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Property profile

938 Layton Ave Milwaukee, WI 53221

OFF-MARKET
Strip malls
Property ID
US92-3462531
View Sample
17,800 SF 4.09 ac lot Built 2006
Entity Owned ~ Est. High Equity

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 17,800 SF
Lot 4.09 ac (178,160 SF)
Zoning code LB1
APN 596-0092-000
UPID US92-3462531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.69M
Blend (final) Blend
$2.06M

Owner & transaction history

since 2026
7 recorded transactions
2026
$4.4M
2017
Price N/A
2015
$2.7M
2004
$555,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LB1 · Milwaukee, WI
Zoning description

2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $3.3M +99.2%
Commercial (general) $3.0M +81.1%
Restaurant $2.3M +36.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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