Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1933 S 1st St Milwaukee, WI 53204

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6.8 acre waterfront parcel in the Bayview submarket.

    Type:Land
    Lot size:
    6.80 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    48
    Last Refresh:
    Mar 7 at 7:05 pm

    Property Features for 1933 S 1st St

    General Information

    Standard status
    Active
    Lot size
    6.80 Acres
    Property subtype
    Land

    Properties For Sale

    at 1933 S 1st St Contact us

    We can help!

    Listing Contact
    Marianne Burish
    Marianne Burish

    Listing agent Marianne Burish License #5649190

    Listing office Transwestern Commercial Services WI

    Listing date Mar 7, 2026

    Source Transwestern

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Transwestern Commercial Services WI

    Overview

    Waterfront Development Opportunity in Bayview

    This 6.8-acre waterfront parcel is located in the Bayview submarket. Currently operating as the Milwaukee/Horny Goat Marina, the site presents a mixed-use development opportunity. The location offers a combination of size and setting, flexible zoning, I94 access, and high visibility. Nearby developments include the Freshwater Plaza, Water Technology Park, and Global Water Accelerator.
    Location Intelligence

    Current Use by Public Records

    Horny Goat Marina Marina Clete Long Enterprises Construction Company Blue Max Charters Tour Operator

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9132849
    Latitude
    43.0090323

    Nearby Similar for Sale

    • $500,000
      2,863 SF

      Prime Commercial Building on S 76th

      Free-standing building in a high-traffic commercial area.
      3171 S 76th St, Milwaukee, WI 53219
      View Details
    • $500,000
      9,688 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with flexible spaces and ample parking.
      9306 N 107th St, Milwaukee, WI 53224
      View Details
    • $759,000
      6,114 SF

      Multi-Unit Commercial Property For Sale

      Well-maintained commercial property with restaurant and office/retail spaces.
      8301 W Silver Spring Dr, Milwaukee, WI 53218
      View Details
    • $324,900
      6,391 SF

      Mixed-Use Commercial Property on Capitol

      Large mixed-use commercial property suitable for retail, office, or service.
      3524 W Capitol Dr, Milwaukee, WI 53216
      View Details
    • $320,000

      Well-Maintained Milwaukee Apartment Building

      Fully occupied four-unit building with reliable tenants and income potential.
      5806 N 76th St, Milwaukee, WI 53218
      View Details
    • $490,000
      6,327 SF

      Villard Avenue Commercial Property

      Commercial property suitable for daycare, retail, office, or service use.
      3311 W Villard Ave, Milwaukee, WI 53209
      View Details
    • $899,900

      Turnkey 10-Family Apartment Building

      Well-maintained 10-unit apartment building in a desirable Milwaukee location.
      4421 W Arthur Ct, Milwaukee, WI 53219
      View Details
    • $479,900

      Well-Maintained 8-Unit Apartment Building

      Solid investment property near amenities and transportation in Milwaukee.
      4801 N 66th St, Milwaukee, WI 53218
      View Details
    • $499,900

      Milwaukee Apartment Building Investment Opportunity

      12-unit apartment building in Milwaukee with strong tenant appeal.
      2453 N 17th St, Milwaukee, WI 53206
      View Details
    • $500,000
      5,616 SF

      Mixed-Use Investment Opportunity

      Eight-unit mixed-use property with commercial and residential spaces.
      4404 W Burleigh St, Milwaukee, WI 53210
      View Details
    • $430,000

      Updated Milwaukee Townhouse Duplex

      Updated duplex perfect for investors or first-time buyers.
      6553 N Bourbon St, Milwaukee, WI 53224
      View Details
    • $350,000

      Well-Maintained Milwaukee Triplex For Sale

      Three-unit property with recent upgrades and rear cottage.
      1565 S 14th St, Milwaukee, WI 53204
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 6.8 acre waterfront parcel in the Bayview submarket.
    Where is this waterfront land located?
    The property is located at 1933 S 1st St Milwaukee, WI.
    What are key features of this property?
    This property features: Large 6.8 acre waterfront parcel in the Bayview submarket.; Exceptional mixed‑use development opportunity.; Flexible zoning classification.
    (414) 270-4109
    We can help!
    Listing Contact
    Marianne Burish
    Marianne Burish
    Real Estate License ID: 5649190
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!