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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Retail space
400 Broadway Ste 303 Milwaukee, WI 53202-5510
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-1223797
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1911
Total area
2,714 SF
Lot
0.01 ac (588 SF)
Zoning code
C9G
APN
392-2587-000
UPID
US92-1223797
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
Remainder R R P S C 2015 Unitr Trust · 8 yrs held
Remainder R R P S C 2015 Unitr Trust
since 2018
7 recorded transactions
Zoning & alternative use
C9G · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all property lines a distance at l east equal to the height of the tower. Any other tower may be allowed as a special use.
Zone name
Mixed Activity
General category
INDUSTRIAL
Source
Master V2
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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$142 / 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
$9,248
Tax year 2022
Assessed value
$388,400
Assessed 2022
Previous assessed
$388,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$17,600
Assessed improvement
$370,800
Land market value
$17,600
Improvement market value
$370,800
Total market value
$388,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1911
Heating
NONE
Cooling
YES
Stories
10
Units
2
Total area
2,714 SF
Lot
0.01 ac (588 SF)
Zoning code
C9G
APN
392-2587-000
UPID
US92-1223797
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WIZoning C9G · permitted uses
C9G · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all property lines a distance at l east equal to the height of the tower. Any other tower may be allowed as a special use.
Zone name
Mixed Activity
General category
INDUSTRIAL
Source
Master V2
Building & site characteristics
From public records
Year built
1911
Heating
NONE
Cooling
Yes
Stories
10
Units
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
Remainder R R P S C 2015 Unitr Trust
Trust
Mailing address
400 N BROADWAY STE #303, MILWAUKEE, WI 53202-5510
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
Remainder R R P S C 2015 Unitr Trust
Richard R SR
Quit Claim Deed
related
—
Dec 1, 2016
—
Suzanne & Richard Pieper Famil
Richard R SR
Quit Claim Deed
related
—
Mar 25, 2016
$462,500
Richard R Pieper SR
Fm-mke Wisconsin LLC
Warranty Deed
—
Feb 23, 2011
$305,000
Fm-mke Wisconsin LLC
400 North Broadway LLC
Grant Deed
—
Feb 23, 2011
$32,000
Fm Mke Wisconsin LLC
Michael D Drescher Trust
Warranty Deed
$248,000 · Pnc Bank NA
—
—
Fm-mke Wisconsin LLC
—
Loan Modification
related
$257,200 · Pnc Bk
—
—
Fm-mke Wisconsin LLC
—
Deed Of Trust
related
$213,000 · Wisconsin Busn Dev Fin
—
—
Fm-mke Wisconsin LLC
—
Loan Modification
related
$205,700 · Pnc Bk
—
—
Fm-mke Wisconsin LLC
—
Deed Of Trust
related
$213,000 · Pnc 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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