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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Investment properties
1802 Howard Ave Milwaukee, WI 53207-4002
Entity Owned
2-yr Hold
Property ID
US92-0933116
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
5,808 SF
Lot
0.17 ac (7,588 SF)
Zoning code
NS2
APN
546-9957-000
UPID
US92-0933116
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
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$615k
Owner & transaction history
South Shore Property Mke LLC · 2 yrs held
South Shore Property Mke LLC
since 2023
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
NS2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+57.2%
Restaurant
$740,000
+15.7%
Auto repair, garage
$695,000
+8.5%
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
$615,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$640,000
Current use
RETAIL STORES
$1,005,000
Change: +57% · Conversion: Easy
RESTAURANT
$740,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $630k (Dec 5 2023)
Last sale anchor
$630k
Dec 5 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
$106 / 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
$9,738
Tax year 2022
Assessed value
$409,000
Assessed 2022
Previous assessed
$409,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$19,000
Assessed improvement
$390,000
Land market value
$19,000
Improvement market value
$390,000
Total market value
$409,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
YES
Stories
2
Units
9
Total area
5,808 SF
Lot
0.17 ac (7,588 SF)
Zoning code
NS2
APN
546-9957-000
UPID
US92-0933116
Jurisdiction
MILWAUKEE
Zoning & alternative use
NS2 · Milwaukee, WI
Zoning NS2 · permitted uses
NS2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$640,000
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1930
Heating
YES
Stories
2
Units
9
Lot
0.17 ac
Current owner
From public records · entity-resolved
South Shore Property Mke LLC
Entity
Mailing address
3508 E VAN NORMAN AVE, CUDAHY, WI 53110-1106
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$630,000
South Shore Property Mke LLC
Pilmaier & Dudley Properties LLC
Warranty Deed
$504,000 · Summit Cu
Oct 21, 2020
—
Pilmaier & Dudley Prop LLC
—
Deed
related
$375,000 · First Fed'l Bk/wi
Jul 1, 2016
$367,000
Pilmaier & Dudley Properties LLC
Bta Investments LLC
Warranty Deed
$212,000 · Town Bank
Aug 18, 2010
$235,000
Bta Investments LLC
Borchardt Investments LLC
Warranty Deed
$211,000 · Tri City National Bank
Jun 3, 2005
$325,000
Borchardt Investments LLC
Michael M Marx
Warranty Deed
$300,000 · Tri City National Bank
—
—
Bta Investments LLC
—
Loan Modification
related
$232,000 · Us Bk
—
—
Pilmaier & Dudley Prop LLC
—
Loan Modification
related
$375,000 · First Fed'l Bk/wi
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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