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Property profile & analytics
OFF-MARKET Estimated value $400,000
Retail space

1631 Vel R Phillips Ave 1647 Milwaukee, WI 53212-3805

10,268 SF 0.84 ac lot Built 1979
Entity Owned 19-yr Hold Free & Clear
Property ID
US92-3397728
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 10,268 SF
Lot 0.84 ac (36,557 SF)
Zoning code IL2
APN 361-0165-110
UPID US92-3397728
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
$916k
Blend (final) Blend
$400k
Owner & transaction history
Raz Investment Co LLC · 19 yrs held
Raz Investment Co LLC
since 2007
6 recorded transactions
2007
$200,000
2004
$125,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IL2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…

Zone name Industrial Light
General category INDUSTRIAL
Source Master V2
Top alternative use upside
Restaurant $1.3M +73.9%
Auto repair, garage $1.2M +63.1%
Medical building $1.1M +40.7%
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