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Property profile & analytics
FOR SALE
Investment properties
719 S 5Th St, Milwaukee, WI 53204
Individually Owned
13-yr Hold
Property ID
US92-0121308
For Sale
1 / 15
$780,000
719 S 5Th St, Milwaukee, WI 53204
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
4,620 SF
Lot
0.08 ac (3,360 SF)
Zoning code
LB2
APN
431-1073-000
UPID
US92-0121308
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
-
Folia Hair Salon
-
Botanica Galactica Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dieter Wegner III · 13 yrs held
Dieter Wegner III
since 2013
7 recorded transactions
Zoning & alternative use
LB2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,601
Tax year 2023
Assessed value
$362,300
Assessed 2023
Previous assessed
$362,300
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$26,900
Assessed improvement
$335,400
Total market value
$435,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1890
Heating
YES
Stories
2
Units
3
Total area
4,620 SF
Lot
0.08 ac (3,360 SF)
Zoning code
LB2
APN
431-1073-000
UPID
US92-0121308
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
1890
Heating
YES
Stories
2
Units
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dieter Wegner III
Individual
Mailing address
1606 E BEVERLY RD, SHOREWOOD, WI 53211-2205
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
Dieter Wagner
—
Deed
related
$340,000 · First Federal Bank Of Wisconsin
Nov 7, 2019
—
Wegner Dieter III
—
Deed
related
$100,000 · First Fed'l Bk/wi
Apr 8, 2013
$82,500
Dieter Wegner III
Waterstone Bank Fsb
Quit Claim Deed
related
$86,000 · Tri City National Bank
Jan 11, 2013
$85,000
Waterstone Bk Ssb
Inspector Of Milwaukee County
Foreclosure
related
—
Sep 11, 2008
—
Velasquez,angel
Joaquin Altoro
Quit Claim Deed
related
—
Sep 11, 2008
$352,000
719 S 5th St LLC
Angel Velasquez
Quit Claim Deed
related
—
Apr 6, 2006
$352,000
Angel Velazquez
Mcarthur Love
Warranty Deed
$281,600 · Wauwatosa Savings Bank
Oct 13, 2004
$240,000
Love,mcarthur & Karen
Stephen W Kaniewski
Warranty Deed
$168,000 · Interbay Fndg
—
—
Wegner Dieter III
—
Deed Of Trust
related
$140,000 · Tri Cty Nat'l Bk
—
—
Wegner Dieter III
—
Deed Of Trust
related
$100,000 · First Fed'l Bk/wi
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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