Technical
Financial
Distress signals
Property profile

10855 Park Pl Milwaukee, WI 53224

OFF-MARKET
Strip malls
Property ID
US92-3360442
21,403 SF 3.47 ac lot Built 2001
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This neighborhood shopping center is located on Good Hope Rd with visibility from the roadway; adjacent roadways reportedly carry traffic volumes exceeding 83,000 vehicles per day. The center is situated near Park Place and Woodland Prime office parks, which together include more than 7,500 daytime employees, and the property includes space suitable for retail uses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 21,403 SF
Lot 3.47 ac (151,110 SF)
Zoning code PD
APN 111-0122-000
UPID US92-3360442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Take-out & Catering
  • Alternative Medicine Practice
  • Restaurant

Location

10855 Park Pl Milwaukee, WI 53224-3600
Milwaukee metro Census 202 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$2.13M

Owner & transaction history

since 2017
4 recorded transactions
2024
Price N/A
2017
$715,000
2012
$1.0M
2008
$3.4M

Zoning & alternative use

PD · Milwaukee, WI
Zoning description

295-907. Planned Development District (PD/DPD). 1. PURPOSES. The planned development district is intended to: a. Allow flexibility in land development. b. Promote creativity, variety and environmental sensitivity. c. Enc…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Apartment house (5+ units) $2.8M +39.0%
Restaurant $2.7M +36.7%
Auto repair, garage $2.6M +28.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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