New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Bars & Pubs
1701 Arlington Pl 1715, Milwaukee, WI 53202-1618
Entity Owned
15-yr Hold
Absentee Owner
Property ID
US92-2039752
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1883
Total area
9,246 SF
Lot
0.35 ac (15,381 SF)
Zoning code
LB2
APN
355-2031-000
UPID
US92-2039752
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
-
ATM Atm
-
HiHat Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.02M
Owner & transaction history
Hi Hat Real Estate LLC · 15 yrs held
Hi Hat Real Estate LLC
since 2010
7 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+43.8%
Commercial (general)
$1.2M
+2.6%
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
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
RESTAURANT
$1,175,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,690,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,205,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$110 / 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
$28,486
Tax year 2022
Assessed value
$1,196,400
Assessed 2022
Previous assessed
$1,196,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$384,500
Assessed improvement
$811,900
Land market value
$384,500
Improvement market value
$811,900
Total market value
$1,196,400
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1883
Heating
NONE
Cooling
YES
Stories
2
Units
4
Total area
9,246 SF
Lot
0.35 ac (15,381 SF)
Zoning code
LB2
APN
355-2031-000
UPID
US92-2039752
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
RESTAURANT Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$950,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1883
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hi Hat Real Estate LLC
Entity
Mailing address
3618 W PIERCE ST #250, MILWAUKEE, WI 53215-1055
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2019
—
Hi Hat Real Estate LLC
—
Deed
related
$753,650 · State Bk/chilton
Nov 7, 2017
—
Hi Hat Real Estate LLC
—
Deed
related
$100,000 · State Bk/chilton
Jul 31, 2017
—
Hi Hat Real Estate LLC
—
Deed
related
$500,000 · State Bk/chilton
Feb 23, 2017
—
Hi Hat Real Estate LLC
—
Deed
related
$350,000 · State Bk/chilton
Sep 15, 2016
—
Hi Hat Real Estate LLC
—
Deed
related
$800,000 · State Bk/chilton
Sep 14, 2016
—
Hi Hat Real Estate LLC
—
Deed
related
—
Sep 12, 2016
—
Hi Hat Real Estate LLC
—
Deed
related
$500,000 · State Bk/chilton
Oct 21, 2010
$1,190,000
Hi Hat Real Estate LLC
Porticello Corp
Warranty Deed
$600,000 · Tri Cty Nat'l Bk
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$869,025 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$753,650 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$600,000 · Tri Cty Nat'l Bk
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$100,000 · Tri Cty Nat'l Bk
—
—
Porticello Corp
—
Deed Of Trust
related
$100,000 · Tri Cty Nat'l Bk
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
—
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$800,000 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$500,000 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$500,000 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$350,000 · State Bk/chilton
—
—
Hi Hat Real Estate LLC
—
Deed Of Trust
related
$100,000 · State Bk/chilton
—
—
Porticello Corp
—
Deed Of Trust
related
$750,000 · Tri Cty Nat'l 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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