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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Hotels
545 Layton Ave, Milwaukee, WI 53207-5931
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-3465613
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
76,900 SF
Lot
4.35 ac (189,573 SF)
Zoning code
PD
APN
626-0341-000
UPID
US92-3465613
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
-
Holiday Inn & Suites Milwaukee Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.87M
Owner & transaction history
Dev Management LLC · 7 yrs held
Dev Management LLC
since 2018
5 recorded transactions
Zoning & alternative use
PD · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,795,000
6.5%
$2,580,000
7%
$2,395,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,040,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$24 / 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
$184,863
Tax year 2022
Assessed value
$7,764,100
Assessed 2022
Previous assessed
$7,764,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,088,000
Assessed improvement
$6,676,100
Land market value
$1,088,000
Improvement market value
$6,676,100
Total market value
$7,764,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Heating
NONE
Stories
3
Units
130
Total area
76,900 SF
Lot
4.35 ac (189,573 SF)
Zoning code
PD
APN
626-0341-000
UPID
US92-3465613
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
HOTEL/MOTEL Current
Est. value
$2.0M
HOTEL/MOTEL Current
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
2000
Heating
NONE
Stories
3
Units
130
Lot
4.35 ac
Current owner
From public records · entity-resolved
Dev Management LLC
Entity
Mailing address
4050 S 71ST ST, MILWAUKEE, WI 53220-2304
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
—
Dev Management LLC
—
Deed
related
$550,000 · Commerce State Bank
Jul 17, 2018
$7,400,000
Dev Management LLC
Crefii Waramaug Milwaukee Airporrt
Special Warranty Deed
$432,000 · Commerce State Bank
Jun 25, 2014
$7,700,000
Crefii Waramaug Milwaukee Arpt
Nmg-milwaukee LLC
Grant Deed
$6,500,000 · Branch Bk&tr
Jul 12, 2004
$9,300,000
Nmg-milwaukee LLC
Milwaukee Airport Glh LLC
Warranty Deed
related
$7,875,000 · Miscellaneous Ins Co
—
—
Nmg-milwaukee LLC
—
Loan Modification
related
$7,650,000 · Miscellaneous Ins Co
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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