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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
5132 Ml Rd Milwaukee, WI 53218-1302
Entity Owned
2-yr Hold
Property ID
US92-1324353
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1946
Total area
8,220 SF
Lot
0.38 ac (16,500 SF)
Zoning code
LB1
APN
139-9709-100
UPID
US92-1324353
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
-
Cream City Boxing Gymnasium Child Welfare Organization Foster Care Service
-
OnTheMill Bar & Pub
-
creamcityboxing Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$525k
Owner & transaction history
Mill Rd Holding LLC · 2 yrs held
Mill Rd Holding LLC
since 2023
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$845,000
+18.7%
Neighborhood: shopping center
$765,000
+7.3%
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
$490,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Current use
MEDICAL BUILDING
$845,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$765,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Oct 26 2023)
Last sale anchor
$500k
Oct 26 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
$64 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,958
Tax year 2023
Assessed value
$335,100
Assessed 2023
Previous assessed
$335,100
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$24,800
Assessed improvement
$310,300
Total market value
$402,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1946
Heating
YES
Cooling
YES
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
8,220 SF
Lot
0.38 ac (16,500 SF)
Zoning code
LB1
APN
139-9709-100
UPID
US92-1324353
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
COMMERCIAL (GENERAL) Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$765,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
5
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mill Rd Holding LLC
Entity
Mailing address
4616 W HAMPTON AVE, MILWAUKEE, WI 53218-5238
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
Mill Rd Holdings LLC
—
Deed
related
$300,000 · State Bank Of Chilton
Oct 26, 2023
$500,000
Mill Rd Holding LLC
Cream City On The Mill LLC
Warranty Deed
$375,000 · Spring Bank
Oct 26, 2023
—
Cream City On The Mill LLC
Nicole Baxter
Correction Deed
related
$375,000 · Spring Bank
May 25, 2023
—
Crean City On The Mill LLC
Nicole Baxter
Quit Claim Deed
related
—
Mar 7, 2023
—
Nicole Baxter
Kirsy L Lockett
Quit Claim Deed
related
—
May 20, 2019
—
Kirby L Lockett
Crry Of Milwaukee
Quit Claim Deed
related
—
Nov 13, 2006
$500,000
Jocelyn S Beckham
Kenneth M Herro
Warranty Deed
$375,000 · Ofc Mortgage
Nov 2, 2004
$150,100
Herro,elaine J P & Kenneth M
John Bohan
Warranty Deed
—
Jan 23, 2004
$183,800
Bohan,john
Kipps Supper Club INC
Warranty Deed
—
Jan 23, 2004
—
Bohan,john
Brian Sanders
Grant 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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