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    Property profile & analytics

    8041 Bluemound Rd, Unit 2 Milwaukee, WI 53213-3489

    • Apartment buildings
    • 61,940 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $15,185,000
    Last Sale
    Oct 31, 2022
    $14,250,000
    Location Intelligence
    Property ID
    US92-0442840
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Honey Creek Place Apartments / Apartment Building

    Property Details for 8041 Bluemound Rd

    Year built
    2018
    Lot size
    1.00 lot acres
    Property size
    61,940 SF
    Zone code
    RM5
    Property type
    Apartment buildings
    APN
    407-0952-000
    APU
    4070952000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $15,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $14,025,000
      6.5%
      $13,600,000
      7%
      $14,990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,460,000
      Geo Method
      $13,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $16,235,000
      Retail
      $13,550,000
      Mixed-Use
      $14,015,000
      Hospitality
      $16,385,000
      Educational
      $15,785,000
      Residential Income
      $12,910,000
      Energy
      $13,765,000
      Income-Based Land
      $13,815,000
      Food Service
      $12,855,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0137
    Latitude
    43.0353
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $292,691
    $279,000
    $12,082,400
    $12,361,400
    -
    $0.00
    $0.00
    $14,852,100

    Comparable in this City

    • Value Estimation
      $535,000
      10,368 SF

      314 75th St

      APARTMENT HOUSE (5+ UNITS) • 10,368 SF
      314 75th St, Milwaukee, WI 53213-3581
      View Details
    • Value Estimation
      $150,000
      4,194 SF

      117 125th N 60th St, Unit 125

      APARTMENT HOUSE (5+ UNITS) • 4,194 SF
      117 125th N 60th St, Milwaukee, WI 53213-4210
      View Details
    • Value Estimation
      $625,000
      10,368 SF

      414 75th St

      APARTMENT HOUSE (5+ UNITS) • 10,368 SF
      414 75th St, Milwaukee, WI 53213-3575
      View Details
    • Value Estimation
      $555,000
      10,368 SF

      334 75th St

      APARTMENT HOUSE (5+ UNITS) • 10,368 SF
      334 75th St, Milwaukee, WI 53213-3578
      View Details
    • Value Estimation by Request
      2,590 SF

      535 63Rd St

      Multifamily properties • 2,590 SF
      535 63Rd St, Wauwatosa, WI 53213
      View Details
    • Value Estimation
      $560,000
      10,368 SF

      234 75th St

      APARTMENT HOUSE (5+ UNITS) • 10,368 SF
      234 75th St, Milwaukee, WI 53213-3584
      View Details

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    Similar Nearby for Lease

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      Office suites in the heart of Wauwatosa's vibrant village.
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      Wauwatosa Office Space Available Now
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      Prime Wauwatosa Office Space Available
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      Updated 3,874 SF office space for rent.
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    • $16 SF/Yr
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      Office space in downtown Wauwatosa with high traffic.
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      View Details
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    8041 Bluemound Rd, Unit 2
    Milwaukee, WI 53213-3489
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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