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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
683 Hawley Rd, Milwaukee, WI 53214-1948
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US92-3463893
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
5,000 SF
Lot
0.38 ac (16,423 SF)
Zoning code
LB1
APN
421-9942-120
UPID
US92-3463893
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
-
Hawley Food Mart Grocery & Convenience Store
-
One Stop Pantry Grocery & Convenience Store
-
J and A Appliances LLC Home Appliance Store Hardware & Home Improvement
-
Battle Brothers Miniature Wargaming Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$570k
Owner & transaction history
Rsr Real Estate LLC · 13 yrs held
Rsr Real Estate LLC
since 2012
7 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$845,000
+82.1%
Restaurant
$635,000
+36.7%
Auto repair, garage
$595,000
+28.2%
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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Current use
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +82% · Conversion: Difficult
RESTAURANT
$635,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$515,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$435,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$395,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$114 / 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
$12,288
Tax year 2022
Assessed value
$516,100
Assessed 2022
Previous assessed
$516,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$37,000
Assessed improvement
$479,100
Land market value
$37,000
Improvement market value
$479,100
Total market value
$516,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
5,000 SF
Lot
0.38 ac (16,423 SF)
Zoning code
LB1
APN
421-9942-120
UPID
US92-3463893
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$465,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
RESTAURANT
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RETAIL STORES
Est. value
$540,000
MEDICAL BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$435,000
OFFICE BUILDING
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1975
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Rsr Real Estate LLC
Entity
Mailing address
683 S HAWLEY RD, MILWAUKEE, WI 53214-1948
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2020
—
Rsr Real Estate LLC
—
Deed
related
$304,688 · State Bk/chilton
Nov 26, 2012
$406,000
Rsr Real Estate LLC
Securant Bk & Trust
Grant Deed
$250,000 · State Bk/chilton
Oct 17, 2012
$406,000
Securant Bk & Trust
Inspector Of Milwaukee County
Foreclosure
related
—
Sep 15, 2009
$610,000
Sai Ram Real Estate Hawley LLC
Singh Dwarika
Quit Claim Deed
related
$425,000 · Securant Bk&tr
Mar 6, 2006
$550,000
Singh Dwarika
S & R Of Wisconsin LLC
Warranty Deed
$450,000 · Lincoln State Bank
—
—
Rsr Real Estate LLC
—
Deed Of Trust
related
$304,688 · State Bk/chilton
—
—
Rsr Real Estate LLC
—
Deed Of Trust
related
—
—
—
Rsr Real Estate LLC
—
Deed Of Trust
related
—
—
—
Singh,dwarika & Sadhana K
—
Deed Of Trust
related
$225,000 · Trivision Marketing Group LLC
—
—
Singh,dwarika & Sadhana K
—
Deed Of Trust
related
$250,000 · Trivision Marketing Group LLC
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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