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Property profile & analytics
OFF-MARKET
Gas stations
1930 Morgan Ave Milwaukee, WI 53221-1531
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-0890961
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1969
Total area
2,226 SF
Lot
0.44 ac (18,953 SF)
Zoning code
LB2
APN
535-0357-100
UPID
US92-0890961
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
-
bp Gas Station
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mandeep Dhawan · 12 yrs held
Mandeep Dhawan
since 2014
7 recorded transactions
Zoning & alternative use
LB2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,746
Tax year 2022
Assessed value
$637,800
Assessed 2022
Previous assessed
$637,800
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$142,100
Assessed improvement
$495,700
Land market value
$142,100
Improvement market value
$495,700
Total market value
$637,800
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1969
Heating
YES
Stories
1
Units
1
Total area
2,226 SF
Lot
0.44 ac (18,953 SF)
Zoning code
LB2
APN
535-0357-100
UPID
US92-0890961
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.
Building & site characteristics
From public records
Year built
1969
Heating
YES
Stories
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mandeep Dhawan
Individual
Mailing address
1930 W MORGAN AVE, MILWAUKEE, WI 53221-1531
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Mandeep Dhawan
—
Deed
related
$2,536,000 · State Bk/chilton-brookfield Of
Mar 3, 2020
—
Mandeep Dhawan
—
Deed
related
$800,000 · Private Individual
Jul 19, 2019
—
Mandeep Dhawan
—
Deed
related
$800,000 · Private Individual
Jul 17, 2014
$455,000
Mandeep Dhawan
Lakepointe Holdings LLC
Quit Claim Deed
related
$440,000 · Tri City National Bank
Aug 28, 2012
$550,000
Dhawan,mandeep
Lakepointe Holdings LLC
Dual Purpose Document
$475,000 · Lakepointe Holdings LLC
Jun 7, 2011
—
Lakepointe Holdings LLC
Munro Living Trust
Quit Claim Deed
related
—
Feb 17, 2004
—
Munro Trust
City Of Milwaukee
Quit Claim Deed
related
—
—
—
Mandeep Dhawan
—
Deed Of Trust
related
$800,000 · Private Individual
—
—
Mandeep Dhawan
—
Deed Of Trust
related
$800,000 · Private Individual
—
—
Mandeep Dhawan
—
Deed Of Trust
related
$2,536,000 · State Bk/chilton-brookfield Of
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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