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Property profile & analytics
OFF-MARKET
Estimated value
$8,895,000
Warehouses
11100 Silver Spg Rd Milwaukee, WI 53225-3117
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0024210
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
127,400 SF
Lot
6.39 ac (278,348 SF)
Zoning code
IL1
APN
180-9999-200
UPID
US92-0024210
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
-
K.G. Stevens Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.31M
CAP Approach
CAP
$8.67M
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$8.90M
Owner & transaction history
Silver Spring Property Group LLC · 5 yrs held
Silver Spring Property Group LLC
since 2021
Last sale
$9.1M
5 recorded transactions
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.7M
+43.9%
Medical building
$13.1M
+37.7%
Neighborhood: shopping center
$11.9M
+24.4%
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
$11,770,000
ML approach
$12,305,000
CAP Approach
CAP Return
Estimation
6%
$9,390,000
6.5%
$8,665,000
7%
$8,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,525,000
Current use
RETAIL STORES
$13,710,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$13,115,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,855,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,050,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$8.90M
Range $8.01M – $9.78M · ±10% · vs last sale $9.05M (Jun 29 2021)
Last sale anchor
$9.05M
Jun 29 2021
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
$70 / 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
$66,697
Tax year 2022
Assessed value
$2,748,600
Assessed 2022
Previous assessed
$2,748,600
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$309,300
Assessed improvement
$2,439,300
Land market value
$309,300
Improvement market value
$2,439,300
Total market value
$2,748,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
YES
Stories
1
Units
2
Total area
127,400 SF
Lot
6.39 ac (278,348 SF)
Zoning code
IL1
APN
180-9999-200
UPID
US92-0024210
Jurisdiction
MILWAUKEE
Zoning & alternative use
IL1 · Milwaukee, WIZoning IL1 · permitted uses
IL1 · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.5M
RETAIL STORES
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$11.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1968
Heating
YES
Stories
1
Units
2
Lot
6.39 ac
Current owner
From public records · entity-resolved
Silver Spring Property Group LLC
Entity
Mailing address
11100 W SILVER SPG RD, MILWAUKEE, WI 53225-3117
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$9,050,000
Silver Spring Property Group LLC
K G Stevens Holdings LLC
Special Warranty Deed
$6,335,000 · Bank Of Prairie Du Sac
Dec 31, 2013
$2,100,000
Stevens Holdings LLC
Ktr Wis II LLC
Special Warranty Deed
—
Aug 11, 2011
$45,300
Ktr Wis II LLC
Cjf4 LLC
Quit Claim Deed
related
—
Aug 2, 2006
$6,700,000
Cjf4 LLC
Centerpoint Properties Trust
Grant Deed
—
Apr 7, 2006
—
Centerpoint Properties Trust
—
Grant Deed
related
$16,000,000 · Miscellaneous Ins Co
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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