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Property profile & analytics
OFF-MARKET
Estimated value
$5,610,000
Hotels
174 Wisconsin Ave 184, Milwaukee, WI 53203-2507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-1100968
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1917
Total area
107,754 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C9E
APN
361-0649-100
UPID
US92-1100968
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
$7.76M
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.61M
Owner & transaction history
Ema Mke Hotel Re Owner LLC · 2 yrs held
Ema Mke Hotel Re Owner LLC
since 2023
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
C9E · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+190.7%
Neighborhood: shopping center
$4.7M
+63.7%
Apartment house (5+ units)
$4.5M
+58.6%
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
$7,825,000
ML approach
$7,755,000
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,615,000
7%
$3,355,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,320,000
Change: +191% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,685,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,540,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$5.61M
Range $5.05M – $6.17M · ±10% · vs last sale $6.00M (Oct 13 2023)
Last sale anchor
$6.00M
Oct 13 2023
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
$52 / 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
$237,826
Tax year 2022
Assessed value
$9,988,500
Assessed 2022
Previous assessed
$9,988,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,350,000
Assessed improvement
$8,638,500
Land market value
$1,350,000
Improvement market value
$8,638,500
Total market value
$9,988,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1917
Heating
NONE
Cooling
YES
Stories
10
Units
139
Total area
107,754 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C9E
APN
361-0649-100
UPID
US92-1100968
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1917
Heating
NONE
Cooling
Yes
Stories
10
Units
139
Lot
0.41 ac
Current owner
From public records · entity-resolved
Ema Mke Hotel Re Owner LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$6,000,000
Ema Mke Hotel Re Owner LLC
Eb Group LLC
Special Warranty Deed
$7,500,001 · Evergreen Bank Group
Aug 9, 2023
—
Eb Group LLC
Wisconsin Ave Partners LLC
Deed In Lieu Of Foreclosure
related
—
Nov 26, 2019
$10,660,000
Wisconsin Ave Partners LLC
Ssc Milwaukee Dt LLC
Special Warranty Deed
$12,500,000 · Evergreen Bank Group
May 29, 2019
—
Ssc Milwaukee LLC
Mil Waukee Hotel Equity LLC
Deed In Lieu Of Foreclosure
related
—
Jan 12, 2016
$10,874,000
Milwaukee Hotel Equity LLC
Mhf Dt Milwaukee IV LLC
Grant Deed
$17,340,000 · Private Individual
Jan 10, 2014
$8,289,100
Mhf Dt Milwaukee IV LLC
Hcp Obg Milwaukee Prop Co LLC
Warranty Deed
—
May 7, 2010
—
Hcp Obg Milwaukee Prop Co LLC
—
Loan Modification
related
$10,548,500 · Other Institutional Lenders
Jul 21, 2005
$6,857,000
Hcp Obg Milwaukee Prop Co LLC
Rimko Realty LLP
Grant Deed
$9,756,500 · Merrill Lynch Cap
—
—
Hcp Obg Milwaukee Prop Co LLC
—
Deed Of Trust
related
—
—
—
Mhf Dt Milwaukee IV LLC
—
Deed Of Trust
related
$9,500,000 · Wells Fargo Bk
—
—
Hcp Obg Milwaukee Prop Co LLC
—
Loan Modification
related
$792,000 · Merrill Lynch Cap
—
—
Rimko Realty LLP
—
Deed Of Trust
related
$100,000 · Citizens Bk/mukwonago
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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