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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
2454 Lisbon Ave 2460 Milwaukee, WI 53205-1413
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0707863
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1915
Total area
8,250 SF
Lot
0.17 ac (7,281 SF)
Zoning code
CS
APN
350-1321-000
UPID
US92-0707863
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
-
CROSSROADS Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.04M
Owner & transaction history
Dereck Mcclendon · 6 yrs held
Dereck Mcclendon
since 2019
2 recorded transactions
Zoning & alternative use
CS · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+57.5%
Restaurant
$1.1M
+18.2%
Auto repair, garage
$985,000
+10.8%
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%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,400,000
Change: +57% · Conversion: Difficult
RESTAURANT
$1,050,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$985,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$715,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$125 / 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
$4,438
Tax year 2022
Assessed value
$186,400
Assessed 2022
Previous assessed
$186,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$7,300
Assessed improvement
$179,100
Land market value
$7,300
Improvement market value
$179,100
Total market value
$186,400
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1915
Heating
YES
Stories
2
Units
4
Total area
8,250 SF
Lot
0.17 ac (7,281 SF)
Zoning code
CS
APN
350-1321-000
UPID
US92-0707863
Jurisdiction
MILWAUKEE
Zoning & alternative use
CS · Milwaukee, WI
Zoning CS · permitted uses
CS · 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
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$715,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1915
Heating
YES
Stories
2
Units
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Dereck Mcclendon
Individual
Free & Clear · 6 yrs held
Mailing address
8719 W SPOKANE ST, MILWAUKEE, WI 53224-4825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Dereck Mcclendon
Jimmy L Mcclendon
Quit Claim Deed
related
—
Jul 12, 2012
—
Mcclendon,jimmy L
Iola Mcclendon
Affidavit Of Death
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.
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