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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Investment properties
5300 Blue Mound Rd 5310 Milwaukee, WI 53208-3010
Entity Owned
1-yr Hold
Property ID
US92-0383970
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Total area
7,622 SF
Lot
0.2 ac (8,789 SF)
Zoning code
LB2
APN
404-0574-000
UPID
US92-0383970
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
-
Ian's Pizza Milwaukee | Story Hill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$920k
Owner & transaction history
Praia Day Properties LLC · 1 yrs held
Praia Day Properties LLC
since 2025
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+174.5%
Apartment house (5+ units)
$920,000
+160.7%
Auto repair, garage
$910,000
+157.5%
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
$970,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$970,000
Change: +174% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$920,000
Change: +161% · Conversion: Moderate
AUTO REPAIR, GARAGE
$910,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: +122% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: +71% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $900k (May 1 2025)
Last sale anchor
$900k
May 1 2025
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
$121 / 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
$11,498
Tax year 2022
Assessed value
$509,400
Assessed 2022
Previous assessed
$509,400
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$30,800
Assessed improvement
$478,600
Land market value
$30,800
Improvement market value
$478,600
Total market value
$509,400
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
1927
Heating
YES
Stories
2
Units
7
Total area
7,622 SF
Lot
0.2 ac (8,789 SF)
Zoning code
LB2
APN
404-0574-000
UPID
US92-0383970
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
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$910,000
MEDICAL BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
OFFICE BUILDING
Est. value
$605,000
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1927
Heating
YES
Stories
2
Units
7
Lot
0.2 ac
Current owner
From public records · entity-resolved
Praia Day Properties LLC
Entity
Mailing address
839 N 73RD ST, WAUWATOSA, WI 53213-3650
Ownership since
2025
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 1, 2025
$900,000
Praia Day Properties LLC
Streamline 53 LLC
Special Warranty Deed
$720,000 · Oak Bank
May 1, 2023
—
Streamline 53 LLC
—
Deed
related
$85,000 · Waterstone Bank Ssb
Mar 1, 2022
—
Streamline 53 LLC
—
Deed
related
$450,000 · Waterstone Bank Ssb
Jun 4, 2018
$452,000
Streamline 53 LLC
Kaye Holdings III LLC
Special Warranty Deed
$339,000 · Waterstone Bank Ssb
Jul 16, 2007
$360,000
Kaye Holdings III LLC
Johnson Bank
Personal Representative Deed
$352,385 · Lincoln State Bank
—
—
Kaye Holdings LLC
—
Deed Of Trust
related
$725,000 · Pyramax Bk
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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