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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Drug stores
7550 Perkins Pl, Milwaukee, WI 53216-1024
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0663674
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Total area
12,900 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LB1
APN
251-0008-100
UPID
US92-0663674
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.68M
Owner & transaction history
Agree Central LLC · 2 yrs held
Agree Central LLC
since 2023
2 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+101.3%
Restaurant
$1.6M
+63.6%
Auto repair, garage
$1.5M
+53.5%
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%
$2,255,000
6.5%
$2,080,000
7%
$1,935,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,020,000
Change: +101% · Conversion: Difficult
RESTAURANT
$1,640,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,540,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$1,330,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,200,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,120,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$1,020,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$130 / 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
$74,551
Tax year 2022
Assessed value
$3,131,100
Assessed 2022
Previous assessed
$3,131,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,202,800
Assessed improvement
$1,928,300
Land market value
$1,202,800
Improvement market value
$1,928,300
Total market value
$3,131,100
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,900 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LB1
APN
251-0008-100
UPID
US92-0663674
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB1 · Milwaukee, WI
Zoning LB1 · permitted uses
LB1 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2007
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Agree Central LLC
Entity
Free & Clear · 2 yrs held
Mailing address
32301 PO BOX 1610TH AVE, COCKEYSVILLE, MD 21030-7610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$3,150,000
Agree Central LLC
The Perkins Property Leasing Compan
Special Warranty Deed
—
—
—
Scp 2007-c27-549 LLC
—
Deed Of Trust
related
$2,721,711 · Wells Fargo Bk Northwest (tr)
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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