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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
1607 Astor St Milwaukee, WI 53202-2107
Individually Owned
1-yr Hold
Property ID
US92-0113781
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
5,542 SF
Lot
0.09 ac (3,870 SF)
Zoning code
RM4
APN
360-0553-000
UPID
US92-0113781
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
-
Dynamic Towing Service, LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$505k
Owner & transaction history
Ryan Pattee · 1 yrs held
Ryan Pattee
since 2024
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
RM4 · 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
Method
Estimation
Statistic approach
$525,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Current use
RESTAURANT
$705,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Jul 14 2022)
Last sale anchor
$500k
Jul 14 2022
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
$91 / 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
$11,117
Tax year 2022
Assessed value
$466,900
Assessed 2022
Previous assessed
$466,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$96,800
Assessed improvement
$370,100
Land market value
$96,800
Improvement market value
$370,100
Total market value
$466,900
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
1890
Heating
YES
Stories
2
Units
4
Total area
5,542 SF
Lot
0.09 ac (3,870 SF)
Zoning code
RM4
APN
360-0553-000
UPID
US92-0113781
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM4 · Milwaukee, WI
Zoning RM4 · permitted uses
RM4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$725,000
RESTAURANT
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$660,000
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1890
Heating
YES
Stories
2
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Ryan Pattee
Individual
Mailing address
PO BOX 806, MUSKEGO, WI 53150-0806
Ownership since
2024
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
Dec 17, 2024
—
Ryan Pattee
211 Florida LLC
Quitclaim Deed
related
—
Jul 14, 2022
$500,000
211 Florida LLC
Von Zolper Properties LLC
Warranty Deed
$30,000 · Von Zolper Properties LLC
Sep 2, 2014
—
Shane Zolper
Maryland Real Estate LLC
Quit Claim Deed
related
—
Dec 14, 2004
—
Maryland Real Estate LLC
Robert Worth
Quit Claim Deed
related
$275,000 · M&i Marshall & Ilsley Bk
—
—
Worth,robert
—
Deed Of Trust
related
$125,000 · Equitable 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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