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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Retail space
2301 Kinnickinnic Ave Milwaukee, WI 53207-1625
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1991974
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2011
Total area
15,354 SF
Lot
0.86 ac (37,675 SF)
Zoning code
LB2
APN
499-1761-000
UPID
US92-1991974
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
-
Colectivo Bay View Cafe & Coffee Shop
-
Troubadour Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.82M
Owner & transaction history
Lap Dog LLC · 15 yrs held
Lap Dog LLC
since 2011
5 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.5M
+33.1%
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%
$2,685,000
6.5%
$2,480,000
7%
$2,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,655,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,530,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$183 / 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
$37,051
Tax year 2022
Assessed value
$1,541,100
Assessed 2022
Previous assessed
$1,541,100
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$658,200
Assessed improvement
$882,900
Land market value
$658,200
Improvement market value
$882,900
Total market value
$1,541,100
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
2011
Heating
NONE
Units
2
Total area
15,354 SF
Lot
0.86 ac (37,675 SF)
Zoning code
LB2
APN
499-1761-000
UPID
US92-1991974
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
RETAIL STORES Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
2011
Heating
NONE
Units
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Lap Dog LLC
Entity
Mailing address
2999 N HUMBOLDT BLVD, MILWAUKEE, WI 53212-2631
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
—
Lap Dog LLC
—
Deed
related
$2,119,421 · Westbury Bank
Sep 26, 2018
—
Lap Dog LLC
—
Deed
related
$3,120,000 · Jpmorgan Chase Bank NA
Jan 28, 2011
—
Lap Dog LLC
Maritime Svgs Bk
Grant Deed
$665,300 · Jp Morgan Chase Bk
—
—
Lap Dog LLC
—
Deed Of Trust
related
$665,300 · Jp Morgan Chase Bk
—
—
Lap Dog LLC
—
Deed Of Trust
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.
Try Rey
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