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Property profile & analytics
OFF-MARKET
Bars & Pubs
2901 2903rd N 5th St Milwaukee, WI 53212
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-2382498
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1891
Total area
4,393 SF
Lot
0.13 ac (5,589 SF)
Zoning code
RT4
APN
313-0124-000
UPID
US92-2382498
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
-
Savoy's Night Club Bar & Pub
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
Jo Will LLC · 1 yrs held
Jo Will LLC
since 2025
6 recorded transactions
Zoning & alternative use
RT4 · 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
$4,114
Tax year 2022
Assessed value
$172,800
Assessed 2022
Previous assessed
$172,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$7,000
Assessed improvement
$165,800
Land market value
$7,000
Improvement market value
$165,800
Total market value
$172,800
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1891
Heating
YES
Stories
2
Units
3
Total area
4,393 SF
Lot
0.13 ac (5,589 SF)
Zoning code
RT4
APN
313-0124-000
UPID
US92-2382498
Jurisdiction
MILWAUKEE
Zoning & alternative use
RT4 · Milwaukee, WI
Zoning RT4 · permitted uses
RT4 · 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
1891
Heating
YES
Stories
2
Units
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jo Will LLC
Entity
Mailing address
129 W TOWNSEND ST, MILWAUKEE, WI 53212-1562
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Jo Will LLC
Tina Johnson Williams
Quitclaim Deed
related
$112,500 · Velocity Commercial Capital LLC
Mar 4, 2025
—
Tina Johnson Williams
Pre Dia LLC
Warranty Deed
—
May 6, 2020
—
Pre-dia LLC
Lewis F Tapp
Warranty Deed
—
May 6, 2020
$300,000
Orlando Williams
Pre-dia LLC
Grant Deed
—
Dec 26, 2008
—
Pre-dia LLC
Lynn P Mckinney
Quit Claim Deed
related
—
Feb 23, 2006
$58,333
Condon,diana L
Lynn P Mckinney
Warranty Deed
—
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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