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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
3700 Pierce St Milwaukee, WI 53215-1032
Entity Owned
16-yr Hold
Free & Clear
Property ID
US92-2033118
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1883
Total area
3,172 SF
Lot
0.15 ac (6,560 SF)
Zoning code
IH
APN
436-0631-000
UPID
US92-2033118
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
-
Urban Ecology Center of the Menomonee Valley Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$540k
Owner & transaction history
State Of Wisconsin Dept & Natural R · 16 yrs held
State Of Wisconsin Dept & Natural R
since 2009
4 recorded transactions
Zoning & alternative use
IH · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$380,000
+10.8%
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%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
RETAIL STORES
$340,000
Current use
AUTO REPAIR, GARAGE
$380,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$325,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$170 / 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
$203
Tax year 2022
Assessed value
$1,000,000
Assessed 2022
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$10,000
Assessed improvement
$990,000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1883
Heating
NONE
Cooling
YES
Stories
2
Units
2
Total area
3,172 SF
Lot
0.15 ac (6,560 SF)
Zoning code
IH
APN
436-0631-000
UPID
US92-2033118
Jurisdiction
MILWAUKEE
Zoning & alternative use
IH · Milwaukee, WI
Zoning IH · permitted uses
IH · 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
RETAIL STORES Current
Est. value
$340,000
AUTO REPAIR, GARAGE
Est. value
$380,000
MEDICAL BUILDING
Est. value
$325,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL 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
1883
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
State Of Wisconsin Dept & Natural R
Entity
Free & Clear · 16 yrs held
Mailing address
1500 E PARK PL, MILWAUKEE, WI 53211-3587
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2009
$140,000
State Of Wisconsin Dept & Natural R
Watson Family Ents LLC
Warranty Deed
—
Aug 21, 2008
—
Watson Family Ents LLC
Charles E Watson
Quit Claim Deed
related
—
Apr 6, 2004
$20,000
Watson,charles E
Rita M Viramontes
Quit Claim Deed
related
—
—
—
Urban Ecology Center INC
—
Deed Of Trust
related
$500,000 · Privatebank & 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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