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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Retail space
2510 Kinnickinnic Ave Milwaukee, WI 53207-1630
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-3398676
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
8,497 SF
Lot
0.15 ac (6,500 SF)
Zoning code
LB2
APN
499-2033-100
UPID
US92-3398676
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
-
Flashy Faded Barbershop, LLC Barber Shop
-
Bayview Laundromat MKE (Bike/Boat/Book/etc) Store
-
washbnb (Bike/Boat/Book/etc) Store
-
ATM Atm
-
Deluxe Porta Potty Milwaukee Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.05M
Owner & transaction history
Firstep Investment Group LLC · 2 yrs held
Firstep Investment Group LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
LB2 · 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
$1,045,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,470,000
Current use
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $800k (Jul 31 2023)
Last sale anchor
$800k
Jul 31 2023
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
$124 / 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
$13,976
Tax year 2022
Assessed value
$587,000
Assessed 2022
Previous assessed
$587,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$39,000
Assessed improvement
$548,000
Land market value
$39,000
Improvement market value
$548,000
Total market value
$587,000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Heating
YES
Cooling
YES
Stories
1
Units
4
Total area
8,497 SF
Lot
0.15 ac (6,500 SF)
Zoning code
LB2
APN
499-2033-100
UPID
US92-3398676
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
RETAIL STORES Current
Est. value
$1.5M
RETAIL STORES Current
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
Cooling
Yes
Stories
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Firstep Investment Group LLC
Entity
Mailing address
14355 W PARK AVE, NEW BERLIN, WI 53151-2405
Ownership since
2023
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 31, 2023
$800,000
Firstep Investment Group LLC
Shoreland Investments 4 Ltd
Warranty Deed
$1,130,000 · Waukesha State Bank
Apr 5, 2017
—
Shoreland Investments 4 Ltd
—
Deed
related
$249,500 · Johnson Bank
Feb 19, 2009
$430,000
Shoreland Investments 4 Ltd
Barry Yip
Warranty Deed
$337,000 · National City Bank
May 9, 2005
$370,000
Barry Yip
Stephen D Ulik
Warranty Deed
$295,000 · Tri City National Bank
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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