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Property profile & analytics
OFF-MARKET
Estimated value
$4,745,000
Hotels
310 Chicago St, Milwaukee, WI 53202-5810
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1176888
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Total area
122,695 SF
Lot
0.39 ac (16,944 SF)
Zoning code
C9G
APN
392-1027-000
UPID
US92-1176888
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
-
Kimpton Journeyman Hotel Restaurant
-
Encore Marketing & Advertising Event Planning
-
200-216 N Broadway Parking Parking Lot & Garage
-
The Outsider Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$5.38M
Blend (final)
Blend
$4.75M
Owner & transaction history
Propco Investors LLC · 3 yrs held
Propco Investors LLC
since 2022
7 recorded transactions
Zoning & alternative use
C9G · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.3M
+63.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,460,000
6.5%
$4,115,000
7%
$3,820,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,260,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,335,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$4.75M
Range $4.27M – $5.22M · ±10%
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
$39 / 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
$711,755
Tax year 2022
Assessed value
$29,893,100
Assessed 2022
Previous assessed
$29,893,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,016,600
Assessed improvement
$28,876,500
Land market value
$1,016,600
Improvement market value
$28,876,500
Total market value
$29,893,100
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2016
Heating
YES
Stories
9
Units
161
Total area
122,695 SF
Lot
0.39 ac (16,944 SF)
Zoning code
C9G
APN
392-1027-000
UPID
US92-1176888
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WI
Zoning C9G · permitted uses
C9G · 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
HOTEL/MOTEL Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Heating
YES
Stories
9
Units
161
Lot
0.39 ac
Current owner
From public records · entity-resolved
Propco Investors LLC
Entity
Mailing address
311 E CHICAGO ST STE 510TH MILWAUKEE
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Chicago Street Propco Investors INC
—
Deed
related
$30,000,000 · Jpmorgan Chase Bank NA
Feb 14, 2024
—
Acres Real Estate Spe 10 LLC
—
Deed
related
—
Jul 12, 2022
—
Propco Investors LLC
Chicago Street Holdings LLC
Special Warranty Deed
$32,000,000 · Acres Realty Funding INC
Oct 27, 2020
—
Chicago Street Holdings LLC
—
Deed
related
$5,000,000 · Old National Bank
Jan 20, 2015
—
Chicago Street Holdings LLC
—
Deed Of Trust
related
$20,000,000 · Anchorbank Fsb
Aug 26, 2013
$2,000,000
Chicago Street Holdings LLC
Term-broadway LLC
Warranty Deed
—
Apr 9, 2012
$1,000,000
Term-broadway LLC
200 Broadway LLC
Warranty Deed
$1,000,000 · Michael Ameson
—
—
Chicago Street Holdings LLC
—
Loan Modification
related
$25,000,000 · Mkh Investment LLC
—
—
Chicago Street Holdings LLC
—
Loan Modification
related
$32,000,000 · Mkh Investment LLC
—
—
Chicago Street Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Mkh Investments LLC
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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