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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Individual retail properties
8510 Lisbon Ave Milwaukee, WI 53222-3729
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US92-3334617
Property profile
Verified
Property type
Individual retail properties
Use group
LIQUOR STORE
Year built
1951
Total area
6,823 SF
Lot
0.22 ac (9,600 SF)
Zoning code
LB2
APN
262-0411-000
UPID
US92-3334617
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
-
Lisbon Beer & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$935k
Owner & transaction history
Roop Properties LLC · 17 yrs held
Roop Properties LLC
since 2008
4 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+103.0%
Restaurant
$870,000
+18.2%
Auto repair, garage
$815,000
+10.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,490,000
Change: +103% · Conversion: Difficult
RESTAURANT
$870,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$620,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$137 / 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
$10,788
Tax year 2022
Assessed value
$453,100
Assessed 2022
Previous assessed
$453,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$33,600
Assessed improvement
$419,500
Land market value
$33,600
Improvement market value
$419,500
Total market value
$453,100
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
Individual retail properties
Use group
LIQUOR STORE
Status
Off-Market
Year built
1951
Heating
NONE
Cooling
YES
Stories
2
Units
2
Total area
6,823 SF
Lot
0.22 ac (9,600 SF)
Zoning code
LB2
APN
262-0411-000
UPID
US92-3334617
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
RETAIL STORES Current
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$620,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1951
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Roop Properties LLC
Entity
Mailing address
8510 W LISBON AVE, MILWAUKEE, WI 53222-3729
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2008
$425,000
Roop Properties LLC
Singh Hakam
Warranty Deed
$490,000 · North Milwaukee State Bank
Mar 1, 2006
$350,000
Singh Hakam
Steven C Hall
Warranty Deed
$319,000 · North Milwaukee State Bank
—
—
Roop Properties LLC
—
Deed Of Trust
related
$320,000 · Us Bk
—
—
Roop Properties LLC
—
Deed Of Trust
related
$58,000 · Us 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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