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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Grocery and convenience stores
8340 Appleton Ave Milwaukee, WI 53218-0029
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-0526122
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Total area
61,924 SF
Lot
4.99 ac (217,539 SF)
Zoning code
LB1
APN
213-1001-000
UPID
US92-0526122
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
-
55 Gallon Drums Milwaukee Big Box & Wholesale Store Factory
-
Creative Results Real Estate Agency
-
Pacific Produce (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Pho 414 hot food & deli LLC Restaurant
-
Hmong Town Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$2.92M
Owner & transaction history
Wisconsin Department Of Transportat · 1 yrs held
Wisconsin Department Of Transportat
since 2024
Last sale
$500
5 recorded transactions
Zoning & alternative use
LB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $500 (Aug 27 2024)
Last sale anchor
$500
Aug 27 2024
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
$47 / 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
$36,172
Tax year 2022
Assessed value
$1,519,200
Assessed 2022
Previous assessed
$1,519,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$500,300
Assessed improvement
$1,018,900
Land market value
$500,300
Improvement market value
$1,018,900
Total market value
$1,519,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
61,924 SF
Lot
4.99 ac (217,539 SF)
Zoning code
LB1
APN
213-1001-000
UPID
US92-0526122
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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
Wisconsin Department Of Transportat
Entity
Free & Clear · 1 yrs held
Mailing address
8340 W APPLETON AVE MILWAUKEE
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Wisconsin Department Of Transportat
Hmong Towmn Market LLC
Deed
related
—
Aug 27, 2024
$500
State Of Wisconsin
Hmong Town Market LLC
Warranty Deed
—
Feb 10, 2023
$1,750,000
Hmong Town Market LLC
Viet HOA Appleton LLC
Warranty Deed
$1,450,000 · Viet Apleton LLC
Mar 7, 2013
$1,500,000
Viet HOA Appleton LLC
Nw Kohls Market LLC
Limited Warranty Deed
$1,200,000 · First National Bank & Trust Co
Feb 24, 2011
—
Nw-kohls Market LLC
Appleton & Grantosa LLC
Warranty Deed
—
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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