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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Office buildings
2000 4th St Milwaukee, WI 53204-4020
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-2037066
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1995
Total area
24,682 SF
Lot
1.6 ac (69,783 SF)
Zoning code
IM
APN
467-1583-000
UPID
US92-2037066
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
-
Legacy Platform LLC Engineering Consultant Industrial Framework Supplier
-
Kinnickinnic River Business Improvement District No. 35 District Office
-
SWAT Radon Mitigation Home Inspector
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.43M
Owner & transaction history
Becher Street LLC · 19 yrs held
Becher Street LLC
since 2007
6 recorded transactions
Zoning & alternative use
IM · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+103.1%
Auto repair, garage
$2.9M
+50.6%
Apartment house (5+ units)
$2.7M
+36.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,955,000
Current use
RETAIL STORES
$3,975,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,945,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,660,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$2,540,000
Change: +30% · Conversion: Easy
RESTAURANT
$2,425,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,295,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±10%
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
$98 / 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
$63,589
Tax year 2022
Assessed value
$2,670,700
Assessed 2022
Previous assessed
$2,670,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,395,900
Assessed improvement
$1,274,800
Land market value
$1,395,900
Improvement market value
$1,274,800
Total market value
$2,670,700
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
1995
Heating
NONE
Cooling
YES
Stories
2
Units
5
Total area
24,682 SF
Lot
1.6 ac (69,783 SF)
Zoning code
IM
APN
467-1583-000
UPID
US92-2037066
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
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
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
1995
Heating
NONE
Cooling
Yes
Stories
2
Units
5
Lot
1.6 ac
Current owner
From public records · entity-resolved
Becher Street LLC
Entity
Mailing address
10425 WN AVE STE #245, MILWAUKEE, WI 53226-2416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Mar 16, 2007
—
Becher Street LLC
—
Grant Deed
related
$1,880,000 · Mwbank
—
—
Becher Street LLC
—
Deed Of Trust
related
$1,760,000 · Tcf Nat'l Bk
—
—
Becher Street LLC
—
Deed Of Trust
related
$1,860,000 · Privatebank
—
—
Becher Street LLC
—
Deed Of Trust
related
$450,000 · Mwbank
—
—
Becher Street LLC
—
Deed Of Trust
related
$450,000 · Mwbank
—
—
Becher Street LLC
—
Deed Of Trust
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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