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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
407 Hawley Rd Milwaukee, WI 53213-4234
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0725389
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Total area
4,573 SF
Lot
0.32 ac (13,761 SF)
Zoning code
LB2
APN
404-0610-100
UPID
US92-0725389
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
-
événement planning Wedding Service Event Planning
-
Story Hill FireHouse Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$595k
Owner & transaction history
Sh Firehouse LLC · 7 yrs held
Sh Firehouse LLC
since 2018
6 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$545,000
+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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
AUTO REPAIR, GARAGE
$545,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$470,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$425,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$130 / 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
$10,660
Tax year 2022
Assessed value
$447,700
Assessed 2022
Previous assessed
$447,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$69,700
Assessed improvement
$378,000
Land market value
$69,700
Improvement market value
$378,000
Total market value
$447,700
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
1927
Heating
NONE
Units
2
Total area
4,573 SF
Lot
0.32 ac (13,761 SF)
Zoning code
LB2
APN
404-0610-100
UPID
US92-0725389
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
$490,000
AUTO REPAIR, GARAGE
Est. value
$545,000
MEDICAL BUILDING
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1927
Heating
NONE
Units
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Sh Firehouse LLC
Entity
Mailing address
407 N HAWLEY RD, MILWAUKEE, WI 53213-4234
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
$450,000
Sh Firehouse LLC
Andrew G Paremski
Warranty Deed
$768,500 · Waukesha State Bank
Nov 5, 2009
—
Paremski,andrew G & Catherine M
Enterprise Art Glass Works INC
Warranty Deed
—
Aug 17, 2009
—
Enterprise Art Glass Works INC
City Of Milwaukee
Quit Claim Deed
related
—
Aug 12, 2009
—
Enterprise Art Glass Works INC
City Of Milwaukee
Grant Deed
—
—
—
Paremski,andrew G & Catherine M
—
Deed Of Trust
related
$100,000 · Miscellaneous Govt Agcy
—
—
Paremski,andrew G & Catherine M
—
Deed Of Trust
related
$125,000 · Waterstone Bk Ssb
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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