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Property profile & analytics
OFF-MARKET Estimated value $855,000
Auto shops

7623 Hampton Ave Milwaukee, WI 53218-4702

6,570 SF 0.28 ac lot Built 1962
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US92-1059547
Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1962
Total area 6,570 SF
Lot 0.28 ac (12,000 SF)
Zoning code LB2
APN 224-9997-200
UPID US92-1059547
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
  • Velocity Auto Repair Auto Repair Shop
  • Velasquez Complete Auto Care Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$808k
Blend (final) Blend
$855k
Owner & transaction history
Ground Control Properties LLC · 8 yrs held
Ground Control Properties LLC
since 2018
3 recorded transactions
2018
$700,000
2008
$450,000
2004
$195,000
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
Top alternative use upside
Apartment house (5+ units) $1.1M +45.1%
Restaurant $835,000 +6.6%
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