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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Apartment buildings
5940 Sherman Blvd Milwaukee, WI 53209
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0836373
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
49,131 SF
Lot
1.21 ac (52,620 SF)
Zoning code
RM2
APN
171-9797-110
UPID
US92-0836373
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.29M
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$6.40M
Owner & transaction history
Serrada Properties 28 LLC · 7 yrs held
Serrada Properties 28 LLC
since 2018
4 recorded transactions
Zoning & alternative use
RM2 · 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%
$7,890,000
6.5%
$7,285,000
7%
$6,765,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,405,000
Current use
RESTAURANT
$6,250,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,860,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±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
$130 / 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
$53,873
Tax year 2022
Assessed value
$2,262,600
Assessed 2022
Previous assessed
$2,262,600
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$165,000
Assessed improvement
$2,097,600
Land market value
$165,000
Improvement market value
$2,097,600
Total market value
$2,262,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Heating
YES
Cooling
YES
Stories
2
Units
66
Rooms
46
Bathrooms
66
Total area
49,131 SF
Lot
1.21 ac (52,620 SF)
Zoning code
RM2
APN
171-9797-110
UPID
US92-0836373
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM2 · Milwaukee, WI
Zoning RM2 · permitted uses
RM2 · 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) Current
Est. value
$6.4M
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Heating
YES
Cooling
Yes
Stories
2
Units
66
Rooms
46
Bathrooms
66
Lot
1.21 ac
Current owner
From public records · entity-resolved
Serrada Properties 28 LLC
Entity
Mailing address
PO BOX 241191, MILWAUKEE, WI 53224-9028
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Serrada Properties 28 LLC
Youseef Berrade
Warranty Deed
$7,200,000 · Symetra Life Insurance Co
Dec 20, 2017
$2,244,000
Yb Sherman Gardens LLC
Real Estate LP V Cascade
Grant Deed
$1,683,000 · Waterstone Bk Ssb
Dec 21, 2011
$2,400,000
Cascade Real Estate LP V
Metropolitan Associates
Warranty Deed
$1,750,000 · Bank Mutual
—
—
Cascade Real Estate LP V
—
Deed Of Trust
related
$1,676,550 · Equitable 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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