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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
1737 Palmer St Milwaukee, WI 53212-3924
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-3283381
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1907
Total area
13,428 SF
Lot
0.17 ac (7,544 SF)
Zoning code
C9B(A)
APN
353-0970-000
UPID
US92-3283381
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
-
Donlyfe Apperal Clothing Store
-
Norman Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$675k
Owner & transaction history
Literacy Services Of Wilsonsin INC · 1 yrs held
Literacy Services Of Wilsonsin INC
since 2024
Last sale
$885,000
7 recorded transactions
Zoning & alternative use
C9B(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$605,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,065,000
Current use
COMMERCIAL (GENERAL)
$1,020,000
Change: -4% · Conversion: Easy
RETAIL STORES
$980,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $885k (Apr 30 2024)
Last sale anchor
$885k
Apr 30 2024
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
$50 / 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
$15,115
Tax year 2022
Assessed value
$634,800
Assessed 2022
Previous assessed
$634,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$105,600
Assessed improvement
$529,200
Land market value
$105,600
Improvement market value
$529,200
Total market value
$634,800
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 (MULTI-STORY)
Status
Off-Market
Year built
1907
Heating
YES
Cooling
YES
Stories
2
Units
13
Total area
13,428 SF
Lot
0.17 ac (7,544 SF)
Zoning code
C9B(A)
APN
353-0970-000
UPID
US92-3283381
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9B(A) · Milwaukee, WI
Zoning C9B(A) · permitted uses
C9B(A) · 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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$980,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1907
Heating
YES
Cooling
Yes
Stories
2
Units
13
Lot
0.17 ac
Current owner
From public records · entity-resolved
Literacy Services Of Wilsonsin INC
Entity
Mailing address
833 E MICHIGAN ST STE 1800TH MILWAUKEE
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
$885,000
Literacy Services Of Wilsonsin INC
1737 N Palmer LLC
Warranty Deed
$2,141,436 · First Citizens Bank & Trust Co
Oct 17, 2022
$500,000
1737 N Palmer LLC
Three Leaf Development LLC
Warranty Deed
—
Oct 26, 2020
$550,000
Three Leaf LLC
Wiegand Investments 755 LLC
Warranty Deed
—
Oct 5, 2017
$580,000
Wiegand Investments 755 LLC
Milwaukee Fortress LLC
Quit Claim Deed
related
—
Feb 23, 2012
$50,000
Milwakee Fortress LLC
Waterstone Bank Ssb
Quit Claim Deed
related
$445,000 · Waterstone Bank Ssb
Jan 20, 2010
$770,000
Waterstone Bk Ssb
Inspector Of Milwaukee County
Foreclosure
related
—
Mar 17, 2008
—
Olson,timothy J
Palmer 1737 LLC
Quit Claim Deed
related
—
Jun 28, 2005
—
Palmer 1737 LLC
Timothy J Olson
Quit Claim Deed
related
$800,000 · Wauwatosa Savings Bank
Jan 5, 2004
—
Palmer Lofts LLC
Timothy J Olson
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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