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Property profile & analytics
FOR LEASE
Strip malls
10855 West Park Pl Milwaukee, WI 53224
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-3360442
For Lease
1 / 4
$12 SF/Yr
10855 West Park Pl, Milwaukee, WI 53224
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Collis-Geers Jane M MD Physician
-
ShaeShoeBox Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Cousins Subs Take-out & Catering
-
Zachary Brocker, DC Alternative Medicine Practice
-
Dior's Gallery Restaurant
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
Liberty Plaza LLC · 9 yrs held
Liberty Plaza LLC
since 2017
4 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+39.0%
Restaurant
$2.7M
+36.7%
Auto repair, garage
$2.6M
+28.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,990,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,765,000
Change: +39% · Conversion: Difficult
RESTAURANT
$2,720,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,555,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,305,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$2,205,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,855,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$1,695,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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
$99 / 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
$19,229
Tax year 2022
Assessed value
$2,061,900
Assessed 2022
Previous assessed
$2,061,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$453,300
Assessed improvement
$1,608,600
Land market value
$453,300
Improvement market value
$1,608,600
Total market value
$2,061,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2001
Heating
NONE
Cooling
YES
Stories
1
Units
7
Total area
21,403 SF
Lot
3.47 ac (151,110 SF)
Zoning code
PD
APN
111-0122-000
UPID
US92-3360442
Jurisdiction
MILWAUKEE
Zoning & alternative use
PD · Milwaukee, WI
Zoning PD · permitted uses
PD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Units
7
Lot
3.47 ac
Current owner
From public records · entity-resolved
Liberty Plaza LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1010 E LAYTON AVE, MILWAUKEE, WI 53207-5238
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Liberty Plaza LLC
—
Deed
related
$1,360,000 · Us Bank NA
Jun 5, 2017
$715,000
Liberty Plaza LLC
10855 W Park Place LLC
Warranty Deed
—
Apr 6, 2012
$1,000,000
10855 W Park Place LLC
Maple Grove Retail LLC
Warranty Deed
—
Feb 19, 2008
$3,375,000
Maple Grove Retail LLC
Liberty Property
Grant Deed
$2,754,000 · Bank Mutual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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