Property profile

744 Vel R Phillips Ave 754 Milwaukee, WI 53203

OFF-MARKET
Hotels
Property ID
US92-2772521
122,440 SF 0.7 ac lot Built 1907
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1907
Total area 122,440 SF
Lot 0.7 ac (30,453 SF)
Zoning code C9F(A)
APN 392-2961-000
UPID US92-2772521

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

744 Vel R Phillips Ave, Unit 754 Milwaukee, WI 53203-2102
Milwaukee metro Census 186300 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.11M
Comparable Approach Comparable
$4.40M
Blend (final) Blend
$4.26M

Owner & transaction history

Zoning & alternative use

C9F(A) · Milwaukee, WI
Zoning description

The C9F(A) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $5.3M +63.7%
Apartment house (5+ units) $5.2M +58.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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