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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Bars & Pubs
906 Barclay St Milwaukee, WI 53204-1836
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0615983
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1925
Total area
13,261 SF
Lot
1.03 ac (44,823 SF)
Zoning code
IH
APN
431-0975-100
UPID
US92-0615983
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
-
The Ivy House Hotel & Motel Resort
-
Milwaukee Airwaves Nightclub Music Venue
-
FERNWEH Patio Bar Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.72M
Owner & transaction history
Ivy House LLC · 7 yrs held
Ivy House LLC
since 2019
7 recorded transactions
Zoning & alternative use
IH · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+64.0%
Auto repair, garage
$1.6M
+21.5%
Apartment house (5+ units)
$1.4M
+9.9%
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
Alternative Use
Use
Estimation
RESTAURANT
$1,300,000
Current use
RETAIL STORES
$2,135,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,580,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,430,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$1,365,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,235,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,050,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$129 / 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
$37,041
Tax year 2022
Assessed value
$1,555,700
Assessed 2022
Previous assessed
$1,555,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$358,400
Assessed improvement
$1,197,300
Land market value
$358,400
Improvement market value
$1,197,300
Total market value
$1,555,700
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1925
Heating
YES
Stories
1
Units
1
Total area
13,261 SF
Lot
1.03 ac (44,823 SF)
Zoning code
IH
APN
431-0975-100
UPID
US92-0615983
Jurisdiction
MILWAUKEE
Zoning & alternative use
IH · Milwaukee, WI
Zoning IH · permitted uses
IH · 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
RESTAURANT Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1925
Heating
YES
Stories
1
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Ivy House LLC
Entity
Free & Clear · 7 yrs held
Mailing address
7047 W RIDGEVIEW DR, MEQUON, WI 53092-1004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
Ivy House LLC
—
Deed
related
$500,000 · Johnson Bank
Jun 7, 2019
—
Ivy House LLC
City Of Milwaukee
Quit Claim Deed
related
—
Feb 16, 2018
$1,092,000
Ivy House LLC
Am Finance LLC
Warranty Deed
—
Sep 20, 2016
$45,000
Am Finance LLC
Barclays Standard LLC
Warranty Deed
related
—
Jul 29, 2016
—
Robert F Smith
Barclay Street Standard LLC
Quit Claim Deed
related
—
Nov 4, 2009
—
Barclay Standard LLC
Robert Smith
Quit Claim Deed
related
—
—
—
Smith,robert F
—
Deed Of Trust
related
$75,000 · Maritime Svgs Bk
—
—
Smith,robert F
—
Deed Of Trust
related
$700,000 · Maritime Svgs Bk
—
—
Ivy House LLC
—
Deed Of Trust
related
$1,350,000 · Kashou G & P Trust (pt)
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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