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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Parking lots & garages
1458 Franklin Pl Milwaukee, WI 53202
Entity Owned
~
Est. High Equity
Property ID
US92-3520991
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.06 ac (2,526 SF)
Zoning code
RM6
APN
359-0819-000
UPID
US92-3520991
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Wisconsin Home Search LLC
Wisconsin Home Search LLC
since 2025
Last sale
$690,000
5 recorded transactions
Zoning & alternative use
RM6 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,500
Tax year 2022
Assessed value
$105,000
Assessed 2022
Previous assessed
$105,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$93,000
Assessed improvement
$12,000
Land market value
$93,000
Improvement market value
$12,000
Total market value
$105,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Units
10
Lot
0.06 ac (2,526 SF)
Zoning code
RM6
APN
359-0819-000
UPID
US92-3520991
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM6 · Milwaukee, WI
Zoning RM6 · permitted uses
RM6 · 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.
Building & site characteristics
From public records
Heating
NONE
Units
10
Lot
0.06 ac
Current owner
From public records · entity-resolved
Wisconsin Home Search LLC
Entity
Mailing address
1457 N FARWELL AVE, MILWAUKEE, WI 53202-2903
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
Oct 21, 2025
$690,000
Wisconsin Home Search LLC
Studio Properties LLC
Warranty Deed
$500,000 · Ixonia Bank
Jan 31, 2025
—
Studio Properties LLC
—
Deed
related
$700,000 · Dominick Zarcone
Mar 16, 2007
$87,000
Studio Properties LLC
Timothy J Edwards
Warranty Deed
$68,558 · Park Bank
Jun 28, 2004
$42,500
Edwards,timothy J
Ace Vanlines & Movers INC
Warranty Deed
$34,000 · Midamerica Bk Fsb
—
—
Studio Properties LLC
—
Deed Of Trust
related
$240,000 · Miscellaneous Govt Agcy
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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