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Property profile & analytics
FOR LEASE
Retail space
6015 W Forest Home Ave Milwaukee, WI 53220
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0619188
For Lease
1 / 2
$10 SF/Yr
6015 W Forest Home Ave, Milwaukee, WI 53220
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
6,218 SF
Lot
0.62 ac (27,206 SF)
Zoning code
LB1
APN
557-1603-000
UPID
US92-0619188
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
-
American Family Insurance Insurance Agency
-
Old Grove Maytag Coin Laundry (Bike/Boat/Book/etc) Store
-
Pretty Pooches Pet Grooming Service
-
PDL Inc Trucking Company
-
AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.25M
Owner & transaction history
State Of Wisconsin · 1 yrs held
State Of Wisconsin
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+81.5%
Commercial (general)
$1.2M
+73.4%
Restaurant
$790,000
+18.2%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,005,000
7%
$930,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,160,000
Change: +73% · Conversion: Easy
RESTAURANT
$790,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Jul 26 2024)
Last sale anchor
$1.25M
Jul 26 2024
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
$201 / 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
$22,536
Tax year 2022
Assessed value
$946,500
Assessed 2022
Previous assessed
$946,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$214,200
Assessed improvement
$732,300
Land market value
$214,200
Improvement market value
$732,300
Total market value
$946,500
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
For Lease
Year built
2004
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
6,218 SF
Lot
0.62 ac (27,206 SF)
Zoning code
LB1
APN
557-1603-000
UPID
US92-0619188
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
State Of Wisconsin
Individual
Mailing address
30765 NW PACIFIC COAST HWY #533, MALIBU, CA 90265-3646
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
State Of Wisconsin
Wisconsin Electric Power Company
Quit Claim Deed
related
—
Nov 21, 2023
$1,250,000
Pfm Ym LLC
Pompano By The Sea LLC
Special Warranty Deed
—
Mar 20, 2023
—
Wisconsin Department Of Transportat
Pompano By The Sea LLC
Warranty Deed
—
Nov 6, 2013
$925,000
Pompano By The Sea LLC
Mf Lake Zurich LLC
Grant Deed
—
Jan 15, 2010
—
Nl Lake Zurich LLC
—
Trustees Deed
related
—
Jan 19, 2009
—
Nl Lake Zurich LLC
—
Trustees Deed
related
—
Nov 16, 1998
$510,000
Elk III LLC
Urbanek,august
Warranty Deed
related
$1,198,000 · St Francis Bk Fsb
—
—
Nl Lake Zurich LLC
—
Loan Modification
related
—
—
—
Nl Lake Zurich LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Nl Lake Zurich LLC
—
Loan Modification
related
$500,000 · First Equity Bk
—
—
Nl Lake Zurich LLC
—
Loan Modification
related
—
—
—
Nl Lake Zurich LLC
—
Loan Modification
related
—
—
—
Pompano By The Sea LLC
—
Deed Of Trust
related
$647,500 · Bank Of Hemet
—
—
Nl Lake Zurich LLC
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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