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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Apartment buildings
6303 Carmen Ave 6333, Milwaukee, WI 53218-2351
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-1101329
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
19,540 SF
Lot
1.2 ac (52,403 SF)
Zoning code
RM1
APN
174-1401-000
UPID
US92-1101329
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
$2.86M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.72M
Owner & transaction history
Berrada Properties 7 LLC · 12 yrs held
Berrada Properties 7 LLC
since 2014
7 recorded transactions
Zoning & alternative use
RM1 · 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%
$3,100,000
6.5%
$2,860,000
7%
$2,655,000
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±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
$139 / 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
$23,867
Tax year 2022
Assessed value
$1,002,400
Assessed 2022
Previous assessed
$1,002,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$60,000
Assessed improvement
$942,400
Land market value
$60,000
Improvement market value
$942,400
Total market value
$1,002,400
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
1962
Heating
YES
Stories
2
Units
24
Rooms
96
Bathrooms
27
Total area
19,540 SF
Lot
1.2 ac (52,403 SF)
Zoning code
RM1
APN
174-1401-000
UPID
US92-1101329
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM1 · Milwaukee, WI
Zoning RM1 · permitted uses
RM1 · 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.
Building & site characteristics
From public records
Year built
1962
Heating
YES
Stories
2
Units
24
Rooms
96
Bathrooms
27
Lot
1.2 ac
Current owner
From public records · entity-resolved
Berrada Properties 7 LLC
Entity
Mailing address
PO BOX 241191, MILWAUKEE, WI 53224-9028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Berrada Properties 7 LLC
—
Grant Deed
related
$15,377,000 · Associated Bk
Mar 27, 2014
—
Berrada Properties 7 LLC
Youssef Berrada
Quit Claim Deed
related
$7,050,000 · Everbank
Feb 26, 2013
—
Berrada Properties 2 LLC
—
Grant Deed
related
$3,300,000 · Associated Bk
Feb 3, 2010
$1,527,500
Berrada Properties 2 LLC
Carmen Court Apartments LLC
Warranty Deed
$2,500,000 · Waterstone Bank Ssb
Jul 16, 1998
$1,250,000
Carmen Court Apartments
Koeckritz,george
Warranty Deed
related
$1,250,000 · Bank One/youngstown
—
—
Berrada Properties 2 LLC
—
Deed Of Trust
related
$1,532,853 · Anchorbank Fsb
—
—
Berrada Properties 2 LLC
—
Deed Of Trust
related
$1,532,853 · Anchorbank Fsb
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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