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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
700 Wisconsin Ave 738 Milwaukee, WI 53233-2434
Entity Owned
12-yr Hold
Absentee Owner
Property ID
US92-2020858
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
7,284 SF
Lot
0.16 ac (7,024 SF)
Zoning code
C9F(A)
APN
361-2182-000
UPID
US92-2020858
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
-
David Tasse Productions Milwaukee Theater & Performing Art Venue Music Venue
-
Fil-Fil Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$890k
Owner & transaction history
Library Hill LLC · 12 yrs held
Library Hill LLC
since 2013
6 recorded transactions
Zoning & alternative use
C9F(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities
Zone name
Office And Service
General category
COMMERCIAL
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.3M
+62.2%
Restaurant
$925,000
+18.2%
Auto repair, garage
$870,000
+10.8%
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%
$1,275,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Change: +62% · Conversion: Difficult
RESTAURANT
$925,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$630,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$122 / 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
$17,331
Tax year 2022
Assessed value
$780,400
Assessed 2022
Previous assessed
$780,400
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$281,000
Assessed improvement
$499,400
Land market value
$281,000
Improvement market value
$499,400
Total market value
$780,400
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
Off-Market
Year built
1999
Heating
NONE
Stories
3
Units
3
Total area
7,284 SF
Lot
0.16 ac (7,024 SF)
Zoning code
C9F(A)
APN
361-2182-000
UPID
US92-2020858
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(A) · Milwaukee, WIZoning C9F(A) · permitted uses
C9F(A) · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities
Zone name
Office And Service
General category
COMMERCIAL
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RESTAURANT
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Stories
3
Units
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Library Hill LLC
Entity
Mailing address
330 E KILBOURN AVE STE 600S, MILWAUKEE, WI 53202-3170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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 6, 2013
$48,636
Library Hill LLC
Milwaukee Urban Strategic Inv
Quit Claim Deed
related
—
Jul 22, 2013
$16,212,000
Library Hill LLC
Milwaukee Urban Strategic Inv
Quit Claim Deed
related
—
Jan 19, 2009
—
Partnership To Develop Westown
—
Grant Deed
related
$13,140,028 · Privatebank & Tr
—
—
Library Hill LLC
—
Loan Modification
related
—
—
—
Partnership To Develop Westown
—
Deed Of Trust
related
$13,140,028 · Privatebank & Tr
—
—
Library Hill LLC
—
Deed Of Trust
related
$11,593,000 · W&d Interim Lender II 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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