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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
470 Story Hl Pl, Milwaukee, WI 53208-3682
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1987038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
10,560 SF
Lot
0.85 ac (37,104 SF)
Zoning code
PD
APN
403-0952-000
UPID
US92-1987038
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
-
Central Greens | A 100% Organic Aquaponic Facility Food Processing Plant
-
Essential Greens Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$695k
Owner & transaction history
Barti & Son LLC · 4 yrs held
Barti & Son LLC
since 2021
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+62.1%
Neighborhood: shopping center
$985,000
+46.5%
Office building
$835,000
+24.8%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$670,000
Current use
MEDICAL BUILDING
$1,085,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$835,000
Change: +25% · Conversion: Easy
INDUSTRIAL (GENERAL)
$575,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $575k (Nov 3 2021)
Last sale anchor
$575k
Nov 3 2021
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
$66 / 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
$8,667
Tax year 2022
Assessed value
$364,000
Assessed 2022
Previous assessed
$364,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$92,800
Assessed improvement
$271,200
Land market value
$92,800
Improvement market value
$271,200
Total market value
$364,000
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
2012
Heating
NONE
Stories
1
Units
6
Total area
10,560 SF
Lot
0.85 ac (37,104 SF)
Zoning code
PD
APN
403-0952-000
UPID
US92-1987038
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
$670,000
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
OFFICE BUILDING
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$575,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2012
Heating
NONE
Stories
1
Units
6
Lot
0.85 ac
Current owner
From public records · entity-resolved
Barti & Son LLC
Entity
Mailing address
730 N PLANKINTON AVE UNIT 2A, MILWAUKEE, WI 53203-2409
Ownership since
2021
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
Jun 1, 2022
—
Barti & Son LLC
—
Deed
related
$20,000 · Spring Bank
Nov 3, 2021
$575,000
Barti & Son LLC
Central Greens LLC
Warranty Deed
$240,000 · Milwaukee Economic Development Corp
Jan 12, 2021
—
Central Greens LLC
—
Deed
related
$450,000 · Commerce State Bank
Jul 22, 2016
—
Central Greens LLC
—
Deed Of Trust
related
$125,000 · Wisconsin Bk&tr
Oct 27, 2015
—
Central Greens LLC
—
Deed Of Trust
related
$1,000,000 · Wisconsin Bk&tr
Jun 25, 2014
$350,000
Central Greens LLC
Storyhill Investments LLC
Warranty Deed
$535,000 · Talmer Bank & Trust
—
—
Central Greens LLC
—
Deed Of Trust
related
$35,000 · Wisconsin Bk&tr
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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