000
1230 Van Buren LLC
Mary Ann G Jones Revocable Trust
Warranty Deed
—
Feb 28, 2022
—
Mary Ann G Jones Revocable Trust
Mary Ana Jones
Intrafamily Transfer
related
—
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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