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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Medical Office Space
1635 National Ave Milwaukee, WI 53204-1130
Entity Owned
6-yr Hold
Free & Clear
Property ID
US92-0938016
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1947
Total area
33,428 SF
Lot
0.79 ac (34,438 SF)
Zoning code
LB2
APN
433-1001-100
UPID
US92-0938016
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 County Access Clinic - South Crisis Center Medical Clinic
-
Family Trust Insurance Insurance Agency
-
Sixteenth Street Community Health Centers - Mental Health Support Center Community Health Centre Health Care Facility
-
Dr. Amanda Liewen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.59M
Owner & transaction history
Sschc Real Estate INC · 6 yrs held
Sschc Real Estate INC
since 2020
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+15.9%
Apartment house (5+ units)
$3.6M
+4.8%
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
$2,580,000
ML approach
$2,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,440,000
Current use
AUTO REPAIR, GARAGE
$3,985,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,605,000
Change: +5% · Conversion: Moderate
RESTAURANT
$3,280,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10% · vs last sale $2.62M (Apr 3 2020)
Last sale anchor
$2.62M
Apr 3 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
$77 / 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
$111
Tax year 2022
Assessed value
$1,699,100
Assessed 2022
Previous assessed
$1,699,100
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$137,800
Assessed improvement
$1,561,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1947
Heating
YES
Stories
2
Units
1
Total area
33,428 SF
Lot
0.79 ac (34,438 SF)
Zoning code
LB2
APN
433-1001-100
UPID
US92-0938016
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
MEDICAL BUILDING Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1947
Heating
YES
Stories
2
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Sschc Real Estate INC
Entity
Free & Clear · 6 yrs held
Mailing address
1032 S CESAR E CHAVEZ DR, MILWAUKEE, WI 53204-2203
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
Sschc Real Estate INC
—
Deed Of Trust
related
$6,370,000 · Community Benefit Sub Cde 17 L
Apr 3, 2020
$2,615,000
Sschc Real Estate INC
Badger Mutual Insurance Co
Warranty Deed
—
Oct 14, 2005
—
Badger Mutual Insurance Co
City Of Milwaukee
Quit Claim Deed
related
—
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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