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Property profile & analytics
OFF-MARKET
Estimated value
$6,800,000
Industrial properties
11000 Park Pl Milwaukee, WI 53224-3615
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1129819
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2018
Total area
43,975 SF
Lot
4.18 ac (182,081 SF)
Zoning code
PD
APN
111-0132-000
UPID
US92-1129819
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
-
A. O. Smith Corporate Technology Center Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.80M
Owner & transaction history
A O Smith Corporation · 3 yrs held
A O Smith Corporation
since 2023
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+137.5%
Restaurant
$5.6M
+133.6%
Auto repair, garage
$5.2M
+119.1%
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
$8,565,000
ML approach
$8,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,685,000
Change: +138% · Conversion: Difficult
RESTAURANT
$5,590,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,245,000
Change: +119% · Conversion: Easy
RETAIL STORES
$4,730,000
Change: +98% · Conversion: Moderate
MEDICAL BUILDING
$4,525,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,090,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$6.80M
Range $6.12M – $7.48M · ±10% · vs last sale $6.57M (Jul 13 2023)
Last sale anchor
$6.57M
Jul 13 2023
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
$155 / 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
$156,334
Tax year 2022
Assessed value
$6,565,900
Assessed 2022
Previous assessed
$6,565,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$752,400
Assessed improvement
$5,813,500
Land market value
$752,400
Improvement market value
$5,813,500
Total market value
$6,565,900
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
43,975 SF
Lot
4.18 ac (182,081 SF)
Zoning code
PD
APN
111-0132-000
UPID
US92-1129819
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2018
Heating
NONE
Stories
1
Units
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
A O Smith Corporation
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$6,565,900
A O Smith Corporation
Wapp II Development Company LLC
Warranty Deed
—
May 13, 2020
—
Wapp Il Dev Co LLC
—
Deed
related
$188,400 · Cibc Bk USA
Sep 1, 2017
—
Wapp II Dev Co LLC
—
Deed
related
$5,000,000 · Cde 1 LLC
Apr 14, 2017
$362,700
Wapp II Dev Companyllc
Park Place Land Dev Co LLC
Grant Deed
—
—
—
Wapp II Dev Co LLC
—
Deed Of Trust
related
$1,884,000 · Privatebank & Tr
—
—
Wapp II Dev Co LLC
—
Deed Of Trust
related
$5,000,000 · Cde 1 LLC
—
—
Wapp Il Dev Co LLC
—
Deed Of Trust
related
$188,400 · Cibc Bk USA
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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