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Property profile & analytics
OFF-MARKET
Hotels
2535 Kinnickinnic Ave, Milwaukee, WI 53207-1629
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0111114
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1907
Total area
7,684 SF
Lot
0.27 ac (11,935 SF)
Zoning code
LB2
APN
499-0737-000
UPID
US92-0111114
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
-
Sorella Restaurant
-
Benelux Restaurant
-
Kinn Guesthouse Bay View Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Comelius L Armstrong · 4 yrs held
Comelius L Armstrong
since 2021
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,784
Tax year 2022
Assessed value
$1,292,900
Assessed 2022
Previous assessed
$1,292,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$71,600
Assessed improvement
$1,221,300
Land market value
$71,600
Improvement market value
$1,221,300
Total market value
$1,292,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1907
Heating
YES
Cooling
YES
Stories
2
Units
10
Total area
7,684 SF
Lot
0.27 ac (11,935 SF)
Zoning code
LB2
APN
499-0737-000
UPID
US92-0111114
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.
Building & site characteristics
From public records
Year built
1907
Heating
YES
Cooling
Yes
Stories
2
Units
10
Lot
0.27 ac
Current owner
From public records · entity-resolved
Comelius L Armstrong
Individual
Mailing address
2535 S KINNICKINNIC AVE, MILWAUKEE, WI 53207-1629
Mailing matches property
Yes
Owner-occupied
Yes
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
Jun 28, 2021
—
Comelius L Armstrong
Boysle Armstrong JR
Transfer On Death Deed
related
$925,000 · Reach Business Lenders LLC
Nov 29, 2018
—
Lmrk Propco 3 LLC
—
Grant Deed
related
$125,440,000 · Wilmington Trust (ct)
Mar 6, 2017
—
Joca Properties LLC
—
Deed
related
$380,000 · Miscellaneous Govt Agcy
Sep 23, 2015
$375,000
Joca Properties LLC
Brodys Down & Over LLC
Warranty Deed
—
Apr 5, 2012
$529,000
Brodys Down & Over LLC
Mainstage Rocks LLC
Warranty Deed
—
Apr 5, 2012
—
Fix,matthew
Arthur J Manske
Warranty Deed
—
Feb 26, 2009
$475,000
Mainstage Rocks LLC
Arthur J Manske
Grant Deed
—
—
—
Joca Properties LLC
—
Deed Of Trust
related
$380,000 · Miscellaneous Govt Agcy
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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