Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Banks
414 National Ave Milwaukee, WI 53204-1744
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0126229
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1906
Total area
16,511 SF
Lot
0.48 ac (21,000 SF)
Zoning code
LB2
APN
431-1096-100
UPID
US92-0126229
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
-
Cicily Weaver (BMO Harris Bank Mortgage Banker) Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
414 W National 5320 LLC · 2 yrs held
414 W National 5320 LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+49.9%
Apartment house (5+ units)
$2.0M
+36.7%
Retail stores
$1.7M
+11.8%
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
$1,955,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,480,000
Current use
AUTO REPAIR, GARAGE
$2,220,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,025,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,655,000
Change: +12% · Conversion: Difficult
RESTAURANT
$1,570,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.50M (Oct 2 2023)
Last sale anchor
$1.50M
Oct 2 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
$94 / 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
$35,353
Tax year 2022
Assessed value
$1,484,800
Assessed 2022
Previous assessed
$1,484,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$196,600
Assessed improvement
$1,288,200
Land market value
$196,600
Improvement market value
$1,288,200
Total market value
$1,484,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1906
Heating
YES
Stories
1
Units
2
Total area
16,511 SF
Lot
0.48 ac (21,000 SF)
Zoning code
LB2
APN
431-1096-100
UPID
US92-0126229
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
FINANCIAL BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
MEDICAL 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
1906
Heating
YES
Stories
1
Units
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
414 W National 5320 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
429 W BODEN ST MILWAUKEE
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
Jan 26, 2026
—
414 W National 53207 LLC
—
Deed
related
$750,000 · Peoples State Bank
Oct 2, 2023
$1,500,000
414 W National 5320 LLC
Linda Dashiell
Warranty Deed
—
Apr 6, 2018
$1,765,000
Linda Dashiell
Cp Maple Leaf 3 LLC
Grant Deed
$650,000 · Keypoint Cu
Jan 8, 2016
$1,488,000
Cp Maple Leaf 3 LLC
Bmo Harris Bank NA
Special Warranty Deed
$39,618,051 · Starwood Property Mortgage 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 414 National Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
