723 2nd St Milwaukee, WI 53204-1804
Entity Owned
2-yr Hold
Free & Clear
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID
US92-0322858
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
3,472 SF
Lot
0.1 ac (4,177 SF)
Zoning code
IM
APN
431-0705-111
UPID
US92-0322858
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
since 2024
Last sale
$385,000
3 recorded transactions
Zoning & alternative use
IM · Milwaukee, WI
Zoning description
Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$385k
Value range
$347k – $424k
±10% around blend
Estimated value / SF
$111 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$347k
blend $385k
$424k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,472 SF
Lot area
0.1 ac
Year built
1890
Stories
2
APN
431-0705-111
Assessed value
$527,200
Annual tax
$12,553
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$246k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 4,294 SF
1.7 mi away · 2,541 SF
1.7 mi away · 2,882 SF
1.9 mi away · 2,490 SF
2.0 mi away · 3,580 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$385k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 73 sales
$62
+79%
Submarket 675 sales
$87
+28%
County 740 sales
$89
+24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$385k
Move the market yield to see immediate price impact.
Value / SF
$111
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$24k
$485k
$346k
$270k
$27k
$539k
$385k
$299k
$30k
$593k
$423k
$329k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$100k
1.5 mi · Dec 2025 · $31/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,553
Tax year 2022
Assessed value
$527,200
Assessed 2022
Previous assessed
$527,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$33,600
Assessed improvement
$493,600
Land market value
$33,600
Improvement market value
$493,600
Total market value
$527,200
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Heating
YES
Stories
2
Units
4
Total area
3,472 SF
Lot
0.1 ac (4,177 SF)
Zoning code
IM
APN
431-0705-111
UPID
US92-0322858
Jurisdiction
MILWAUKEE
Zoning & alternative use
IM · Milwaukee, WIZoning IM · permitted uses
IM · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1890
Heating
YES
Stories
2
Units
4
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IM
INDUSTRIAL
Jurisdiction
Milwaukee, WI
Recorded code
IM
Official district
IM
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IM in Milwaukee, WI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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