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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Retail space
2185 Prospect Ave, Milwaukee, WI 53202
Entity Owned
10-yr Hold
Property ID
US92-0579723
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Total area
26,240 SF
Lot
2.16 ac (94,264 SF)
Zoning code
PD
APN
356-1495-000
UPID
US92-0579723
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.86M
Owner & transaction history
Kenilworth Retail LLC · 10 yrs held
Kenilworth Retail LLC
since 2016
7 recorded transactions
Zoning & alternative use
PD · 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
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
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±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
$109 / 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
$87,190
Tax year 2022
Assessed value
$3,661,900
Assessed 2022
Previous assessed
$3,661,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$377,800
Assessed improvement
$3,284,100
Land market value
$377,800
Improvement market value
$3,284,100
Total market value
$3,661,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Heating
NONE
Cooling
YES
Stories
1
Units
10
Total area
26,240 SF
Lot
2.16 ac (94,264 SF)
Zoning code
PD
APN
356-1495-000
UPID
US92-0579723
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
1915
Heating
NONE
Cooling
Yes
Stories
1
Units
10
Lot
2.16 ac
Current owner
From public records · entity-resolved
Kenilworth Retail LLC
Entity
Mailing address
PO BOX 413, MILWAUKEE, WI 53201-0413
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2016
—
Kenilworth Retail LLC
—
Deed
related
$1,550,000 · Old Nat'l Bk
May 12, 2009
—
Redevelopment Authority Of City & M
—
Grant Deed
related
$67,395,000 · Us Bk
Mar 21, 2005
—
Redevelopment Authority Of City & M
—
Grant Deed
related
$68,210,000 · Depfa Bank Plc
—
—
Kenilworth Retail LLC
—
Loan Modification
related
$1,700,000 · Johnson Bk
—
—
Kenilworth Retail LLC
—
Deed Of Trust
related
$1,195,000 · Johnson Bk
—
—
Kenilworth Retail LLC
—
Deed Of Trust
related
$1,700,000 · Bank Mutual
—
—
Kenilworth Retail LLC
—
Deed Of Trust
related
$1,550,000 · Old Nat'l Bk
—
—
Kenilworth Retail LLC
—
Loan Modification
related
$1,478,000 · Johnson Bk
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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