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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Drug stores
3522 Wisconsin Ave, Milwaukee, WI 53208-3846
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-0902928
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1996
Total area
15,120 SF
Lot
1.45 ac (63,118 SF)
Zoning code
PD
APN
387-0755-110
UPID
US92-0902928
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
-
Bitcoin Depot | BDCheckout Atm
-
Western Union Bank Credit Union
-
Brandon Maydew Pharmacy
-
Megan Guisinger Pharmacy
-
Krystyn Paszkiewicz Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.90M
Owner & transaction history
Dehe 48 Wisconisin LLC · 8 yrs held
Dehe 48 Wisconisin LLC
since 2018
2 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+100.2%
Apartment house (5+ units)
$1.8M
+90.1%
Auto repair, garage
$1.8M
+87.8%
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%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Alternative Use
Use
Estimation
RESTAURANT
$1,925,000
Change: +100% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,825,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,805,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$1,555,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,405,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$1,200,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$125 / 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
$48,365
Tax year 2022
Assessed value
$2,031,300
Assessed 2022
Previous assessed
$2,031,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$488,700
Assessed improvement
$1,542,600
Land market value
$488,700
Improvement market value
$1,542,600
Total market value
$2,031,300
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
15,120 SF
Lot
1.45 ac (63,118 SF)
Zoning code
PD
APN
387-0755-110
UPID
US92-0902928
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1996
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Dehe 48 Wisconisin LLC
Entity
Mailing address
930 TAHOE BLVD800-902, INCLINE VILLAGE, NV 89451-9451
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
$4,267,400
Dehe 48 Wisconisin LLC
Mred Associates
Special Warranty Deed
$2,500,000 · Wells Fargo Bank NA
—
—
Mred 35th Of Wisconsin Assocs
—
Deed Of Trust
related
$1,549,328 · Redmond Mark D & K J Tr (pt)
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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