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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Investment properties
1333 1335th N Martin L King Jr Dr Milwaukee, WI 53212
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1266712
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1921
Total area
5,178 SF
Lot
0.09 ac (3,750 SF)
Zoning code
IL2
APN
361-0326-000
UPID
US92-1266712
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
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$695k
Owner & transaction history
1333 Mlk LLC · 1 yrs held
1333 Mlk LLC
since 2025
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
IL2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$955,000
+143.3%
Restaurant
$660,000
+67.6%
Auto repair, garage
$620,000
+57.2%
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
$730,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Change: +143% · Conversion: Moderate
RESTAURANT
$660,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $675k (Jun 5 2025)
Last sale anchor
$675k
Jun 5 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
$134 / 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
$8,519
Tax year 2022
Assessed value
$357,800
Assessed 2022
Previous assessed
$357,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$56,300
Assessed improvement
$301,500
Land market value
$56,300
Improvement market value
$301,500
Total market value
$357,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1921
Heating
YES
Stories
2
Units
3
Total area
5,178 SF
Lot
0.09 ac (3,750 SF)
Zoning code
IL2
APN
361-0326-000
UPID
US92-1266712
Jurisdiction
MILWAUKEE
Zoning & alternative use
IL2 · Milwaukee, WI
Zoning IL2 · permitted uses
IL2 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$955,000
RESTAURANT
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$620,000
MEDICAL BUILDING
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1921
Heating
YES
Stories
2
Units
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
1333 Mlk LLC
Entity
Mailing address
1335 N DR MARTIN LUTHER KING JR DRJR, MILWAUKEE, WI 53212-4024
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$675,000
1333 Mlk LLC
Cream City Aquatics LLC
Warranty Deed
$506,250 · Velocity Commercial Capital LLC
May 3, 2022
$625,000
Cream City Aquatics LLC
Brian L Mosehart
Warranty Deed
$250,000 · Milwaukee Economic Development Corp
Dec 8, 2009
$235,000
Mosehart,brian L
Inspector Of Milwaukee County
Foreclosure
related
—
Apr 20, 2007
$280,000
Brooks,adrian L
Brian L Mosehart
Warranty Deed
$280,000 · Brian L Mosehart
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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