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Property profile & analytics
OFF-MARKET
Estimated value
$11,180,000
Hotels
710 Martin L King Jr Dr, Milwaukee, WI 53203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1992573
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Total area
60,891 SF
Lot
0.23 ac (10,100 SF)
Zoning code
C9E
APN
361-0663-100
UPID
US92-1992573
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
$9.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.18M
Owner & transaction history
Pdof Psof Milwaukee LLC · 3 yrs held
Pdof Psof Milwaukee LLC
since 2022
Last sale
$10.9M
7 recorded transactions
Zoning & alternative use
C9E · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.8M
+380.0%
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
$13,205,000
ML approach
$9,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,760,000
Change: +380% · Conversion: Difficult
Blend value · Realmo final
$11.18M
Range $10.06M – $12.30M · ±10% · vs last sale $10.91M (Sep 6 2022)
Last sale anchor
$10.91M
Sep 6 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
$184 / 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
$204,187
Tax year 2022
Assessed value
$8,575,700
Assessed 2022
Previous assessed
$8,575,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$757,500
Assessed improvement
$7,818,200
Land market value
$757,500
Improvement market value
$7,818,200
Total market value
$8,575,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1924
Heating
NONE
Cooling
YES
Stories
12
Units
104
Total area
60,891 SF
Lot
0.23 ac (10,100 SF)
Zoning code
C9E
APN
361-0663-100
UPID
US92-1992573
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
AUTO REPAIR, GARAGE
Est. value
$7.8M
AUTO REPAIR, GARAGE
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
1924
Heating
NONE
Cooling
Yes
Stories
12
Units
104
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pdof Psof Milwaukee LLC
Entity
Mailing address
3500 LENOX RD NE STE 625TH ATLANTA
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Pdof Psof Milwaukee LLC
—
Deed
related
$8,820,000 · Minnwest Bank
Sep 6, 2022
$8,500,000
Pdof Psof Milwaukee LLC
Seal Milwaukee LLC
Sheriffs Deed
related
—
Apr 1, 2019
—
Ssc Milwaukee Dt LLC
Milwaukee Hotel Equity LLC
Deed In Lieu Of Foreclosure
related
—
Nov 11, 2016
$10,912,500
Seal Milwaukee LLC
Mhf Milwaukee III LLC
Special Warranty Deed
$10,560,000 · Citigroup Global Markets Realty Cor
Aug 10, 2016
—
Mhf Milwaukee III LLC
—
Deed
related
—
Jun 17, 2016
—
Mhf Milwaukee III LLC
—
Deed
related
$17,500,000 · Bank Of America
—
—
Hotel Investment Prop Ptrs LLC
—
Loan Modification
related
$100,000 · Park Bk
—
—
Mhf Milwaukee III LLC
—
Loan Modification
related
—
—
—
Mhf Milwaukee III LLC
—
Deed Of Trust
related
$17,500,000 · Bank Of America
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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