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Property profile & analytics
FOR LEASE
Office buildings
111 E Wisconsin Ave Milwaukee, WI 53202
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0977759
For Lease
1 / 3
$12 SF/Yr
111 E Wisconsin Ave, Milwaukee, WI 53202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
480,654 SF
Lot
0.95 ac (41,186 SF)
Zoning code
C9F(B)
APN
392-0605-111
UPID
US92-0977759
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
-
P & S Meat Packer
-
Chase Mortgage Loan Service Bank
-
Scheid Robert S PhD Physician Medical Clinic
-
Pederson M Gordon PHD Physician Medical Clinic
-
Long Term Care Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.99M
Owner & transaction history
Chase Tover Winconsin Realty LP · 4 yrs held
Chase Tover Winconsin Realty LP
since 2021
4 recorded transactions
Zoning & alternative use
C9F(B) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$27 / 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
$652,204
Tax year 2022
Assessed value
$27,392,000
Assessed 2022
Previous assessed
$27,392,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$4,118,600
Assessed improvement
$23,273,400
Land market value
$4,118,600
Improvement market value
$23,273,400
Total market value
$27,392,000
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
For Lease
Year built
1961
Heating
YES
Stories
22
Units
62
Total area
480,654 SF
Lot
0.95 ac (41,186 SF)
Zoning code
C9F(B)
APN
392-0605-111
UPID
US92-0977759
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(B) · Milwaukee, WI
Zoning C9F(B) · permitted uses
C9F(B) · 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.
Building & site characteristics
From public records
Year built
1961
Heating
YES
Stories
22
Units
62
Lot
0.95 ac
Current owner
From public records · entity-resolved
Chase Tover Winconsin Realty LP
Entity
Mailing address
111 E WISCONSIN AVE STE #250, MILWAUKEE, WI 53202-4832
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 24, 2021
$34,250,000
Chase Tover Winconsin Realty LP
111 E Wisconsin Property Owmer LLC
Special Warranty Deed
$28,610,786 · Prime Finance Short Duration Holdin
Jun 23, 2016
—
111 E Wisconsin Prop Owner LLC
Breof Bnk Midwest LLC
Quit Claim Deed
related
$25,500,000 · * Other Institutional Lenders
Jun 23, 2016
$30,500,000
111 E Wisconsin Prop Owner LLC
Breof Bnk Midwest LLC
Grant Deed
—
Oct 18, 2006
—
Breof Bnk Midwest LLC
Banc One Building Management Corp
Quit Claim Deed
$419,500,000 · Morgan Stanley Mortgage Capital INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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