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Property profile & analytics
OFF-MARKET
Estimated value
$27,820,000
Commercial real estate
3900 Estabrook Pkwy Shorewood, WI 53211-1800
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-2246163
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Total area
145,605 SF
Lot
2.64 ac (114,955 SF)
APN
275-8991-001
UPID
US92-2246163
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.35M
Comparable Approach
Comparable
$17.71M
Blend (final)
Blend
$27.82M
Owner & transaction history
Wi Oaks Of Shorewood Apartments LLC · 3 yrs held
Wi Oaks Of Shorewood Apartments LLC
since 2023
Last sale
$28.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$37.3M
+80.7%
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 Shorewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shorewood 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
$26,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,630,000
6.5%
$27,350,000
7%
$25,400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$37,345,000
Change: +81% · Conversion: Moderate
RESTAURANT
$18,515,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,370,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$27.82M
Range $25.04M – $30.60M · ±10% · vs last sale $28.80M (Mar 1 2023)
Last sale anchor
$28.80M
Mar 1 2023
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
$191 / 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
$570,789
Tax year 2022
Assessed value
$13,400,000
Assessed 2022
Previous assessed
$13,400,000
+0.0% YoY
Effective rate
4.26%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$11,400,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2019
Total area
145,605 SF
Lot
2.64 ac (114,955 SF)
APN
275-8991-001
UPID
US92-2246163
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$20.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$37.3M
RESTAURANT
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$17.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Lot
2.64 ac
Current owner
From public records · entity-resolved
Wi Oaks Of Shorewood Apartments LLC
Entity
Mailing address
9757 NE JUANITA DR STE 300TH KIRKLAND
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$28,800,000
Wi Oaks Of Shorewood Apartments LLC
Shorewood Senior Apartments LLC
Special Warranty Deed
$18,910,000 · Jll Real Estate Capital LLC
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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