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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Strip malls
2326 Farwell Ave 2342 Milwaukee, WI 53211-4401
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0877495
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
15,400 SF
Lot
0.81 ac (35,465 SF)
Zoning code
LB3
APN
319-0760-110
UPID
US92-0877495
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
-
Hi-endbeauty LLC Spa & Massage Center
-
Lash Heaven USA Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.69M
Owner & transaction history
Moh223wi LLC · 1 yrs held
Moh223wi LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
LB3 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.0M
+175.7%
Commercial (general)
$2.2M
+52.5%
Restaurant
$2.0M
+36.7%
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
$2,685,000
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
$3,150,000
6.5%
$2,905,000
7%
$2,700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,950,000
Change: +176% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,185,000
Change: +53% · Conversion: Easy
RESTAURANT
$1,960,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,835,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,655,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$2.69M
Range $2.42M – $2.95M · ±10% · vs last sale $2.68M (Oct 22 2024)
Last sale anchor
$2.68M
Oct 22 2024
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
$174 / 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
$60,246
Tax year 2022
Assessed value
$2,530,300
Assessed 2022
Previous assessed
$2,530,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,064,000
Assessed improvement
$1,466,300
Land market value
$1,064,000
Improvement market value
$1,466,300
Total market value
$2,530,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Units
9
Total area
15,400 SF
Lot
0.81 ac (35,465 SF)
Zoning code
LB3
APN
319-0760-110
UPID
US92-0877495
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB3 · Milwaukee, WI
Zoning LB3 · permitted uses
LB3 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
9
Lot
0.81 ac
Current owner
From public records · entity-resolved
Moh223wi LLC
Entity
Mailing address
252 E HIGHLAND AVE STE #500, MILWAUKEE, WI 53202-3131
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$2,682,500
Moh223wi LLC
North Avenue Redevelopment LLC
Warranty Deed
$2,254,750 · Peoples State Bank
Sep 18, 2018
—
North Avenue Redevelopment LLC
—
Deed
related
$2,000,000 · Fire Subsidiary Cde 26 LLC
Feb 28, 2018
$2,730,000
North Avenue Redevelopment LLC
Farwell Group LLP
Special Warranty Deed
$2,585,000 · Tri City National Bank
Feb 28, 2018
—
North Avenue Redevelopment LLC
—
Deed
related
$500,000 · Farwell Group LLP
—
—
Farwell Group LLP
—
Deed Of Trust
related
$110,000 · Us Bk
—
—
Farwell Group LLP
—
Loan Modification
related
$700,000 · Us Bk
—
—
Farwell Group LLP
—
Loan Modification
related
$432,733 · Us Bk
—
—
North Avenue Redevelopment LLC
—
Deed Of Trust
related
$500,000 · Farwell Group LLP
—
—
North Avenue Redevelopment LLC
—
Deed Of Trust
related
$1,695,000 · Local Initiatives Support Corp
—
—
North Avenue Redevelopment LLC
—
Deed Of Trust
related
$2,000,000 · Fire Subsidiary Cde 26 LLC
—
—
Farwell Group LLP
—
Loan Modification
related
$432,733 · Us Bk
—
—
Farwell Group LLP
—
Loan Modification
related
$432,733 · Us Bk
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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