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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
6032 Lisbon Ave 6040 Milwaukee, WI 53210-2114
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-1246404
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1954
Total area
12,200 SF
Lot
0.22 ac (9,460 SF)
Zoning code
LB2
APN
305-1332-000
UPID
US92-1246404
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
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.22M
Owner & transaction history
Tora LLC · 6 yrs held
Tora LLC
since 2019
6 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+78.0%
Restaurant
$1.6M
+60.5%
Auto repair, garage
$1.5M
+50.6%
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
OFFICE BUILDING
$965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +78% · Conversion: Easy
RESTAURANT
$1,550,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,455,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$1,255,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$100 / 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
$11,450
Tax year 2022
Assessed value
$480,900
Assessed 2022
Previous assessed
$480,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$28,400
Assessed improvement
$452,500
Land market value
$28,400
Improvement market value
$452,500
Total market value
$480,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1954
Heating
YES
Cooling
YES
Stories
2
Units
11
Total area
12,200 SF
Lot
0.22 ac (9,460 SF)
Zoning code
LB2
APN
305-1332-000
UPID
US92-1246404
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
OFFICE BUILDING Current
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1954
Heating
YES
Cooling
Yes
Stories
2
Units
11
Lot
0.22 ac
Current owner
From public records · entity-resolved
Tora LLC
Entity
Mailing address
171 WASHINGTON AVE, KINGSTON, NY 12401-4829
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Capri Capital Property LLC
—
Deed
related
$582,000 · Waterstone Bank Ssb
Aug 12, 2019
$494,000
Tora LLC
Glendale Ten LLC
Warranty Deed
$395,000 · Us Bank NA
Feb 2, 2004
$20,000
Dragotta,theodore F
Daniel Wergin
Quit Claim Deed
related
—
Feb 2, 2004
$118,000
Dragotta,theodore F
River Central LLP
Quit Claim Deed
related
—
Feb 2, 2004
$365,000
Glendale Ten LLC
Theodore F Dragotta
Warranty Deed
$295,000 · Mitchell Bk
—
—
Glendale Ten LLC
—
Deed Of Trust
related
$442,308 · Cornerstone Cmnty 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.
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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