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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
5100 Blue Mound Rd 5102 Milwaukee, WI 53208-3654
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0473137
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1927
Total area
3,548 SF
Lot
0.16 ac (7,170 SF)
Zoning code
LB2
APN
404-0521-000
UPID
US92-0473137
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
-
Lo McCarville Photography Wedding Service Photography Service
-
Story Hill BKC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$535k
Owner & transaction history
Blue 51 LLC · 12 yrs held
Blue 51 LLC
since 2013
6 recorded transactions
Zoning & alternative use
LB2 · 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
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$450,000
Current use
AUTO REPAIR, GARAGE
$425,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$365,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$151 / 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
$13,174
Tax year 2022
Assessed value
$553,300
Assessed 2022
Previous assessed
$553,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$25,100
Assessed improvement
$528,200
Land market value
$25,100
Improvement market value
$528,200
Total market value
$553,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1927
Heating
YES
Stories
1
Units
6
Total area
3,548 SF
Lot
0.16 ac (7,170 SF)
Zoning code
LB2
APN
404-0521-000
UPID
US92-0473137
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
RESTAURANT Current
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$425,000
MEDICAL BUILDING
Est. value
$365,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1927
Heating
YES
Stories
1
Units
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Blue 51 LLC
Entity
Mailing address
6732 W FAIRVIEW AVE, MILWAUKEE, WI 53213-3937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
—
Blue 51 LLC
—
Grant Deed
related
$2,028,171 · Wisconsin Bk&tr
May 20, 2014
—
Blue 51 LLC
—
Deed Of Trust
related
$1,250,000 · Community Bk
Oct 14, 2013
$168,000
Blue 51 LLC
Neu Enterprises LLC
Warranty Deed
$126,000 · Community Bank & Trust
Nov 27, 2007
—
Neu Ents LLC
Gail D Neu
Quit Claim Deed
—
Jul 31, 2007
—
Neu,gail D
Robert A Neu
Quit Claim Deed
related
—
—
—
Blue 51 LLC
—
Deed Of Trust
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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