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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Office buildings
814 Plankinton Ave 820 Milwaukee, WI 53203-1802
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0591776
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1871
Total area
24,000 SF
Lot
0.17 ac (7,440 SF)
Zoning code
C9E
APN
361-0633-000
UPID
US92-0591776
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.99M
Owner & transaction history
820 Plankinton LLC · 5 yrs held
820 Plankinton LLC
since 2020
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
C9E · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+60.5%
Auto repair, garage
$2.9M
+50.6%
Retail stores
$2.6M
+35.8%
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
$1,875,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,900,000
Current use
RESTAURANT
$3,050,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,865,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$2,585,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$2,470,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,235,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,080,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.90M (Sep 15 2020)
Last sale anchor
$1.90M
Sep 15 2020
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
$83 / 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
$38,639
Tax year 2022
Assessed value
$1,622,800
Assessed 2022
Previous assessed
$1,622,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$372,000
Assessed improvement
$1,250,800
Land market value
$372,000
Improvement market value
$1,250,800
Total market value
$1,622,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1871
Heating
YES
Cooling
YES
Stories
4
Units
5
Total area
24,000 SF
Lot
0.17 ac (7,440 SF)
Zoning code
C9E
APN
361-0633-000
UPID
US92-0591776
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1871
Heating
YES
Cooling
Yes
Stories
4
Units
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
820 Plankinton LLC
Entity
Mailing address
826 N PLANKINTON AVE, MILWAUKEE, WI 53203-1832
Ownership since
2020
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 15, 2020
$1,900,000
820 Plankinton LLC
Bartels Limited Partnersghip
Special Warranty Deed
$915,000 · Summit Cu
—
—
Bartels LP
—
Deed Of Trust
related
$850,000 · Tri Cty Nat'l Bk
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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