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    315 Water St Milwaukee, WI 53204

    • Warehouses
    • 10,846 SF
    • 0.16 lot acres
    For Lease
    View listing
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US92-0631021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 315 Water St

    Year built
    1890
    Lot size
    0.16 lot acres
    Property size
    10,846 SF
    Zone code
    IM
    Property type
    Warehouses
    APN
    429-0482-000
    APU
    4290482000

    Description

    This exceptional 10,490 square foot office building, located at 315 S Water Street in Milwaukee's vibrant Third Ward/Walker's Point submarket, presents a unique leasing opportunity. Built in 1890 and extensively renovated in 2024, this Class B property offers a blend of historical charm and modern functionality. The building comprises two stories and features one building with five surface parking spaces. While there are no elevators, the building's layout is easily accessible. The entire 10,490 square feet is currently vacant and available for lease, offering flexibility for various business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 4,634 square feet to a maximum contiguous space of 5,856 square feet. This prime location in Milwaukee County, Wisconsin (zip code 53204), provides excellent access to the city's amenities and transportation networks. The property's recent renovation ensures modern systems and finishes, creating an attractive and efficient workspace. This is an exceptional opportunity to secure a prominent location in a thriving Milwaukee neighborhood. Inquire today to learn more about this remarkable office space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $415,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $490,000
      Mixed-Use
      $450,000
      Hospitality
      $375,000
      Educational
      $490,000
      Residential Income
      $380,000
      Energy
      $475,000
      Income-Based Land
      $500,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9072
    Latitude
    43.0279
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,612
    $28,000
    $461,700
    $489,700
    -
    $0.00
    $0.00
    $588,400

    Comparable in this City

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      1230 Bruce St

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    • Value Estimation
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      1803 Kinnickinnic Ave, Unit 1817

      WAREHOUSE, STORAGE • 3,840 SF
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      133 Pittsburgh Ave

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    • Value Estimation
      $885,000
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      1618 1st St

      WAREHOUSE, STORAGE • 201,570 SF
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      View Details

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    315 Water St
    Milwaukee, WI 53204
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    Realmo Value Estimation

    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.

    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.

    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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