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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Grocery and convenience stores
3920 27th St Milwaukee, WI 53221-1826
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-3425946
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1969
Total area
38,274 SF
Lot
3.29 ac (143,312 SF)
Zoning code
LB1
APN
577-9998-110
UPID
US92-3425946
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
-
Ria Money Transfer Agent Bank Credit Union
-
MONTACOS Restaurant
-
Vigo Bank Credit Union
-
Amazon Locker - Humano Postal Service Courier Service
-
AKK Tax & Accounting LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$4.02M
Owner & transaction history
Monterry Market Plaza LLC · 7 yrs held
Monterry Market Plaza LLC
since 2019
7 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.5M
+56.6%
Restaurant
$4.9M
+18.2%
Auto repair, garage
$4.6M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,120,000
Current use
COMMERCIAL (GENERAL)
$6,450,000
Change: +57% · Conversion: Easy
RESTAURANT
$4,865,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,565,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$3,940,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,560,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±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
$105 / 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
$77,687
Tax year 2022
Assessed value
$3,262,800
Assessed 2022
Previous assessed
$3,262,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,433,300
Assessed improvement
$1,829,500
Land market value
$1,433,300
Improvement market value
$1,829,500
Total market value
$3,262,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
38,274 SF
Lot
3.29 ac (143,312 SF)
Zoning code
LB1
APN
577-9998-110
UPID
US92-3425946
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB1 · Milwaukee, WI
Zoning LB1 · permitted uses
LB1 · 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
$4.1M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
3.29 ac
Current owner
From public records · entity-resolved
Monterry Market Plaza LLC
Entity
Mailing address
3014 S 13TH ST, MILWAUKEE, WI 53215-3873
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
Monterrey Market Plaza LLC
—
Deed
related
$88,600 · Waukesha State Bank
Jan 20, 2021
—
Monterrey Market Plaza LLC
—
Deed
related
$2,000,000 · Peoples Bk
Nov 12, 2020
—
Monterrey Market Plaza LLC
—
Deed
related
$1,600,000 · Peoples State Bank
Nov 9, 2020
—
Monterrey Market Plaza LLC
—
Deed Of Trust
related
$2,000,000 · Peoples Bk
Oct 14, 2019
—
Monterrey Market Plaza LLC
—
Deed
related
$1,539,600 · Peoples State Bank
May 31, 2019
$2,650,000
Monterry Market Plaza LLC
Kla Development Partfolio Owner LLC
Warranty Deed
$2,252,500 · Peoples State Bank
Feb 1, 2019
$1,300,000
Kla Dev Portfolio Owner LLC
Tru Trust 2016 LLC
Grant Deed
$65,500 · Loancore Cap Credit Reit LLC
Nov 10, 2016
—
Toys R Us Property Company II LLC
—
Deed
related
$512,000 · Bank Of America NA
Dec 10, 2009
—
Toys R Us Property Co II LLC
—
Grant Deed
related
$725,000,000 · Bank Of Ny Mellon
Aug 9, 2005
$5,500,000
Giraffe Properties LLC
Toys R Us-delaware INC
Grant Deed
$425,000 · German Am Cap
—
—
Monterrey Market Plaza LLC
—
Deed Of Trust
related
$1,646,000 · Private Individual
—
—
Monterrey Market Plaza LLC
—
Deed Of Trust
related
$2,000,000 · Peoples 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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