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Property profile & analytics
OFF-MARKET
Estimated value
$6,785,000
Apartment buildings
7135 Silver Spg Dr, Milwaukee, WI 53218-2942
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-1301789
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
47,021 SF
Lot
1.69 ac (73,704 SF)
Zoning code
RM2
APN
188-0001-100
UPID
US92-1301789
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
$6.88M
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$6.79M
Owner & transaction history
Spring Court Apartments LLC · 11 yrs held
Spring Court Apartments LLC
since 2014
7 recorded transactions
Zoning & alternative use
RM2 · 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%
$7,455,000
6.5%
$6,880,000
7%
$6,390,000
Blend value · Realmo final
$6.79M
Range $6.11M – $7.46M · ±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
$144 / 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
$60,911
Tax year 2022
Assessed value
$2,558,200
Assessed 2022
Previous assessed
$2,558,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$155,000
Assessed improvement
$2,403,200
Land market value
$155,000
Improvement market value
$2,403,200
Total market value
$2,558,200
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
1961
Heating
YES
Stories
2
Units
62
Rooms
48
Bathrooms
62
Total area
47,021 SF
Lot
1.69 ac (73,704 SF)
Zoning code
RM2
APN
188-0001-100
UPID
US92-1301789
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM2 · Milwaukee, WI
Zoning RM2 · permitted uses
RM2 · 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
1961
Heating
YES
Stories
2
Units
62
Rooms
48
Bathrooms
62
Lot
1.69 ac
Current owner
From public records · entity-resolved
Spring Court Apartments LLC
Entity
Mailing address
PO BOX 241191, MILWAUKEE, WI 53224-9028
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 5, 2014
$3,145,000
Spring Court Apartments LLC
Bruckner Real Estate 1 LLC
Special Warranty Deed
$2,916,500 · Waterstone Bank Ssb
May 22, 2013
—
Bruckner Real Estate 1 LLC
Daniel W Bruckner
Quit Claim Deed
related
—
Dec 30, 2011
—
Bruckner,daniel W
7135 LLC
Quit Claim Deed
related
—
Oct 9, 2007
—
7135 LLC
Daniel W Bruckner
Quit Claim Deed
related
—
—
—
8910 Michele Street LLC
—
Deed Of Trust
related
$6,430,000 · Associated Bk
—
—
Spring Court Apartments LLC
—
Deed Of Trust
related
$5,600,000 · Miscellaneous Ins Co
—
—
Spring Court Apartments LLC
—
Deed Of Trust
related
$5,600,000 · Miscellaneous Ins Co
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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