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Financial
Distress signals
Property profile

8440 N 87Th St Milwaukee, WI 53224

FOR SALE
Other warehouses
Property ID
US92-0114770
100,107 SF 7.76 ac lot Built 1989
Last sale Oct 2023 · $8,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
8440 N 87Th St, Milwaukee, WI 53224 For Sale
$100,107 100,107 SF
8440 N 87Th St, Milwaukee, WI 53224
View Listing

Property summary

AI-generated overview

Industrial warehouse space is located at 8440 N 87th St, Milwaukee, Wisconsin 53224. The property is categorized for warehouse and industrial use and is configured to support storage and distribution-oriented operations, with compatibility for light industrial workflows depending on the final build-out and how the premises are laid out. Prospective users typically conduct due diligence on site access and any building-specific requirements directly with the managing party to confirm suitability and functional fit.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$77k
Tax billed · 2022
Assessed value$3.10M
Assessed land$419k
Assessed improvement$2.68M
Effective rate2.48%

Value estimate

· Oct 2026
$10.44M
$9.39M – $11.48M
AI approach$9.39M
CAP approach$6.81M
NOI build-up
Gross scheduled income$548k
Vacancy & credit loss−$27k
Operating expenses−$156k
NOI · 364.14% cap applied$365k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$24 – $83
Qualifying comparables4

Cap rate analysis

How does the asset earn?
364.14%
$365k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IL1
The IL1 district is intended to provide sites primarily for light industrial uses that utilize medium sized buildings and do not have ext...
General categoryINDUSTRIAL
JurisdictionMILWAUKEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.6
Law Firm19.3
Dental Office15.8

Location

8440 N 87Th St Milwaukee, WI 53224
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11000 Heather, Milwaukee, WI 53224-2229 $8,407,000 Jul 2025 82,907 SF
8687 107th, Milwaukee, WI 53224-2215 $1,940,000 Jan 2023 49,133 SF
8800 Bradley, Milwaukee, WI 53224-2820 $6,400,000 May 2022 82,277 SF
9160 107th, Milwaukee, WI 53224-1509 $7,635,700 Mar 2022 82,135 SF
9050 Heather, Milwaukee, WI 53224 $7,800,000 Jan 2022 51,049 SF
7840 86th, Milwaukee, WI 53224-3430 $1,600,000 Oct 2020 54,151 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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