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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Residential income homes
8923 Monrovia Ave Milwaukee, WI 53225-1879
Entity Owned
5-yr Hold
Property ID
US92-0298873
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1959
Construction
FRAME
Total area
3,391 SF
Lot
0.22 ac (9,800 SF)
Zoning code
RM1
APN
152-0411-000
UPID
US92-0298873
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
$5.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
Berrada Properties 50 LLC · 5 yrs held
Berrada Properties 50 LLC
since 2020
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
RM1 · 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
$5,565,000
ML approach
$5,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±10% · vs last sale $4.94M (Aug 24 2020)
Last sale anchor
$4.94M
Aug 24 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
$1,551 / 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
$4,762
Tax year 2022
Assessed value
$200,000
Assessed 2022
Previous assessed
$200,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$18,000
Assessed improvement
$182,000
Land market value
$18,000
Improvement market value
$182,000
Total market value
$200,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1959
Construction
FRAME
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
1
Total area
3,391 SF
Lot
0.22 ac (9,800 SF)
Zoning code
RM1
APN
152-0411-000
UPID
US92-0298873
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM1 · Milwaukee, WI
Zoning RM1 · permitted uses
RM1 · 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
1959
Construction
FRAME
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Berrada Properties 50 LLC
Entity
Mailing address
10136 W FOND DU LAC AVE, MILWAUKEE, WI 53224-5191
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$4,938,500
Berrada Properties 50 LLC
Dak Properties Xiv LLC
Special Warranty Deed
$805,000 · Old National Bank
Mar 12, 2012
—
Dak Properties Xiv LLC
—
Grant Deed
related
$3,075,000 · Tcf Nat'l Bk
May 12, 2011
—
Dak Properties Xiv LLC
David L Erlandson
Quit Claim Deed
related
—
May 11, 2011
—
Erlandson,david L
V Kathryn Erlandson
Quit Claim Deed
related
—
Jan 25, 2007
—
David L Erlandson
Sidney S Meyers
Deed
—
—
—
Dak Properties Xiv LLC
—
Deed Of Trust
related
$2,905,000 · Anchorbank Fsb
—
—
Dak Properties Xiv LLC
—
Deed Of Trust
related
$1,074,395 · Landmark Cu
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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