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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
1300 Locust St, Milwaukee, WI 53212-2644
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-0376115
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
8,690 SF
Lot
0.64 ac (27,851 SF)
Zoning code
NS2
APN
315-9986-111
UPID
US92-0376115
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$855k
Owner & transaction history
Alsaher Reality Group LLC
Alsaher Reality Group LLC
since 2025
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
NS2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+73.9%
Auto repair, garage
$1.0M
+63.1%
Medical building
$895,000
+40.7%
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
RETAIL STORES
$635,000
Current use
RESTAURANT
$1,105,000
Change: +74% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$690,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $800k (Jun 25 2025)
Last sale anchor
$800k
Jun 25 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
$98 / 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
$21,177
Tax year 2022
Assessed value
$889,400
Assessed 2022
Previous assessed
$889,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$111,400
Assessed improvement
$778,000
Land market value
$111,400
Improvement market value
$778,000
Total market value
$889,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
YES
Stories
1
Units
1
Total area
8,690 SF
Lot
0.64 ac (27,851 SF)
Zoning code
NS2
APN
315-9986-111
UPID
US92-0376115
Jurisdiction
MILWAUKEE
Zoning & alternative use
NS2 · Milwaukee, WI
Zoning NS2 · permitted uses
NS2 · 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
RETAIL STORES Current
Est. value
$635,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
OFFICE BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$660,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1962
Heating
YES
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Alsaher Reality Group LLC
Entity
Mailing address
7940 VIA DELLAGIO WAY STE #200, ORLANDO, FL 32819-5400
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
$800,000
Alsaher Reality Group LLC
Dg6 Milwaukee 4 Guys LLC
Special Warranty Deed
$592,000 · Tri City National Bank
Mar 21, 2013
$875,000
Dg6 Milwaukee 4 Guys LLC
Locust Milwaukee LLC
Grant Deed
—
Aug 5, 2009
$265,000
Locust Milwaukee LLC
Candy Heinemann
Warranty Deed
—
—
—
Dg6 Milwaukee 4 Guys LLC
—
Deed Of Trust
related
$4,300,000 · Keybank USA
—
—
Heinemann Candy Co
—
Deed Of Trust
related
$175,000 · Port Washington St 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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