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Property profile & analytics
OFF-MARKET
Estimated value
$11,700,000
Hotels
424 Wisconsin Ave, Milwaukee, WI 53202-4436
Entity Owned
25-yr Hold
Free & Clear
Property ID
US92-1112870
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1893
Total area
391,430 SF
Lot
1 ac (43,364 SF)
Zoning code
C9F(B)
APN
392-0801-100
UPID
US92-1112870
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
-
winery Brewery & Distillery Specialty Food Shop
-
Blu Bar & Pub
-
Well Spa + Salon Spa & Massage Center
-
The Pfister Florist Milwaukee | Flower Delivery (Bike/Boat/Book/etc) Store
-
The Pfister Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.13M
Comparable Approach
Comparable
$10.27M
Blend (final)
Blend
$11.70M
Owner & transaction history
Pfister LLC · 25 yrs held
Pfister LLC
since 2000
1 recorded transaction
Zoning & alternative use
C9F(B) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$17.0M
+63.7%
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%
$14,225,000
6.5%
$13,130,000
7%
$12,190,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$17,015,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$11.70M
Range $10.53M – $12.87M · ±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
$30 / 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
$985,348
Tax year 2022
Assessed value
$41,383,800
Assessed 2022
Previous assessed
$41,383,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$3,240,000
Assessed improvement
$38,143,800
Land market value
$3,240,000
Improvement market value
$38,143,800
Total market value
$41,383,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1893
Heating
YES
Cooling
YES
Stories
23
Units
833
Total area
391,430 SF
Lot
1 ac (43,364 SF)
Zoning code
C9F(B)
APN
392-0801-100
UPID
US92-1112870
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(B) · Milwaukee, WI
Zoning C9F(B) · permitted uses
C9F(B) · 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
HOTEL/MOTEL Current
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.0M
HOTEL/MOTEL Current
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
1893
Heating
YES
Cooling
Yes
Stories
23
Units
833
Lot
1 ac
Current owner
From public records · entity-resolved
Pfister LLC
Entity
Free & Clear · 25 yrs held
Mailing address
100 E WISCONSIN AVE STE #1950, MILWAUKEE, WI 53202-4113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2000
—
Pfister LLC
Pfister Corp
Quit Claim Deed
related
—
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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