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Property profile & analytics
OFF-MARKET Estimated value $490,000
Retail space

2215 Dr Martin Luther King Jr Dr Milwaukee, WI 53212-3125

3,750 SF 0.09 ac lot Built 1929
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US92-3303533
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1929
Total area 3,750 SF
Lot 0.09 ac (3,750 SF)
Zoning code LB2
APN 353-0214-000
UPID US92-3303533
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
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k
Owner & transaction history
Pepperpot On Mlk LLC · 5 yrs held
Pepperpot On Mlk LLC
since 2021
Last sale
$375,000
7 recorded transactions
2021
$375,000
2018
Price N/A
2018
$288,100
2017
$240,865
2006
$195,000
2006
$177,500
1969
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
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