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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
1626 Fond Du Lac Ave Milwaukee, WI 53205-1228
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-3398681
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Total area
6,540 SF
Lot
0.47 ac (20,457 SF)
Zoning code
CS
APN
351-0916-100
UPID
US92-3398681
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
-
Milwaukee Advanced Foot & Ankle Clinic: Mexton Deacon, DPM Physician
-
Santana Rohan Deacon Physician
-
Milwaukee Advanced Physical Therapy LLC Physician
-
Dr. Mexton Deacon Physician
-
Sable Law Group - WI, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$735k
Owner & transaction history
Ragga Heldings LLC · 6 yrs held
Ragga Heldings LLC
since 2020
Last sale
$705,700
7 recorded transactions
Zoning & alternative use
CS · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+113.9%
Restaurant
$830,000
+60.5%
Auto repair, garage
$780,000
+50.6%
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
$695,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,110,000
Change: +114% · Conversion: Easy
RESTAURANT
$830,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$780,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$675,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $706k (Apr 13 2020)
Last sale anchor
$706k
Apr 13 2020
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
$112 / 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
$17,079
Tax year 2022
Assessed value
$717,300
Assessed 2022
Previous assessed
$717,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$53,700
Assessed improvement
$663,600
Land market value
$53,700
Improvement market value
$663,600
Total market value
$717,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1923
Heating
NONE
Cooling
YES
Stories
1
Units
3
Total area
6,540 SF
Lot
0.47 ac (20,457 SF)
Zoning code
CS
APN
351-0916-100
UPID
US92-3398681
Jurisdiction
MILWAUKEE
Zoning & alternative use
CS · Milwaukee, WI
Zoning CS · permitted uses
CS · 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
OFFICE BUILDING Current
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$565,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1923
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
Ragga Heldings LLC
Entity
Mailing address
1626 W FOND DU LAC AVE, MILWAUKEE, WI 53205-1228
Ownership since
2020
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
Apr 13, 2020
$705,700
Ragga Heldings LLC
Maar Ents LLC
Warranty Deed
$693,160 · Miscellaneous Govt Agcy
Feb 11, 2020
—
Maar Ents LLC
Space Developers LLC
Quit Claim Deed
related
—
Jan 7, 2016
$438,500
Maar Enterprises LLC
Space Developers LLC
Warranty Deed
$392,500 · Spring Bank
Sep 4, 2014
—
Space Developers LLC
—
Deed Of Trust
related
$225,000 · Miscellaneous Govt Agcy
Jun 29, 2007
$100,000
Space Developers LLC
Redevelopment Authority Of City/m
Quit Claim Deed
—
Mar 13, 2007
—
Redevelopment Authority Of City & M
City Of Milwaukee
Quit Claim Deed
related
—
—
—
Space Developers LLC
—
Deed Of Trust
related
$235,000 · 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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