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Property profile & analytics
OFF-MARKET
Estimated value
$10,625,000
Hotels
333 Kilbourn Ave, Milwaukee, WI 53203-1507
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0900280
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1979
Total area
356,540 SF
Lot
1.69 ac (73,747 SF)
Zoning code
C9D(A)
APN
361-0603-116
UPID
US92-0900280
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
-
Bistro 333 Restaurant
-
Julep/Bistro 333 - Hyatt Regency Milwaukee Grocery & Convenience Store Food Market
-
ATM Atm
-
Starbucks Cafe & Coffee Shop
-
The Dinner Detective Murder Mystery Dinner Show - Milwaukee, Wisconsin Restaurant Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.96M
Comparable Approach
Comparable
$9.29M
Blend (final)
Blend
$10.63M
Owner & transaction history
Cl1 Milwaukee LLC · 7 yrs held
Cl1 Milwaukee LLC
since 2018
7 recorded transactions
Zoning & alternative use
C9D(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.5M
+63.7%
Apartment house (5+ units)
$15.0M
+58.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,955,000
6.5%
$11,960,000
7%
$11,105,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,470,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,500,000
Change: +64% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,015,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$10.63M
Range $9.56M – $11.69M · ±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
$30 / 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
$882,627
Tax year 2022
Assessed value
$37,435,400
Assessed 2022
Previous assessed
$37,435,400
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$4,424,400
Assessed improvement
$33,011,000
Land market value
$4,424,400
Improvement market value
$33,011,000
Total market value
$37,435,400
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
1979
Heating
YES
Cooling
YES
Stories
18
Units
482
Total area
356,540 SF
Lot
1.69 ac (73,747 SF)
Zoning code
C9D(A)
APN
361-0603-116
UPID
US92-0900280
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9D(A) · Milwaukee, WI
Zoning C9D(A) · permitted uses
C9D(A) · 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
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.0M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
YES
Cooling
Yes
Stories
18
Units
482
Lot
1.69 ac
Current owner
From public records · entity-resolved
Cl1 Milwaukee LLC
Entity
Mailing address
333 W KILBOURN AVE, MILWAUKEE, WI 53203-1507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Nov 30, 2020
—
Cl1 Milwaukee LLC
—
Deed
related
$12,464,579 · Firstbank Puerto Rico
Jul 19, 2019
—
Nlca Milwaukee Fee Owner LLC
—
Deed
related
—
Jul 2, 2018
$37,342,800
Cl1 Milwaukee LLC
Noble I Milwaukee LLC
Grant Deed
$8,000,000 · Kcp Milwaukee LLC
Jul 2, 2018
$27,000,000
Nlca Milwaukee Fee Owner LLC
Cl1 Milwaukee LLC
Grant Deed
$26,500,000 · Wells Fargo Trust Co NA (ce)
Sep 6, 2007
—
Noble I Milwaukee LLC
Milwaukee Mecca Hotel Associates LP
Special Warranty Deed
$44,160,000 · Greenwich Capital Financial Products INC
—
—
Noble I Milwaukee LLC
—
Deed Of Trust
related
$39,675 · Royal Bk/scotland Plc
—
—
Nlca Milwaukee Fee Owner LLC
—
Loan Modification
related
—
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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