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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
6300 Bluemound Rd Milwaukee, WI 53213-4147
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0713305
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1954
Total area
5,150 SF
Lot
0.16 ac (7,167 SF)
Zoning code
LB2
APN
384-0185-000
UPID
US92-0713305
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
-
Wicht Dennis H Law Firm
-
Empire Home Remodeling Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$550k
Owner & transaction history
Empire Holdings Group LLC · 3 yrs held
Empire Holdings Group LLC
since 2022
Last sale
$490,000
2 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$875,000
+113.9%
Restaurant
$655,000
+60.5%
Auto repair, garage
$615,000
+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
$595,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Current use
APARTMENT HOUSE (5+ UNITS)
$875,000
Change: +114% · Conversion: Easy
RESTAURANT
$655,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$530,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$480,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $490k (Dec 16 2022)
Last sale anchor
$490k
Dec 16 2022
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
$107 / 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
$8,741
Tax year 2022
Assessed value
$924,000
Assessed 2022
Previous assessed
$924,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$26,900
Assessed improvement
$897,100
Land market value
$26,900
Improvement market value
$897,100
Total market value
$924,000
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
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
5,150 SF
Lot
0.16 ac (7,167 SF)
Zoning code
LB2
APN
384-0185-000
UPID
US92-0713305
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
$410,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$875,000
RESTAURANT
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$555,000
MEDICAL BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Empire Holdings Group LLC
Entity
Mailing address
6300 S BLUEMOUND RD, MILWAUKEE, WI 53213
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$490,000
Empire Holdings Group LLC
Ggw Building LLC
Warranty Deed
$396,000 · State Bank Of Chilton
Apr 9, 2020
—
Blazek Thomas F 2020 Trust Of
Thomas F Blazek
Quit Claim Deed
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.
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