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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Retail space
270 Highland Ave 3005, Milwaukee, WI 53202-6635
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1148023
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1901
Total area
2,083 SF
Lot
0.02 ac (966 SF)
Zoning code
C9B(A)
APN
392-2874-000
UPID
US92-1148023
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
-
Pomelo Productions (Bike/Boat/Book/etc) Store Corporate Office
-
Non-Affiliated Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Studio E11even Beauty Co. Hair Salon Nail Salon
-
Kevin Svoboda Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$830k
Owner & transaction history
Highland Ave LLC · 3 yrs held
Highland Ave LLC
since 2022
Last sale
$805,000
5 recorded transactions
Zoning & alternative use
C9B(A) · 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
$975,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $805k (Jul 18 2022)
Last sale anchor
$805k
Jul 18 2022
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
$398 / 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
$3,617
Tax year 2022
Assessed value
$151,900
Assessed 2022
Previous assessed
$151,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$48,300
Assessed improvement
$103,600
Land market value
$48,300
Improvement market value
$103,600
Total market value
$151,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1901
Heating
NONE
Stories
1
Units
1
Total area
2,083 SF
Lot
0.02 ac (966 SF)
Zoning code
C9B(A)
APN
392-2874-000
UPID
US92-1148023
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9B(A) · Milwaukee, WI
Zoning C9B(A) · permitted uses
C9B(A) · 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
1901
Heating
NONE
Stories
1
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Highland Ave LLC
Entity
Mailing address
305 S BRITTON RD, UNION GROVE, WI 53182-9354
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
$805,000
Highland Ave LLC
The Blatz Offices LLC
Condominium Deed
$651,750 · Citizens Bank
Feb 12, 2008
$165,100
Blatz Offices LLC
Ruvin Dev INC
Quit Claim Deed
related
—
Dec 5, 2007
$52,000
Ruvin Dev INC
Blatz Condo Jv LLC
Grant Deed
—
—
—
Blatz Offices LLC
—
Deed Of Trust
related
$589,281 · Investorsbank
—
—
Blatz Offices LLC
—
Deed Of Trust
related
$45,000 · Investorsbank
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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