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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Strip malls
5306 5328th S 27th St 5328 Milwaukee, WI 53221-3724
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0476754
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
17,487 SF
Lot
0.86 ac (37,630 SF)
Zoning code
LB1
APN
644-1622-100
UPID
US92-0476754
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
-
Nur Family Grocery & Convenience Store Food Market
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$3.28M
Owner & transaction history
Hover Properties LLC · 4 yrs held
Hover Properties LLC
since 2022
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.2M
+99.2%
Commercial (general)
$2.9M
+81.1%
Restaurant
$2.2M
+36.7%
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
$3,750,000
ML approach
$3,590,000
CAP Approach
CAP Return
Estimation
6%
$4,005,000
6.5%
$3,695,000
7%
$3,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,240,000
Change: +99% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,945,000
Change: +81% · Conversion: Easy
RESTAURANT
$2,225,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,085,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.10M (Mar 4 2022)
Last sale anchor
$3.10M
Mar 4 2022
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
$188 / 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
$45,018
Tax year 2022
Assessed value
$1,890,700
Assessed 2022
Previous assessed
$1,890,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$451,600
Assessed improvement
$1,439,100
Land market value
$451,600
Improvement market value
$1,439,100
Total market value
$1,890,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Units
10
Total area
17,487 SF
Lot
0.86 ac (37,630 SF)
Zoning code
LB1
APN
644-1622-100
UPID
US92-0476754
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1968
Heating
YES
Cooling
Yes
Stories
1
Units
10
Lot
0.86 ac
Current owner
From public records · entity-resolved
Hover Properties LLC
Entity
Mailing address
2020 W LAYTON AVE, MILWAUKEE, WI 53221-2797
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$3,100,000
Hover Properties LLC
S26th Street LLC
Warranty Deed
$2,250,000 · Verve A Cu
Dec 29, 2016
$1,900,000
S26th Street LLC
Kleczka Family LP
Grant Deed
$1,715,000 · Verve
Dec 22, 2016
—
Kleczka Family LP
Loretta M Kleczka
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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