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Property profile & analytics
FOR LEASE
Office buildings
11414 W Park Pl Milwaukee, WI 53224
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1115997
For Lease
1 / 13
$13 SF/Yr
11414 W Park Pl, Milwaukee, WI 53224
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Property summary
AI-generated overview
Liberty I at Park Place, located at 11414 W Park Pl, Milwaukee, WI 53224, offers exceptional Class A executive office space in Milwaukee County. This three-story building, constructed in 2001, boasts a total of 86,723 square feet, with a significant amount currently available for lease. Flexible space options cater to various business needs, ranging from a minimum of 5,637 square feet to a maximum contiguous space of 32,760 square feet. A substantial 54,378 square feet is currently vacant, providing ample opportunity for businesses seeking immediate occupancy. The building features multiple tenancies, allowing for diverse occupancy configurations. Ample parking is available, with a ratio exceeding 5 spaces per 1,000 square feet. This prime location in Milwaukee offers easy access to major transportation routes and amenities. The property's modern design and efficient layout make it an ideal choice for businesses seeking a prestigious and functional workspace. Contact us today to explore the leasing opportunities and discover how Liberty I at Park Place can meet your company's needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
91,084 SF
Lot
6.21 ac (270,333 SF)
Zoning code
PD
APN
111-0111-000
UPID
US92-1115997
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
-
Baby Belle Memory Books (Bike/Boat/Book/etc) Store
-
Wisconsin Auto Finance Bank Credit Union
-
The Yoni Bar LLC Spa & Massage Center
-
Stephen M Fisher & Associates LLP Law Firm
-
Comet Technologies (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.67M
Owner & transaction history
Melrose Milwaukee Holdings LLC · 3 yrs held
Melrose Milwaukee Holdings LLC
since 2022
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
$5,325,000
ML approach
$5,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,215,000
Current use
Blend value · Realmo final
$4.67M
Range $4.20M – $5.14M · ±10% · vs last sale $4.40M (Aug 3 2022)
Last sale anchor
$4.40M
Aug 3 2022
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
$51 / 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
$76,235
Tax year 2022
Assessed value
$3,201,800
Assessed 2022
Previous assessed
$3,201,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$222,100
Assessed improvement
$2,979,700
Land market value
$222,100
Improvement market value
$2,979,700
Total market value
$3,201,800
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
2000
Heating
NONE
Cooling
YES
Stories
3
Units
9
Total area
91,084 SF
Lot
6.21 ac (270,333 SF)
Zoning code
PD
APN
111-0111-000
UPID
US92-1115997
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
OFFICE BUILDING Current
Est. value
$7.2M
OFFICE BUILDING Current
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
2000
Heating
NONE
Cooling
Yes
Stories
3
Units
9
Lot
6.21 ac
Current owner
From public records · entity-resolved
Melrose Milwaukee Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
60 MAYFLOWER DR TENAFLY
Ownership since
2022
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
Aug 3, 2022
$4,400,000
Melrose Milwaukee Holdings LLC
Liberty One LLC
Special Warranty Deed
—
Apr 27, 2020
$200,000
Liberty One LLC
Lsop Wi LLC
Grant Deed
—
Apr 6, 2012
—
Lsop Wi LLC
—
Grant Deed
related
$46,700,000 · Miscellaneous Ins Co
Apr 5, 2012
$44,989,000
Lsop Wi LLC
Liberty Property LP
Grant Deed
—
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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