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Property profile & analytics
OFF-MARKET
Estimated value
$36,135,000
Office buildings
107 111th E Kilbourn Ave Milwaukee, WI 53202
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-1319221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
378,717 SF
Lot
0.61 ac (26,738 SF)
Zoning code
C9D(A)
APN
392-2361-000
UPID
US92-1319221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.14M
Owner & transaction history
Milwaukee Center Mgmt LLC · 10 yrs held
Milwaukee Center Mgmt LLC
since 2016
3 recorded transactions
Zoning & alternative use
C9D(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$49.4M
+40.5%
Restaurant
$48.2M
+36.9%
Auto repair, garage
$45.2M
+28.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$35,170,000
Current use
COMMERCIAL (GENERAL)
$49,410,000
Change: +40% · Conversion: Easy
RESTAURANT
$48,160,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$45,175,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$38,985,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$35,235,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$36.14M
Range $32.52M – $39.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,393,509
Tax year 2022
Assessed value
$58,773,300
Assessed 2022
Previous assessed
$57,564,400
+2.1% YoY
Effective rate
2.37%
On assessed value
Assessed land
$2,219,300
Assessed improvement
$56,554,000
Land market value
$2,219,300
Improvement market value
$56,554,000
Total market value
$58,773,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Stories
26
Units
56
Rooms
4
Bathrooms
2
Total area
378,717 SF
Lot
0.61 ac (26,738 SF)
Zoning code
C9D(A)
APN
392-2361-000
UPID
US92-1319221
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9D(A) · Milwaukee, WI
Zoning C9D(A) · permitted uses
C9D(A) · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$35.2M
COMMERCIAL (GENERAL)
Est. value
$49.4M
RESTAURANT
Est. value
$48.2M
AUTO REPAIR, GARAGE
Est. value
$45.2M
MEDICAL BUILDING
Est. value
$39.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
26
Units
56
Rooms
4
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Milwaukee Center Mgmt LLC
Entity
Free & Clear · 10 yrs held
Mailing address
433 MAIN ST #8538, GREEN BAY, WI 54301-5114
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2016
$60,500,000
Milwaukee Center Mgmt LLC
Hub Milwaukee Center Props LLC
Grant Deed
—
Jul 6, 2011
—
Ugp-everest Milwaukee LLC
—
Grant Deed
related
$20,000,000 · General Elec Cap
Jun 20, 2008
$53,050,000
Hub Milwaukee Center Props LLC
Glr Milwaukee Center LLC
Grant Deed
$30,638,727 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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