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Property profile & analytics
OFF-MARKET
Estimated value
$10,865,000
Apartment buildings
2650 Humboldt Blvd 2656 Milwaukee, WI 53212-2977
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-3374035
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
52,700 SF
Lot
1.07 ac (46,522 SF)
Zoning code
RO2
APN
320-9989-000
UPID
US92-3374035
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
-
Row House 31 Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.55M
Comparable Approach
Comparable
$13.43M
Blend (final)
Blend
$10.87M
Owner & transaction history
2650 Humboldt LP · 12 yrs held
2650 Humboldt LP
since 2013
4 recorded transactions
Zoning & alternative use
RO2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,180,000
6.5%
$7,550,000
7%
$7,010,000
Blend value · Realmo final
$10.87M
Range $9.78M – $11.95M · ±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
$206 / 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
$131,488
Tax year 2022
Assessed value
$5,522,400
Assessed 2022
Previous assessed
$5,522,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$186,000
Assessed improvement
$5,336,400
Land market value
$186,000
Improvement market value
$5,336,400
Total market value
$5,522,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Heating
YES
Stories
2
Units
31
Total area
52,700 SF
Lot
1.07 ac (46,522 SF)
Zoning code
RO2
APN
320-9989-000
UPID
US92-3374035
Jurisdiction
MILWAUKEE
Zoning & alternative use
RO2 · Milwaukee, WI
Zoning RO2 · permitted uses
RO2 · 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
2013
Heating
YES
Stories
2
Units
31
Lot
1.07 ac
Current owner
From public records · entity-resolved
2650 Humboldt LP
Entity
Mailing address
PO BOX 511448, MILWAUKEE, WI 53203-0241
Ownership since
2013
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
Aug 1, 2013
$110,000
2650 Humboldt LP
Atf 1 LLC
Warranty Deed
$3,660,000 · First Busn Bk/milwaukee
Aug 21, 2012
$110,000
Atf 1 LLC
Waterstone Bk Ssb
Quit Claim Deed
related
—
Apr 13, 2012
$375,000
Waterstone Bk Ssb
Inspector Of Milwaukee County
Foreclosure
related
—
Aug 17, 2004
$399,000
Olson,timothy J
Barbara A Thomas-bagrowski
Warranty Deed
$399,000 · Wauwatosa Svgs 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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