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Property profile & analytics
OFF-MARKET
Estimated value
$21,600,000
Grocery and convenience stores
4101 4191st N 56th St 4191 Milwaukee, WI 53216-1267
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0761253
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Total area
169,550 SF
Lot
12.04 ac (524,637 SF)
Zoning code
RB2
APN
249-0872-000
UPID
US92-0761253
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
-
Ashley Stewart Clothing & Fashion Store
-
Urban Brands Clothing & Fashion Store
-
Sandrine Tagni Kounga Physician
-
Herlynne Martin, OD Physician
-
America's Best Contacts & Eyeglasses (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.36M
Comparable Approach
Comparable
$16.36M
Blend (final)
Blend
$21.60M
Owner & transaction history
Laureate Capital LLC · 3 yrs held
Laureate Capital LLC
since 2023
Last sale
$22.1M
4 recorded transactions
Zoning & alternative use
RB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$26.5M
+101.3%
Restaurant
$21.6M
+63.6%
Auto repair, garage
$20.2M
+53.5%
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
$28,860,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,640,000
6.5%
$27,360,000
7%
$25,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,180,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,530,000
Change: +101% · Conversion: Difficult
RESTAURANT
$21,560,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,225,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$17,455,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,775,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,710,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$13,435,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$21.60M
Range $19.44M – $23.76M · ±10% · vs last sale $22.13M (May 11 2023)
Last sale anchor
$22.13M
May 11 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
$127 / 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
$351,078
Tax year 2022
Assessed value
$14,745,000
Assessed 2022
Previous assessed
$14,745,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$2,208,900
Assessed improvement
$12,536,100
Land market value
$2,208,900
Improvement market value
$12,536,100
Total market value
$14,745,000
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
2002
Heating
NONE
Cooling
YES
Stories
1
Units
24
Total area
169,550 SF
Lot
12.04 ac (524,637 SF)
Zoning code
RB2
APN
249-0872-000
UPID
US92-0761253
Jurisdiction
MILWAUKEE
Zoning & alternative use
RB2 · Milwaukee, WI
Zoning RB2 · permitted uses
RB2 · 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
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.5M
RESTAURANT
Est. value
$21.6M
AUTO REPAIR, GARAGE
Est. value
$20.2M
MEDICAL BUILDING
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.8M
COMMERCIAL (GENERAL)
Est. value
$14.7M
OFFICE BUILDING
Est. value
$13.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Units
24
Lot
12.04 ac
Current owner
From public records · entity-resolved
Laureate Capital LLC
Entity
Mailing address
361 17TH ST NW UNIT #2601, ATLANTA, GA 30363-1092
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$22,130,700
Laureate Capital LLC
Mid Milk Improvements LLC
Special Warranty Deed
$16,597,000 · Wells Fargo Bank NA
Dec 9, 2020
—
Mid Milk Improvements LLC
—
Deed
related
$1,700,000 · Briar Meads Spv Xvi LLC
Apr 2, 2014
$47,150,000
Mid Milk Improvement LLC
Inland Western Milwaukee Midtown Ll
Special Warranty Deed
—
—
—
Mid Milk Improvements LLC
—
Loan Modification
related
$1,700,000 · Briar Meads Spv Xvi 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.
Try Rey
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