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Property profile & analytics
OFF-MARKET Estimated value $500,000
Drive through restaurants

3042 Chase Ave 3072 Milwaukee, WI 53207-2663

2,909 SF 0.7 ac lot Built 1985
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US92-0871041
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Total area 2,909 SF
Lot 0.7 ac (30,508 SF)
Zoning code LB2
APN 505-1124-100
UPID US92-0871041
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
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$512k
Blend (final) Blend
$500k
Owner & transaction history
Arc Cafeusa001 LLC · 12 yrs held
Arc Cafeusa001 LLC
since 2013
2 recorded transactions
2013
$1.8M
2004
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
Top alternative use upside
Retail stores $505,000 +35.9%
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