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Property profile & analytics
OFF-MARKET
Estimated value
$10,305,000
Warehouses
1131 8th St 1 Milwaukee, WI 53233-3000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-2568788
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
84,841 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C9G
APN
391-0891-000
UPID
US92-2568788
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
-
Life Storage - Milwaukee Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.17M
CAP Approach
CAP
$11.85M
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$10.31M
Owner & transaction history
Sh 7203 7207 LLC · 5 yrs held
Sh 7203 7207 LLC
since 2021
Last sale
$9.3M
1 recorded transaction
Zoning & alternative use
C9G · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all property lines a distance at l east equal to the height of the tower. Any other tower may be allowed as a special use.
Zone name
Mixed Activity
General category
INDUSTRIAL
Source
Master V2
Top alternative use upside
Apartment house (5+ units)
$14.8M
+223.1%
Restaurant
$10.8M
+135.5%
Auto repair, garage
$10.1M
+120.9%
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
$12,130,000
ML approach
$12,170,000
CAP Approach
CAP Return
Estimation
6%
$12,840,000
6.5%
$11,850,000
7%
$11,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,805,000
Change: +223% · Conversion: Difficult
RESTAURANT
$10,790,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,120,000
Change: +121% · Conversion: Easy
RETAIL STORES
$9,130,000
Change: +99% · Conversion: Moderate
MEDICAL BUILDING
$8,735,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,895,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,360,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$10.31M
Range $9.27M – $11.34M · ±10% · vs last sale $9.33M (Jul 7 2021)
Last sale anchor
$9.33M
Jul 7 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
$121 / 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
$129,629
Tax year 2022
Assessed value
$5,444,300
Assessed 2022
Previous assessed
$5,444,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,525,900
Assessed improvement
$3,918,400
Land market value
$1,525,900
Improvement market value
$3,918,400
Total market value
$5,444,300
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Stories
1
Units
4
Total area
84,841 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C9G
APN
391-0891-000
UPID
US92-2568788
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WIZoning C9G · permitted uses
C9G · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all property lines a distance at l east equal to the height of the tower. Any other tower may be allowed as a special use.
Zone name
Mixed Activity
General category
INDUSTRIAL
Source
Master V2
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.8M
RESTAURANT
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$10.1M
RETAIL STORES
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1977
Stories
1
Units
4
Lot
1.46 ac
Current owner
From public records · entity-resolved
Sh 7203 7207 LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$9,326,300
Sh 7203 7207 LLC
Wicnn Blue Ribbon LLC
Special Warranty Deed
$1,084,000 · The Northwest Mutual Life Insurance
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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