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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Retail space
2608 Downer Ave 1 Milwaukee, WI 53211-4244
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1203027
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Total area
18,330 SF
Lot
0.37 ac (16,313 SF)
Zoning code
PD
APN
318-0591-000
UPID
US92-1203027
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
-
Café Hollander - Downer Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.98M
Owner & transaction history
Fox Communities Credith Uinon · 1 yrs held
Fox Communities Credith Uinon
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+31.9%
Restaurant
$2.3M
+18.2%
Auto repair, garage
$2.2M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,970,000
Current use
COMMERCIAL (GENERAL)
$2,600,000
Change: +32% · Conversion: Easy
RESTAURANT
$2,330,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,185,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,885,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.26M (Aug 1 2024)
Last sale anchor
$1.26M
Aug 1 2024
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
$108 / 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
$75,192
Tax year 2022
Assessed value
$3,158,000
Assessed 2022
Previous assessed
$3,158,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$325,400
Assessed improvement
$2,832,600
Land market value
$325,400
Improvement market value
$2,832,600
Total market value
$3,158,000
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
1912
Heating
NONE
Cooling
YES
Stories
1
Units
10
Total area
18,330 SF
Lot
0.37 ac (16,313 SF)
Zoning code
PD
APN
318-0591-000
UPID
US92-1203027
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
RETAIL STORES Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1912
Heating
NONE
Cooling
Yes
Stories
1
Units
10
Lot
0.37 ac
Current owner
From public records · entity-resolved
Fox Communities Credith Uinon
Individual
Mailing address
9330 W SAHARA AVE STE #270, LAS VEGAS, NV 89117-8828
Ownership since
2025
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
Jan 14, 2025
—
Crehwt II LLC
—
Deed
related
$1,120,463 · Fox Communities Cu
Jan 9, 2025
—
Fox Communities Credith Uinon
Crehwt II LLC
Deed
related
$1,120,463 · Fox Communities Cu
Nov 1, 2024
$1,260,000
Crehwt II LLC
B33 Downer Avenue LLC
Special Warranty Deed
$1,120,463 · Fox Communities Cu
Nov 17, 2020
—
B33 Downer Avnue LLC
—
Deed
related
$8,000,000 · Farmers State Bank
Apr 1, 2020
$11,250,000
B33 Downer Avenue LLC
2006-c4 N Downer Ave Csfb
Grant Deed
—
Sep 29, 2015
$6,500,000
Csfb 2006-c4-north Downer Aven
Sheriff Of Milwaukee County|downer Delaware LLC
Foreclosure
related
—
Sep 12, 2006
$1,000,000
Downer Avenue Properties LLC
Djk 49 LLC
Warranty Deed
—
Feb 11, 2004
—
Djk 49 LLC
Daniel J Katz
Quit Claim Deed
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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