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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
9400 9408th N 107th St 9408 Milwaukee, WI 53224-2700
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0376354
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
12,960 SF
Lot
4.09 ac (178,160 SF)
Zoning code
IO1
APN
003-0171-000
UPID
US92-0376354
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
-
Smith Brothers Demolition Construction Company General Contractor
-
AAB landscaping LLC Landscaping General Contractor
-
Skyline Development Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$655k
Owner & transaction history
Nlm Holdings 2 LLC · 5 yrs held
Nlm Holdings 2 LLC
since 2021
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
IO1 · 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
$585,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,025,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Jul 15 2025)
Last sale anchor
$650k
Jul 15 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
$51 / 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
$14,537
Tax year 2022
Assessed value
$613,500
Assessed 2022
Previous assessed
$613,500
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$143,200
Assessed improvement
$470,300
Land market value
$143,200
Improvement market value
$470,300
Total market value
$613,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
YES
Stories
1
Units
6
Total area
12,960 SF
Lot
4.09 ac (178,160 SF)
Zoning code
IO1
APN
003-0171-000
UPID
US92-0376354
Jurisdiction
MILWAUKEE
Zoning & alternative use
IO1 · Milwaukee, WI
Zoning IO1 · permitted uses
IO1 · 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
OFFICE BUILDING Current
Est. value
$1.0M
OFFICE BUILDING Current
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
1973
Heating
YES
Stories
1
Units
6
Lot
4.09 ac
Current owner
From public records · entity-resolved
Nlm Holdings 2 LLC
Entity
Mailing address
9400 N 107TH ST, MILWAUKEE, WI 53224-2700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
$450,000
Nlm Holdings 2 LLC
Milweakee Investments LLC
Warranty Deed
$360,000 · Home Federal Savings Bank
Feb 5, 2015
$230,000
Milwaukee Invs
Community Bk & Trust
Warranty Deed
—
Dec 12, 2014
$345,000
Community Bk & Trust
Inspector Of Milwaukee County|van Brothers I LLC
Foreclosure
related
—
Sep 12, 2005
—
Van Brothers II LLC
Gw Investments LLP
Warranty Deed
$420,000 · Community Bank & Trust
Jan 7, 2005
—
Community Bank & Trust
Van Brothers II LLC
Grant Deed
related
—
—
—
Vanbrothers II LLC
—
Deed Of Trust
related
$700,000 · Villard Street LLC
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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