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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Bars & Pubs
1758 Water St, Milwaukee, WI 53202-1552
Entity Owned
4-yr Hold
Property ID
US92-0126226
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1890
Total area
6,184 SF
Lot
0.13 ac (5,517 SF)
Zoning code
IM
APN
354-0739-110
UPID
US92-0126226
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
-
Leo Lounge Bar & Pub Nightclub
-
Tauro Cocina Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$1.02M
Owner & transaction history
Mexaleria & Cocina LLC · 4 yrs held
Mexaleria & Cocina LLC
since 2022
Last sale
$985,000
6 recorded transactions
Zoning & alternative use
IM · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+43.8%
Commercial (general)
$805,000
+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
$1,190,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,130,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $985k (Jan 13 2022)
Last sale anchor
$985k
Jan 13 2022
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
$164 / 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
$22,343
Tax year 2022
Assessed value
$1,008,500
Assessed 2022
Previous assessed
$1,008,500
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$126,900
Assessed improvement
$881,600
Land market value
$126,900
Improvement market value
$881,600
Total market value
$1,008,500
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1890
Heating
YES
Cooling
YES
Stories
3
Units
3
Total area
6,184 SF
Lot
0.13 ac (5,517 SF)
Zoning code
IM
APN
354-0739-110
UPID
US92-0126226
Jurisdiction
MILWAUKEE
Zoning & alternative use
IM · Milwaukee, WI
Zoning IM · permitted uses
IM · 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
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$740,000
MEDICAL BUILDING
Est. value
$635,000
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
1890
Heating
YES
Cooling
Yes
Stories
3
Units
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mexaleria & Cocina LLC
Entity
Mailing address
2245 S 30TH ST, MILWAUKEE, WI 53215-2431
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$985,000
Mexaleria & Cocina LLC
Across The Pond LLC
Land Contract
$935,750 · Across Pond LLC
Feb 27, 2017
—
Across Pond LLC
—
Deed
related
—
Dec 18, 2014
$1,000,000
Across Pond LLC
Golden Arrow LLC
Warranty Deed
$750,000 · State Bk/chilton
Dec 18, 2014
$394,000
Golden Arrow LLC
Paul Knaust
Grant Deed
related
—
—
—
Across Pond LLC
—
Deed Of Trust
related
—
—
—
Golden Arrow LLC
—
Deed Of Trust
related
$167,762 · Julilly Kohler
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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