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Property profile & analytics
OFF-MARKET
Estimated value
$7,605,000
Grocery and convenience stores
2355 35th St Milwaukee, WI 53210-3033
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-0749594
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
63,201 SF
Lot
5.69 ac (247,726 SF)
Zoning code
PD
APN
327-1861-000
UPID
US92-0749594
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
-
Pick 'n Save Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
TCF Bank Mortgage Lender Atm
-
KrogerRoundysWisconsin0879 Electronics Vending Machine
-
ecoatm Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.20M
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$7.61M
Owner & transaction history
Lark Creek LLC · 9 yrs held
Lark Creek LLC
since 2016
4 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.9M
+204.5%
Restaurant
$8.0M
+174.6%
Auto repair, garage
$7.5M
+157.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,050,000
6.5%
$10,200,000
7%
$9,470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,910,000
Change: +204% · Conversion: Difficult
RESTAURANT
$8,035,000
Change: +175% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,540,000
Change: +158% · Conversion: Difficult
MEDICAL BUILDING
$6,505,000
Change: +122% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,880,000
Change: +101% · Conversion: Moderate
OFFICE BUILDING
$5,005,000
Change: +71% · Conversion: Easy
Blend value · Realmo final
$7.61M
Range $6.84M – $8.37M · ±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
$120 / 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
$182,127
Tax year 2022
Assessed value
$7,649,200
Assessed 2022
Previous assessed
$7,649,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$427,900
Assessed improvement
$7,221,300
Land market value
$427,900
Improvement market value
$7,221,300
Total market value
$7,649,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
63,201 SF
Lot
5.69 ac (247,726 SF)
Zoning code
PD
APN
327-1861-000
UPID
US92-0749594
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
$8.9M
RESTAURANT
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
5.69 ac
Current owner
From public records · entity-resolved
Lark Creek LLC
Entity
Mailing address
42 INCLINE GRN LN, ALAMO, CA 94507-2334
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
—
Lark Creek LLC
—
Deed
related
$300,000 · Waterstone Bank Ssb
Apr 16, 2021
—
Lark Creek LLC
—
Deed
related
$3,000,000 · Waterstone Mortgage Corp
Jul 22, 2016
$9,300,000
Lark Creek LLC
Milo Investments LLC
Grant Deed
$14,000,000 · Alliant Cu
May 3, 2007
$7,400,000
Milo Investments LLC
Jewel Food Stores INC
Grant Deed
$6,415,000 · Lasalle 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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