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Property profile & analytics
OFF-MARKET
Estimated value
$6,190,000
Office buildings
312 Wisconsin Ave Milwaukee, WI 53202-4310
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US92-3301018
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
81,400 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C9F(B)
APN
392-0729-000
UPID
US92-3301018
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
-
SALVAGEDATA Recovery Services Computer & Electronic Repair (Bike/Boat/Book/etc) Store
-
Hickey Margaret W Law Firm
-
Piparo General Contractor Construction Company General Contractor
-
Wisconsin Building Construction Company
-
Rush My Passport Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.82M
Blend (final)
Blend
$6.19M
Owner & transaction history
312 East Wisconsin Building LLC · 10 yrs held
312 East Wisconsin Building LLC
since 2016
7 recorded transactions
Zoning & alternative use
C9F(B) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.7M
+28.4%
Medical building
$8.4M
+10.8%
Neighborhood: shopping center
$7.6M
+0.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,560,000
Current use
AUTO REPAIR, GARAGE
$9,710,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$8,380,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,575,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±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
$76 / 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
$150,939
Tax year 2022
Assessed value
$6,171,900
Assessed 2022
Previous assessed
$6,171,900
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$1,080,000
Assessed improvement
$5,091,900
Land market value
$1,080,000
Improvement market value
$5,091,900
Total market value
$6,171,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
YES
Stories
7
Units
17
Total area
81,400 SF
Lot
0.33 ac (14,400 SF)
Zoning code
C9F(B)
APN
392-0729-000
UPID
US92-3301018
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(B) · Milwaukee, WI
Zoning C9F(B) · permitted uses
C9F(B) · 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
OFFICE BUILDING Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1926
Heating
YES
Stories
7
Units
17
Lot
0.33 ac
Current owner
From public records · entity-resolved
312 East Wisconsin Building LLC
Entity
Mailing address
833 E MICHIGAN ST STE #400, MILWAUKEE, WI 53202-5619
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2018
—
312 E Wisconsin Bldg LLC
—
Deed
related
$6,825,000 · Barrington Bk&tr
Jul 8, 2016
—
312 East Wisconsin Building Ll
—
Deed
related
$6,825,000 · Barrington Bk&tr
Feb 24, 2016
$2,000,000
312 East Wisconsin Building LLC
Next East LLC
Warranty Deed
$1,300,000 · Norstates Bank
Nov 6, 2013
—
Next East LLC
—
Deed Of Trust
related
$5,000,000 · North Shore Cmnty Bk
Sep 14, 2011
$1,900,000
Next East LLC
Castle Bridge LLC
Warranty Deed
—
Jan 10, 2008
—
Castle Bridge LLC
Castle Bridge LLC
Quit Claim Deed
related
—
Jan 10, 2008
$3,788,700
Njm Holding Corp
Castle Wisconsin LLC
Warranty Deed
—
Nov 12, 2007
$4,948,000
Castle Bridge LLC
D & K Management V LLC
Warranty Deed
$4,400,000 · Anchorbank Fsb
—
—
312 E Wisconsin Bldg LLC
—
Loan Modification
related
$6,825,000 · Barrington Bk&tr
—
—
D & K Management V LLC
—
Loan Modification
related
$1,618,374 · Tcf Nat'l Bk
—
—
312 East Wisconsin Building Ll
—
Deed Of Trust
related
$6,825,000 · Barrington Bk&tr
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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