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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
2411 State St 2419, Milwaukee, WI 53233-1035
Entity Owned
4-yr Hold
Property ID
US92-0952849
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
6,006 SF
Lot
0.15 ac (6,400 SF)
Zoning code
LB2
APN
389-0703-000
UPID
US92-0952849
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
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Moonstone Properties LLC · 4 yrs held
Moonstone Properties LLC
since 2021
Last sale
$695,000
7 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+101.2%
Restaurant
$765,000
+46.6%
Auto repair, garage
$715,000
+37.5%
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
$650,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,050,000
Change: +101% · Conversion: Moderate
RESTAURANT
$765,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$620,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $695k (Oct 13 2021)
Last sale anchor
$695k
Oct 13 2021
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
$114 / 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
$3,321
Tax year 2022
Assessed value
$139,500
Assessed 2022
Previous assessed
$139,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$9,600
Assessed improvement
$129,900
Land market value
$9,600
Improvement market value
$129,900
Total market value
$139,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Heating
YES
Stories
2
Units
15
Total area
6,006 SF
Lot
0.15 ac (6,400 SF)
Zoning code
LB2
APN
389-0703-000
UPID
US92-0952849
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
COMMERCIAL (GENERAL) Current
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RESTAURANT
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
OFFICE BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1925
Heating
YES
Stories
2
Units
15
Lot
0.15 ac
Current owner
From public records · entity-resolved
Moonstone Properties LLC
Entity
Mailing address
2765 RIDGEWAY RD, OAKWOOD, OH 45419-1329
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$695,000
Moonstone Properties LLC
Halyard Park Development LLC
Warranty Deed
$653,884 · Halyard Park Development LLC
Aug 6, 2020
$135,800
Halyard Park Dev LLC
Fifth Property Dev LLC
Quit Claim Deed
related
—
Feb 1, 2019
$30,000
Fifth Property Dev LLC
Matric INC
Quit Claim Deed
related
—
Jan 5, 2017
—
Fifth Property Dev LLC
Matric INC
Quit Claim Deed
related
—
Aug 31, 2016
$30,000
Fifth Property Dev LLC
Matric INC
Quit Claim Deed
—
Dec 2, 2004
$109,000
Matric INC
Moro LLC
Quit Claim Deed
related
—
—
—
Matric INC
—
Deed Of Trust
related
$150,000 · Waterstone Bk Ssb
—
—
Matric INC
—
Deed Of Trust
related
$65,711 · North Milwaukee St 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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