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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Apartment buildings
9900 Fond Du Lac Ave Milwaukee, WI 53224-5255
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0007872
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
11,504 SF
Lot
0.54 ac (23,400 SF)
Zoning code
RM1
APN
144-0101-000
UPID
US92-0007872
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$615k
Owner & transaction history
Geoff Lear · 3 yrs held
Geoff Lear
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
RM1 · 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
$640,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (Nov 28 2022)
Last sale anchor
$600k
Nov 28 2022
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
$53 / 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
$16,198
Tax year 2022
Assessed value
$680,300
Assessed 2022
Previous assessed
$680,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$47,300
Assessed improvement
$633,000
Land market value
$47,300
Improvement market value
$633,000
Total market value
$680,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
12
Rooms
42
Bathrooms
1
Total area
11,504 SF
Lot
0.54 ac (23,400 SF)
Zoning code
RM1
APN
144-0101-000
UPID
US92-0007872
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM1 · Milwaukee, WI
Zoning RM1 · permitted uses
RM1 · 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
1972
Heating
NONE
Cooling
Yes
Stories
2
Units
12
Rooms
42
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Geoff Lear
Individual
Mailing address
7878 DAY CRK BLVD 438TH RANCHO CUCAMONGA
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
$300,000
Geoff Lear
Geoff Lear
Quit Claim Deed
related
—
Nov 28, 2022
—
Lear Land Investments LLC
Geoff Lear
Intrafamily Transfer
related
$577,500 · The American National Bank Of Beave
Dec 11, 2019
$600,000
Geoff Lear
Rkt Properties LLC
Warranty Deed
$480,000 · The American National Bank Of Beave
Mar 4, 2013
$372,000
Rkt Properties LLC
B & E Properties LLC
Warranty Deed
—
Nov 27, 2006
—
B & E Properties LLC
Timothy S Bruner
Quit Claim Deed
related
—
Nov 27, 2006
$450,000
Timothy S Bruner
Perfection Enterprises LLC
Warranty Deed
$360,000 · Wauwatosa Savings Bank
Mar 30, 2006
—
Perfection Ents LLC
Joseph M Casper
Warranty Deed
—
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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