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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    703 5th St Milwaukee, WI 53204-1763

    • Residential income homes
    • 4,511 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1178599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walker's Point Mansion / Hotel & Motel / Vacation Rental

    Property Details for 703 5th St

    Year built
    1885
    Lot size
    0.16 lot acres
    Property size
    4,511 SF
    Zone code
    LB2
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    431-1069-000
    APU
    4311069000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $645,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $719,000
      Market price range: $250k - $720k
      AI Estimate
      $829,000
      Market price range: $247k - $843k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $485,000
      Current use
      RETAIL STORES
      $725,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $540,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $465,000
      Change: -5% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9173
    Latitude
    43.0241
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,429
    $5,400
    $269,900
    $275,300
    -
    $5,400
    $269,900
    $275,300

    Comparable in this City

    • Value Estimation
      $2,090,000
      13,920 SF

      1700 National Ave

      BOARDING/ROOMING HOUSE • 13,920 SF
      1700 National Ave, Milwaukee, WI 53204-1137
      View Details
    • Value Estimation by Request
      5,952 SF

      1728 Mineral St, Unit 1734

      BOARDING/ROOMING HOUSE • 5,952 SF
      1728 Mineral St, Milwaukee, WI 53204-2075
      View Details
    • Value Estimation
      $545,000
      3,653 SF

      822 Scott St

      BOARDING/ROOMING HOUSE • 3,653 SF
      822 Scott St, Milwaukee, WI 53204-2356
      View Details
    • Value Estimation by Request
      2,970 SF

      837 19th St

      BOARDING/ROOMING HOUSE • 2,970 SF
      837 19th St, Milwaukee, WI 53204-1185
      View Details
    • Value Estimation
      $2,005,000
      12,276 SF

      1515 National Ave

      BOARDING/ROOMING HOUSE • 12,276 SF
      1515 National Ave, Milwaukee, WI 53204-2141
      View Details
    • Value Estimation by Request
      2,328 SF

      1302 11th St

      BOARDING/ROOMING HOUSE • 2,328 SF
      1302 11th St, Milwaukee, WI 53204-2817
      View Details

    Similar Nearby for Sale

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      Milwaukee 8-Unit Brick Building

      Excellent Clarke Square investment opportunity. Eight 1-bedroom units, value-add potential.
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    • New
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      Solid Brick Duplex in Milwaukee

      Two-unit property with strong rental potential for investors or owner-occupants.
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    • $145,000
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      Income-Generating Duplex in Milwaukee

      Fully occupied duplex with recent updates, ideal for investors.
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      View Details
    • $82,500
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      Milwaukee Two-Unit Investment Property

      Investor-ready duplex with long-term tenants in prime Milwaukee location.
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    • Contact for pricing
      47,000 SF

      647 Virginia St

      Multifamily properties • 47,000 SF
      647 Virginia St, Milwaukee, WI 53204
      View Details
    • $279,900
      0.09 Acres

      Updated Duplex in Milwaukee

      Updated duplex with spacious units and modern amenities in Milwaukee.
      1321 S 22Nd St, Milwaukee, WI 53204
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      84,000 SF

      Eagleknit Building: Creative Office Space

      Milwaukee Creative Office, 84,000 SF Available
      507 2Nd St, Milwaukee, WI 53204
      View Details
    • $19 SF/Yr
      1,300 SF

      Walker's Point Retail Space Available

      Prime location near restaurants, stores, and high-density area.
      1023-1027 S 5Th St, Milwaukee, WI 53204
      View Details
    • $16 SF/Yr
      3,091 SF

      Historic Brick & Beam Office

      Seven-story brick and beam office building with modern amenities.
      600 W Virginia St, Milwaukee, WI 53204
      View Details
    • $22 SF/Yr
      48,000 SF

      Downtown Milwaukee Retail Space

      Modern Retail, 2,120 SF Available
      211 Mineral St, Milwaukee, WI 53204
      View Details
    • $5 SF/Yr
      43,225 SF

      Walker's Point Industrial Warehouse

      Spacious Milwaukee warehouse, 43,225 SF.
      530 5Th St, Milwaukee, WI 53204
      View Details
    • $23 SF/Yr
      101,365 SF

      Florida Street Office Suites

      Walker's Point Executive Offices Available
      234 Florida St, Milwaukee, WI 53204
      View Details
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    703 5th St
    Milwaukee, WI 53204-1763
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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