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    Near West Side Portfolio MILWAUKEE, WI 53233

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    Near West Side Portfolio MILWAUKEE, WI 53233

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    • Residential income homes
    For Sale
    $5,900,000
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    Near West Side Portfolio For Sale
    $5,900,000
    73,262 SF

    Near West Side Portfolio

    120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.

    Near West Side Portfolio, Milwaukee, WI 53233
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for Near West Side Portfolio

    Property type
    Residential income homes
    Property subtype
    Residential income properties

    Description

    Kiser Group is pleased to present a rare opportunity to acquire a 120-unit multifamily portfolio consisting of four brick buildings in the Near West Side neighborhood of Milwaukee, WI. This portfolio represents an exceptional opportunity to acquire a sizeable multifamily position in Milwaukee with immediate cash flow and value-add potential. The portfolio has demonstrated stable occupancy with minimal vacancy historically. All buildings are within a half mile radius.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    MILWAUKEE
    County
    State
    Wisconsin
    Longitude
    -87.9751299
    Latitude
    43.0671805

    Comparable in this City

    • Value Estimation by Request
      3,652 SF

      1327 Kilbourn Ave

      BOARDING/ROOMING HOUSE • 3,652 SF
      1327 Kilbourn Ave, Milwaukee, WI 53233-1711
      View Details
    • Value Estimation by Request
      2,102 SF

      939 24th St

      BOARDING/ROOMING HOUSE • 2,102 SF
      939 24th St, Milwaukee, WI 53233-1503
      View Details
    • Value Estimation by Request
      1,945 SF

      947 24th St

      BOARDING/ROOMING HOUSE • 1,945 SF
      947 24th St, Milwaukee, WI 53233-1503
      View Details
    • Value Estimation by Request
      4,277 SF

      752 26th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,277 SF
      752 26th St, Milwaukee, WI 53233-1863
      View Details
    • Value Estimation
      $1,665,000
      3,222 SF

      2130 2132nd W Michigan St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,222 SF
      2130 2132nd W Michigan St, Milwaukee, WI 53233
      View Details
    • Value Estimation
      $675,000
      5,166 SF

      929 931st N 14th St

      BOARDING/ROOMING HOUSE • 5,166 SF
      929 931st N 14th St, Milwaukee, WI 53233
      View Details

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      Milwaukee Multifamily Investment

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      Updated Multifamily Property Near University

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      Riverfront Warehouse with Expansion Potential

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      Retail property for sale with 23,910 square feet.
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      Downtown Parking Lot For Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
      7,128 SF

      Menomonee Valley Flex Space Available

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      Restaurant Space Near Marquette University

      Second-generation restaurant space for lease near Marquette University.
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      Renovated Cream City Brick Building

      Historic building with modern updates near downtown Milwaukee and I-94.
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      Retail Space for Lease

      Retail space available for lease in Milwaukee, Wisconsin.
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    • Contact for pricing

      Professional Center for Lease

      Professional center available for lease.
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      Office Space Available For Lease

      Office space available for lease.
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      View Details
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    MILWAUKEE, WI 53233
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    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
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