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Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Retail space
3760 Wheelhouse Rd, Milwaukee, WI 53208-2261
Entity Owned
7-yr Hold
Free & Clear
Property ID
US92-2008589
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
39,337 SF
Lot
2 ac (87,164 SF)
Zoning code
IH
APN
423-0052-000
UPID
US92-2008589
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
-
Splat! Digital Printing, Inc. Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.35M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$4.93M
Owner & transaction history
Double Clutch LLC · 7 yrs held
Double Clutch LLC
since 2019
7 recorded transactions
Zoning & alternative use
IH · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+100.2%
Apartment house (5+ units)
$4.8M
+90.1%
Auto repair, garage
$4.7M
+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%
$6,875,000
6.5%
$6,350,000
7%
$5,895,000
Alternative Use
Use
Estimation
RESTAURANT
$5,000,000
Change: +100% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,750,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,690,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$4,050,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,660,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$3,115,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±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
$65,408
Tax year 2022
Assessed value
$2,626,500
Assessed 2022
Previous assessed
$2,626,500
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$260,900
Assessed improvement
$2,365,600
Land market value
$260,900
Improvement market value
$2,365,600
Total market value
$2,626,500
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
39,337 SF
Lot
2 ac (87,164 SF)
Zoning code
IH
APN
423-0052-000
UPID
US92-2008589
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
RESTAURANT
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.1M
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
2018
Heating
NONE
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Double Clutch LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3760 W WHEELHOUSE RD, MILWAUKEE, WI 53208-2261
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Double Clutch LLC
—
Deed
related
$3,454,883 · Park Bk
May 19, 2020
—
Double Clutch LLC
—
Deed
related
$1,737,723 · Us Small Business Administrati
May 18, 2020
—
Double Clutch LLC
—
Deed
related
—
Mar 18, 2020
—
Double Clutch LLC
—
Deed
related
$1,255,953 · Park Bk
Feb 12, 2020
—
Double Clutch LLC
—
Deed
related
$1,381,548 · Park Bk
Jan 22, 2020
—
Double Clutch LLC
—
Deed
related
$1,255,953 · Park Bk
Jan 16, 2019
—
Double Clutch LLC
Redevelopment Authority Of The
Grant Deed
related
—
Nov 28, 2018
—
Double Clutch LLC
Redevelopment Authority Of The City
Warranty Deed
$3,175,188 · Park Bank
—
—
Double Clutch LLC
—
Deed Of Trust
related
$1,737,723 · Us Small Business Administrati
—
—
Double Clutch LLC
—
Deed Of Trust
related
—
—
—
Double Clutch LLC
—
Loan Modification
related
$1,255,953 · Park Bk
—
—
Double Clutch LLC
—
Loan Modification
related
$1,381,548 · Park Bk
—
—
Double Clutch LLC
—
Loan Modification
related
$3,454,883 · Park Bk
—
—
Double Clutch LLC
—
Loan Modification
related
$1,255,953 · Park Bk
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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