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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Apartment buildings
4651 4661st N 36th St 4661 Milwaukee, WI 53209-5971
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1280884
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
10,932 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RM2
APN
229-1207-210
UPID
US92-1280884
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.14M
Owner & transaction history
Ace Property Acquisitions LLC · 3 yrs held
Ace Property Acquisitions LLC
since 2023
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
RM2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,110,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,425,000
Current use
RESTAURANT
$1,390,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,305,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $735k (Mar 2 2023)
Last sale anchor
$735k
Mar 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
$104 / 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
$12,072
Tax year 2022
Assessed value
$507,000
Assessed 2022
Previous assessed
$507,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$25,600
Assessed improvement
$481,400
Land market value
$25,600
Improvement market value
$481,400
Total market value
$507,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
12
Rooms
48
Bathrooms
1
Total area
10,932 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RM2
APN
229-1207-210
UPID
US92-1280884
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM2 · Milwaukee, WI
Zoning RM2 · permitted uses
RM2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Cooling
Yes
Stories
2
Units
12
Rooms
48
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Ace Property Acquisitions LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4651 N 36TH ST 4661ST 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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$601,000
Ace Property Acquisitions LLC
36th Ave LLC
Warranty Deed
—
Mar 2, 2023
$735,000
Gregg Prummer
Ace Property Acquisitions LLC
Warranty Deed
—
Aug 11, 2020
$490,000
36th Ave LLC
Wmy Investments LLC
Warranty Deed
$379,200 · Waterstone Bank Ssb
Dec 11, 2018
$485,000
Wmy Investments LLC
Nk Investment Group LLC
Warranty Deed
$300,000 · Waterstone Bank Ssb
Sep 13, 2017
$380,000
Nk Investment Group LLC
2431 W Capital Dr LLC
Warranty Deed
—
Apr 27, 2017
$435,000
Nk Investment Group LLC
Jakup Beshiri
Warranty Deed
$340,000 · Johnson Bk
Oct 28, 2005
$425,000
Jakup Beshiri
Hampton LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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