Financial
Distress signals
Property profile

6204 W Silver Spring Dr Milwaukee, WI 53217

FOR LEASE
Strip malls
Property ID
US92-0628012
8,357 SF 0.44 ac lot Built 1984
Last sale Mar 2019 · $375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This vacant commercial building was previously used as a grocery store and is configured with two separate spaces that may be leased individually or combined into a single premises totaling approximately 4,452 square feet (individual room sizes and square footage not verified by the listing party). The site provides storefront-style frontage and was designed for retail use, with adaptability for a range of retail, office, or service-oriented concepts. The property is located on Silver Spring

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value$458k
Assessed land$39k
Assessed improvement$419k
Effective rate1.78%

Value estimate

· Sep 2026
$340k
$306k – $374k
AI approach$340k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$5k
Operating expenses−$20k
NOI · 629.51% cap applied$47k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
Submarket average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$36 – $151

Cap rate analysis

How does the asset earn?
629.51%
$47k 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?
LB1
The LB1 district provide a wide range of goods and services to a large consumer population coming from an extensive area, within these di...
General categoryCOMMERCIAL
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 agency29.9
Law Firm27.5
Restaurant14.5

Location

6204 W Silver Spring Dr Milwaukee, WI 53217
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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

3 recorded sales · 16 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6270 6300th N 76th, Milwaukee, WI 53218-1206 $525,000 Jul 2025 88,629 SF
5902 5940th N 76th, Milwaukee, WI 53218-1845 $1,200,000 Sep 2022 17,637 SF
5821 Silver Spg, Milwaukee, WI 53218-3269 $2,800,000 Feb 2022 38,656 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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