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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Drug stores
4808 Hopkins St, Milwaukee, WI 53209-5328
Individually Owned
Free & Clear
Property ID
US92-3341016
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1981
Total area
13,000 SF
Lot
1.41 ac (61,594 SF)
Zoning code
LB1
APN
208-9997-100
UPID
US92-3341016
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
-
FedEx OnSite Postal Service Courier Service
-
Bitcoin Depot | BDCheckout Atm
-
LibertyX Bitcoin ATM Atm
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$1.04M
Owner & transaction history
Hak Jae Kim
Hak Jae Kim
since 2026
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+146.6%
Restaurant
$1.7M
+140.7%
Auto repair, garage
$1.6M
+125.7%
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
$1,205,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: +147% · Conversion: Difficult
RESTAURANT
$1,655,000
Change: +141% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,550,000
Change: +126% · Conversion: Difficult
MEDICAL BUILDING
$1,340,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,130,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$1,030,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $925k (Aug 16 2023)
Last sale anchor
$925k
Aug 16 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
$80 / 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
$45,720
Tax year 2022
Assessed value
$1,920,200
Assessed 2022
Previous assessed
$1,920,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$662,200
Assessed improvement
$1,258,000
Land market value
$662,200
Improvement market value
$1,258,000
Total market value
$1,920,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
13,000 SF
Lot
1.41 ac (61,594 SF)
Zoning code
LB1
APN
208-9997-100
UPID
US92-3341016
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB1 · Milwaukee, WI
Zoning LB1 · permitted uses
LB1 · 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
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
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
1981
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Hak Jae Kim
Individual
Free & Clear · 0 yrs held
Mailing address
8080 W BROWN DEER RD, MILWAUKEE, WI 53223-1702
Ownership since
2026
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
Mar 5, 2026
—
Hak Jae Kim
A1 Beauty 2 LLC
Quitclaim Deed
related
—
Aug 16, 2023
$925,000
A1 Beauty 2 LLC
Walgreen Co
Warranty Deed
$462,500 · Tri City National Bank
May 14, 2008
$1,075,000
Walgreen Co
Waldrest Associates
Grant Deed
—
May 14, 2008
—
Walgreen Co
Waldrest Associates
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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