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Property profile & analytics
OFF-MARKET
Hotels
9717 Appleton Ave, Milwaukee, WI 53225-3306
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0106766
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1951
Total area
3,695 SF
Lot
1.13 ac (49,136 SF)
Zoning code
LB1
APN
185-0211-100
UPID
US92-0106766
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
-
Port Motel Hotel & Motel
-
9717 W Appleton Ave Parking Parking Lot & Garage
-
FREE Rapid & PCR Testing Milwaukee Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Upesh C Shah · 6 yrs held
Upesh C Shah
since 2019
7 recorded transactions
Zoning & alternative use
LB1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,905
Tax year 2022
Assessed value
$416,000
Assessed 2022
Previous assessed
$416,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$98,300
Assessed improvement
$317,700
Land market value
$98,300
Improvement market value
$317,700
Total market value
$416,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1951
Heating
YES
Cooling
YES
Stories
1
Units
16
Total area
3,695 SF
Lot
1.13 ac (49,136 SF)
Zoning code
LB1
APN
185-0211-100
UPID
US92-0106766
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB1 · Milwaukee, WI
Zoning LB1 · permitted uses
LB1 · 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
1951
Heating
YES
Cooling
Yes
Stories
1
Units
16
Lot
1.13 ac
Current owner
From public records · entity-resolved
Upesh C Shah
Individual
Mailing address
9717 W APPLETON AVE, MILWAUKEE, WI 53225-3306
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2019
—
Upesh C Shah
—
Grant Deed
related
$3,000,000 · Readycap Lndg
Aug 26, 2016
—
Upesh C Shah
—
Deed
related
$400,000 · Spring Bk
—
—
Shah,upesh C & Nimisha U
—
Loan Modification
related
—
—
—
Shah,upeshkumar C & Nimisha U
—
Loan Modification
related
—
—
—
Upesh C Shah
—
Deed Of Trust
related
$400,000 · Spring Bk
—
—
Shah,upesh C & Nimisha U
—
Loan Modification
related
—
—
—
Shah,upesh C & Nimisha U
—
Loan Modification
related
—
—
—
Shah,upesh C & Nimisha U
—
Loan Modification
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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