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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Super regional malls
161 Wisconsin Ave 1 Milwaukee, WI 53203-2630
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1298182
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1916
Total area
61,145 SF
Lot
0.27 ac (11,636 SF)
Zoning code
C9E
APN
397-0204-000
UPID
US92-1298182
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
-
Downtown Dental Group Dental Office
-
Viktoriia Senych Health Care Facility
-
Debbink Nancy MD Physician Medical Clinic
-
Hayes Law Office Law Firm
-
Martin D. Stein Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.12M
Blend (final)
Blend
$5.38M
Owner & transaction history
Haggeros Mall LLC · 10 yrs held
Haggeros Mall LLC
since 2015
7 recorded transactions
Zoning & alternative use
C9E · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+36.7%
Auto repair, garage
$7.3M
+28.2%
Retail stores
$6.6M
+15.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$5,690,000
Current use
RESTAURANT
$7,775,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,295,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$6,580,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$6,295,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,305,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$4,845,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±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
$88 / 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
$113,459
Tax year 2022
Assessed value
$4,765,200
Assessed 2022
Previous assessed
$4,765,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$872,700
Assessed improvement
$3,892,500
Land market value
$872,700
Improvement market value
$3,892,500
Total market value
$4,765,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1916
Heating
NONE
Stories
1
Units
7
Total area
61,145 SF
Lot
0.27 ac (11,636 SF)
Zoning code
C9E
APN
397-0204-000
UPID
US92-1298182
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1916
Heating
NONE
Stories
1
Units
7
Lot
0.27 ac
Current owner
From public records · entity-resolved
Haggeros Mall LLC
Entity
Mailing address
10050 CROSSTOWN CIR STE #600, EDEN PRAIRIE, MN 55344-3347
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
—
Haggero S Mall Plakinton Spe LLC
—
Deed
related
$12,500,000 · Community First Cu
Apr 2, 2018
—
Haggeros Mall LLC
—
Grant Deed
related
$4,950,000 · Premier Bk
Nov 14, 2017
—
Haggeros Mall LLC
—
Loan Modification
related
$2,350,000 · Milwaukee Urban Strategic Inve
Dec 22, 2015
$1,500,000
Haggeros Mall LLC
Grand Avenue Mall LLC
Grant Deed
$2,000,000 · Milwaukee Urban Strategic Inv
Dec 11, 2014
$16,500,000
Grand Avenue Mall LLC
West Wisconsin Avenue Hol 275
Grant Deed
—
Nov 20, 2012
$8,500,000
Banc Of America SR 2005-mib1 Trust
Sheriff Of Milwaukee County
Foreclosure
related
—
Aug 18, 2005
$31,656,800
Grand Avenue City Mall LLC
New Arcade LLC
Grant Deed
$23,100,000 · Ixis R/e Cap
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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