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Property profile & analytics
FOR SALE
Investment properties
2904 West Arthur Ave 2906 Milwaukee, WI 53215
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0281280
For Sale
1 / 16
$325,000
2904 West Arthur Ave,Unit 2906, Milwaukee, WI 53215
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Total area
3,552 SF
Lot
0.08 ac (3,600 SF)
Zoning code
LB2
APN
495-0261-000
UPID
US92-0281280
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
-
Style & Color Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Puffin Partners LLC · 6 yrs held
Puffin Partners LLC
since 2020
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$425,000
+139.4%
Retail stores
$380,000
+116.0%
Medical building
$365,000
+106.6%
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
$590,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$425,000
Change: +139% · Conversion: Difficult
RETAIL STORES
$380,000
Change: +116% · Conversion: Easy
MEDICAL BUILDING
$365,000
Change: +107% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (May 7 2020)
Last sale anchor
$600k
May 7 2020
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
$168 / 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
$4,231
Tax year 2022
Assessed value
$177,700
Assessed 2022
Previous assessed
$177,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$9,000
Assessed improvement
$168,700
Land market value
$9,000
Improvement market value
$168,700
Total market value
$177,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1926
Heating
YES
Stories
2
Units
4
Rooms
15
Bathrooms
3
Total area
3,552 SF
Lot
0.08 ac (3,600 SF)
Zoning code
LB2
APN
495-0261-000
UPID
US92-0281280
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
AUTO REPAIR, GARAGE
Est. value
$425,000
RETAIL STORES
Est. value
$380,000
MEDICAL BUILDING
Est. value
$365,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1926
Heating
YES
Stories
2
Units
4
Rooms
15
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Puffin Partners LLC
Entity
Mailing address
4812 W LLOYD ST, MILWAUKEE, WI 53208-1115
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
$600,000
Puffin Partners LLC
King Arthur Homes LLC
Warranty Deed
$450,000 · Commerce State Bank
May 4, 2020
$330,000
King Arthur Homes LLC
Oc Parrilli LLC
Warranty Deed
—
Aug 18, 2014
$180,000
Oc Parrilli LLC
Partagas Ventures3 LLC
Warranty Deed
—
Aug 18, 2014
—
Partagas Ventures 3 LLC
Arthur Avenue LLC
Warranty Deed
—
Jul 25, 2014
$220,000
Partagas Venturs3 LLC
Tfn 1 Investments LLC
Grant Deed
—
Sep 27, 2013
$220,000
Tfn 1 Investments LLC
Arthur Avenue LLC
Dual Purpose Document
related
$184,800 · Arthur Avenue LLC
Jan 11, 2012
—
Arthur Avenue LLC
Edmund H Zarwell
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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