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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Investment properties
157 159th S 1st St Milwaukee, WI 53204
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-0379298
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1882
Total area
6,708 SF
Lot
0.06 ac (2,505 SF)
Zoning code
IM
APN
428-0234-000
UPID
US92-0379298
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
-
Salon Belle Toi by Sarah Hair Salon
-
Raven and Blonde | Hair and Makeup Artistry Hair Salon Nail Salon
-
B Beauty Hair Salon
-
Premier SEO Agency Advertising Agency Marketing & Advertising
-
Noel Jordan Beauty Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$705k
Owner & transaction history
Las Investments LLC · 12 yrs held
Las Investments LLC
since 2013
5 recorded transactions
Zoning & alternative use
IM · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+159.8%
Auto repair, garage
$800,000
+92.5%
Apartment house (5+ units)
$725,000
+74.1%
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
$1,080,000
Change: +160% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: +74% · Conversion: Moderate
MEDICAL BUILDING
$690,000
Change: +66% · Conversion: Easy
RESTAURANT
$660,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$105 / 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
$30,673
Tax year 2022
Assessed value
$1,288,250
Assessed 2022
Previous assessed
$1,288,250
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$50,000
Assessed improvement
$1,238,250
Land market value
$50,000
Improvement market value
$1,238,250
Total market value
$1,288,250
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
1882
Heating
YES
Stories
3
Units
3
Total area
6,708 SF
Lot
0.06 ac (2,505 SF)
Zoning code
IM
APN
428-0234-000
UPID
US92-0379298
Jurisdiction
MILWAUKEE
Zoning & alternative use
IM · Milwaukee, WI
Zoning IM · permitted uses
IM · 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
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$690,000
RESTAURANT
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
OFFICE BUILDING
Est. value
$530,000
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1882
Heating
YES
Stories
3
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Las Investments LLC
Entity
Mailing address
PO BOX 510937, MILWAUKEE, WI 53203-0161
Ownership since
2013
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 10, 2013
$300,000
Las Investments LLC
Nk Bullard Investments LLC
Warranty Deed
—
Nov 12, 2010
—
Nk Bullard Investments LLC
157 South First Street LLC
Warranty Deed
$244,000 · Jpmorgan Chase Bank NA
Jul 14, 2010
$231,500
Nk Bullard Investments LLC
157 South First Street LLC
Grant Deed
—
Jul 7, 2010
—
157 South First Street LLC
Jrb V LLC
Warranty Deed
—
—
—
Jrb V LLC
—
Deed Of Trust
related
$1,125,000 · Stephen W Kaniewski
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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