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Property profile & analytics
OFF-MARKET
Commercial real estate
2820 Ryan Rd, Franklin, WI 53132-9532
Entity Owned
Free & Clear
Property ID
US92-3292147
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1952
Total area
924 SF
Lot
0.27 ac (11,766 SF)
APN
879-9991-003
UPID
US92-3292147
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
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
Trec Properties LLC
Trec Properties LLC
since 2025
Last sale
$265,000
7 recorded transactions
Zoning & alternative use
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$3,151
Tax year 2022
Assessed value
$194,100
Assessed 2022
Effective rate
1.62%
On assessed value
Assessed land
$51,500
Assessed improvement
$142,600
Total market value
$199,800
Applied tax rate
87.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1952
Heating
NONE
Units
1
Total area
924 SF
Lot
0.27 ac (11,766 SF)
APN
879-9991-003
UPID
US92-3292147
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Trec Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2820 W RYAN RD, FRANKLIN, WI 53132-9532
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$265,000
Trec Properties LLC
Lakeshore Property Investments LLC
Warranty Deed
—
Feb 5, 2015
$96,500
Lakeshore Property Investments LLC
Dhr LLC
Warranty Deed
$116,000 · Timberwood Bank
Jan 7, 2013
—
Dhr LLC
—
Deed Of Trust
related
$5,900,127 · Tri City National Bank
Jan 6, 2012
$47,500
Ddr Builders LLC
Tri Cty Natl Bk
Warranty Deed
$194,670 · Tri City National Bank
Nov 1, 2010
—
Tri Cty Natl Bk
Sheriff Of Milwaukee County
Trustees Deed
related
—
Sep 27, 2010
$123,400
Dhr LLC
Tri Cty Natl Bk
Warranty Deed
$126,000 · Tri City National Bank
Dec 20, 2004
$5,125
State Of Wisconsin Dept/transport
Zimmer,andrew
Warranty Deed
—
Apr 13, 2004
$125,500
Andrew Zimmer
Passon,keith C JR & Courtney B
Warranty Deed
$112,500 · Tri City National Bank
—
—
Andrew F Zimmer
—
Deed Of Trust
related
$100,000 · 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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