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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Apartment buildings
2324 2326th N 1st St Milwaukee, WI 53212
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-0075028
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
6,189 SF
Lot
0.17 ac (7,500 SF)
Zoning code
RT4
APN
322-0278-000
UPID
US92-0075028
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
$885k
Comparable Approach
Comparable
$903k
Blend (final)
Blend
$855k
Owner & transaction history
Sudden Valley LLC · 9 yrs held
Sudden Valley LLC
since 2016
3 recorded transactions
Zoning & alternative use
RT4 · 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%
$960,000
6.5%
$885,000
7%
$825,000
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$138 / 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
$8,841
Tax year 2022
Assessed value
$371,300
Assessed 2022
Previous assessed
$371,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$3,000
Assessed improvement
$368,300
Land market value
$3,000
Improvement market value
$368,300
Total market value
$371,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1910
Heating
YES
Stories
2
Units
6
Rooms
26
Bathrooms
3
Total area
6,189 SF
Lot
0.17 ac (7,500 SF)
Zoning code
RT4
APN
322-0278-000
UPID
US92-0075028
Jurisdiction
MILWAUKEE
Zoning & alternative use
RT4 · Milwaukee, WI
Zoning RT4 · permitted uses
RT4 · 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
1910
Heating
YES
Stories
2
Units
6
Rooms
26
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Sudden Valley LLC
Entity
Free & Clear · 9 yrs held
Mailing address
319 N 24TH AVE APT #1, SAN FRANCISCO, CA 94121-2073
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2016
$287,000
Sudden Valley LLC
M-pepratx LLC
Warranty Deed
—
Jul 11, 2005
$470,000
M-pepratx LLC
Kaufmann Lesage LLC
Warranty Deed
$376,000 · Wauwatosa Savings Bank
Feb 10, 2004
$145,200
Kaufman Lesage LLC
Eg 2314-26 First St LLC
Warranty Deed
—
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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