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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Investment properties
2140 Prospect Ave 2150 Milwaukee, WI 53202-1256
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-0481254
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1934
Total area
7,998 SF
Lot
0.41 ac (18,000 SF)
Zoning code
LB3
APN
356-0229-000
UPID
US92-0481254
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
-
Work Lofts MKE Coworking & Hybrid Office
-
Ballast Real Estate Partners Apartment Building
-
NNDesign Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.21M
Owner & transaction history
Coal Dog LLC · 10 yrs held
Coal Dog LLC
since 2015
7 recorded transactions
Zoning & alternative use
LB3 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+40.2%
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%
$1,630,000
6.5%
$1,500,000
7%
$1,395,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,045,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,465,000
Change: +40% · Conversion: Moderate
RESTAURANT
$1,015,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$151 / 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
$27,027
Tax year 2022
Assessed value
$1,135,100
Assessed 2022
Previous assessed
$1,135,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$540,000
Assessed improvement
$595,100
Land market value
$540,000
Improvement market value
$595,100
Total market value
$1,135,100
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
1934
Heating
YES
Stories
2
Units
26
Total area
7,998 SF
Lot
0.41 ac (18,000 SF)
Zoning code
LB3
APN
356-0229-000
UPID
US92-0481254
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB3 · Milwaukee, WI
Zoning LB3 · permitted uses
LB3 · 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
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1934
Heating
YES
Stories
2
Units
26
Lot
0.41 ac
Current owner
From public records · entity-resolved
Coal Dog LLC
Entity
Free & Clear · 10 yrs held
Mailing address
117 N JEFFERSON ST STE #207, MILWAUKEE, WI 53202-6160
Ownership since
2015
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
Mar 16, 2020
—
Coal Dog LLC
—
Deed
related
$1,150,000 · Wisconsin State Bank
Aug 5, 2016
—
Coal Dog LLC
—
Deed
related
$968,000 · Park Bank
Oct 28, 2015
$960,000
Coal Dog LLC
2150 North Prospect LLC
Warranty Deed
—
Mar 27, 2015
$835,000
2150 North Prospect LLC
Gold Mil Woodstock Holdings LLC
Special Warranty Deed
$675,000 · Johnson Bank
Nov 11, 2013
$700,000
Gold Mil Woodstock Holdings Ll
Inspector Of Milwaukee County|815 East Brady Stree
Foreclosure
related
—
Jun 3, 2009
—
Ldc-2150 Prospect LLC
—
Grant Deed
related
$1,300,000 · Anchorbank Fsb
Apr 14, 2006
$1,000,000
Ldc-2150 Prospect LLC
2150 North Prospect Ptrs LLC
Warranty Deed
$928,000 · Anchorbank Fsb
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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