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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
2211 Humboldt Blvd, Milwaukee, WI 53212-3507
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0115792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
6,080 SF
Lot
0.34 ac (14,964 SF)
Zoning code
PD
APN
354-1111-110
UPID
US92-0115792
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
-
DaVita Humboldt Ridge Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$520k
Owner & transaction history
Humboldt Ridge LLC · 20 yrs held
Humboldt Ridge LLC
since 2005
7 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$775,000
+23.5%
Auto repair, garage
$725,000
+15.9%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$625,000
Current use
RESTAURANT
$775,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$86 / 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
$20,846
Tax year 2022
Assessed value
$875,500
Assessed 2022
Previous assessed
$875,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$224,500
Assessed improvement
$651,000
Land market value
$224,500
Improvement market value
$651,000
Total market value
$875,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
6,080 SF
Lot
0.34 ac (14,964 SF)
Zoning code
PD
APN
354-1111-110
UPID
US92-0115792
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$625,000
RESTAURANT
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Humboldt Ridge LLC
Entity
Mailing address
830 WESTON HLS DR, BROOKFIELD, WI 53045-3756
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2005
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$950,000 · Investorsbank
May 3, 2004
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$268,000 · Central St Mtg
—
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$200,000 · Summit Cu
—
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$164,000 · Daniel C Strobel
—
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$1,100,000 · Great Wi Cu
—
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$1,100,000 · Guardian Cu
—
—
Ludka,matthew
—
Deed Of Trust
related
$260,800 · Merit Fin'l Svc
—
—
Ludka,matthew
—
Deed Of Trust
related
$32,550 · Ohio Svgs Bk
—
—
Humboldt Ridge LLC
—
Deed Of Trust
related
$50,000 · Investorsbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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