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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Retail space
5341 Fond Du Lac Ave Milwaukee, WI 53216-1365
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-3462258
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
8,011 SF
Lot
1.42 ac (61,812 SF)
Zoning code
RB2
APN
249-0802-000
UPID
US92-3462258
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
-
Ishan Rangnekar Dental Office
-
Dr. Lisa Sanfelippo Dental Office
-
Ashley Nguyen Dental Office
-
Dr. Snehal Pingle Dental Office
-
Kapil Laddha Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$915k
Owner & transaction history
3047 Property LLC · 12 yrs held
3047 Property LLC
since 2013
7 recorded transactions
Zoning & alternative use
RB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+101.3%
Restaurant
$1.0M
+63.6%
Auto repair, garage
$955,000
+53.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Change: +101% · Conversion: Difficult
RESTAURANT
$1,020,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$635,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$114 / 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
$33,101
Tax year 2022
Assessed value
$1,390,200
Assessed 2022
Previous assessed
$1,390,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$556,300
Assessed improvement
$833,900
Land market value
$556,300
Improvement market value
$833,900
Total market value
$1,390,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
YES
Stories
1
Units
2
Total area
8,011 SF
Lot
1.42 ac (61,812 SF)
Zoning code
RB2
APN
249-0802-000
UPID
US92-3462258
Jurisdiction
MILWAUKEE
Zoning & alternative use
RB2 · Milwaukee, WI
Zoning RB2 · permitted uses
RB2 · 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
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$695,000
OFFICE BUILDING
Est. value
$635,000
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
2004
Heating
YES
Stories
1
Units
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
3047 Property LLC
Entity
Mailing address
7006 W SUNSET BLVD, HOLLYWOOD, CA 90028-7510
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
3047 Property LLC
—
Deed
related
$673,472 · Tri City National Bank
Nov 12, 2018
—
3047 Property LLC
—
Deed
related
$651,436 · Tri City National Bank
Aug 9, 2013
$975,000
3047 Property LLC
Manna Enterprises INC
Warranty Deed
$487,500 · Tri City National Bank
Jul 31, 2006
—
Manna Ents INC
Fred Jones
Warranty Deed
$2,181,000 · Wcdlf Sub Cde Xvii LLC
Nov 19, 2004
—
Fmj Ents LLC
—
Grant Deed
related
$1,553,000 · Legacy Bk
Mar 18, 2004
$575,000
Fmj Ents LLC
Donald R Oglivie
Warranty Deed
$675,000 · Legacy Bk
—
—
Fmj Ents LLC
—
Deed Of Trust
related
$639,000 · Legacy Bk
—
—
Fmj Ents LLC
—
Deed Of Trust
related
$657,000 · Miscellaneous Govt Agcy
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.
Try Rey
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