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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Investment properties
725 729th N Milwaukee St Milwaukee, WI 53202
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-3355204
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1881
Total area
15,708 SF
Lot
0.17 ac (7,200 SF)
Zoning code
C9F(C)
APN
392-0726-000
UPID
US92-3355204
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
-
Star Insurance Company of WI Insurance Agency
-
Wellness Water Filtration Systems Home Appliance Store Building Supply
-
Carbon Steak Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.35M
Owner & transaction history
Bell Super LLC · 5 yrs held
Bell Super LLC
since 2021
7 recorded transactions
Zoning & alternative use
C9F(C) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+40.2%
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%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,870,000
Change: +40% · Conversion: Moderate
RESTAURANT
$2,000,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,875,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±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
$149 / 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
$50,294
Tax year 2022
Assessed value
$2,112,300
Assessed 2022
Previous assessed
$2,112,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$540,000
Assessed improvement
$1,572,300
Land market value
$540,000
Improvement market value
$1,572,300
Total market value
$2,112,300
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
Off-Market
Year built
1881
Heating
NONE
Cooling
YES
Stories
3
Units
9
Total area
15,708 SF
Lot
0.17 ac (7,200 SF)
Zoning code
C9F(C)
APN
392-0726-000
UPID
US92-3355204
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(C) · Milwaukee, WI
Zoning C9F(C) · permitted uses
C9F(C) · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1881
Heating
NONE
Cooling
Yes
Stories
3
Units
9
Lot
0.17 ac
Current owner
From public records · entity-resolved
Bell Super LLC
Entity
Mailing address
PO BOX 2147, BROOKFIELD, WI 53008-2147
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
Bell Super LLC
—
Deed
related
$965,000 · Bank Five Nine
Dec 28, 2021
—
Bell Super LLC
—
Deed
related
$866,000 · Racine County Economic Development Corp
May 20, 2021
—
Bell Super LLC
Su Real Estate Group LP
Warranty Deed
$1,269,000 · Bank Five Nine
Nov 3, 2020
$2,400,000
Bell Super LLC
Su Real Estate Group LP
Grant Deed
—
Sep 17, 2014
—
Su Real Estate Group LP
Conroy Building LLC
Quit Claim Deed
related
—
Sep 17, 2014
$1,900,000
Su Real Estate Group LP
Conroy Building LLC
Warranty Deed
—
Mar 3, 2010
$872,000
Conroy Building LLC
Lance Lichter
Deed
—
Jan 28, 2008
—
Lichter,leo R Living Trust
Lichter Trust
Quit Claim Deed
related
—
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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