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Property profile & analytics
OFF-MARKET
Estimated value
$8,080,000
Medical Office Space
930 932nd W Historic Mitchell St Milwaukee, WI 53204
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-2253395
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1895
Total area
39,155 SF
Lot
0.62 ac (26,976 SF)
Zoning code
LB2
APN
461-1397-100
UPID
US92-2253395
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
-
Gerald L. Ignace Indian Health Center, Inc. Dental Office
-
Ignace Indian Health Pharmacy Pharmacy
-
Lydia Biehr Physician
-
U Blaschke Medical Clinic
-
Elizabeth Sedgwick Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.68M
CAP Approach
CAP
$6.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.08M
Owner & transaction history
Gerald L Ignace Indian Heath Center · 1 yrs held
Gerald L Ignace Indian Heath Center
since 2025
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+56.4%
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
$8,690,000
ML approach
$8,675,000
CAP Approach
CAP Return
Estimation
6%
$7,525,000
6.5%
$6,945,000
7%
$6,450,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,300,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$8.08M
Range $7.27M – $8.89M · ±10% · vs last sale $8.05M (Jan 21 2025)
Last sale anchor
$8.05M
Jan 21 2025
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
$206 / 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
$60,282
Tax year 2022
Assessed value
$2,531,800
Assessed 2022
Previous assessed
$2,531,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$80,900
Assessed improvement
$2,450,900
Land market value
$80,900
Improvement market value
$2,450,900
Total market value
$2,531,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1895
Stories
2
Units
42
Total area
39,155 SF
Lot
0.62 ac (26,976 SF)
Zoning code
LB2
APN
461-1397-100
UPID
US92-2253395
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
Est. value
$6.3M
RETAIL STORES
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
1895
Stories
2
Units
42
Lot
0.62 ac
Current owner
From public records · entity-resolved
Gerald L Ignace Indian Heath Center
Individual
Mailing address
731 N JACKSON ST STE #502, MILWAUKEE, WI 53202-4699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
—
Gerald L Ignace Indian Heath Center
Ignace Health Services INC
Deed
—
Jan 21, 2025
$8,045,000
Ignace Health Services INC
Phoenix Mitchell LLC
Special Warranty Deed
$8,820,000 · Impact Seven Sub Cde 12 LLC
Feb 3, 2022
—
Phoenix Mitchell LLC
—
Deed
related
$2,747,000 · Peoples State Bank
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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