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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Turn key restaurants
2222 2242nd S 13th St 2242 Milwaukee, WI 53215-2760
Entity Owned
6-yr Hold
Free & Clear
Property ID
US92-0340019
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Total area
9,444 SF
Lot
0.55 ac (24,106 SF)
Zoning code
LB2
APN
468-1712-000
UPID
US92-0340019
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
-
El Tsunami Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$880k
Owner & transaction history
Dexter R & E Hldgs Wi LLC · 6 yrs held
Dexter R & E Hldgs Wi LLC
since 2020
Last sale
$850,400
4 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+65.9%
Apartment house (5+ units)
$1.1M
+64.8%
Retail stores
$1.0M
+49.6%
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
$840,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$680,000
Current use
AUTO REPAIR, GARAGE
$1,125,000
Change: +66% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,120,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$970,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $850k (Feb 27 2020)
Last sale anchor
$850k
Feb 27 2020
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
$93 / 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
$12,441
Tax year 2022
Assessed value
$522,500
Assessed 2022
Previous assessed
$522,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$54,200
Assessed improvement
$468,300
Land market value
$54,200
Improvement market value
$468,300
Total market value
$522,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1963
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
9,444 SF
Lot
0.55 ac (24,106 SF)
Zoning code
LB2
APN
468-1712-000
UPID
US92-0340019
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
RESTAURANT Current
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
OFFICE BUILDING
Est. value
$750,000
RESTAURANT Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1963
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Dexter R & E Hldgs Wi LLC
Entity
Free & Clear · 6 yrs held
Mailing address
775 KACENA RD, HIAWATHA, IA 52233-1291
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$850,400
Dexter R & E Hldgs Wi LLC
Blue Kangaroo Prop LLC-13th St
Grant Deed
—
Nov 5, 2013
$550,000
Blue Kangaroo Props LLC-13th S
Coin Appliances R/e LLC
Warranty Deed
—
Jan 19, 2011
—
Coin Appliances R & E LLC
John P Levendusky
Quit Claim Deed
related
—
Jan 14, 2011
—
Levendusky,john P
Coin Appliances INC
Quit Claim Deed
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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