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Property profile & analytics
FOR LEASE
Office buildings
11800 West Park Pl Milwaukee, WI 53224
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0105064
For Lease
1 / 9
$2,440,000
11800 West Park Pl, Milwaukee, WI 53224
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
57,332 SF
Lot
8.05 ac (350,658 SF)
Zoning code
PD
APN
076-0081-000
UPID
US92-0105064
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
-
Evan Hoey, Liberty Mutual Insurance Agent Insurance Agency
-
Mark Korpela at Comparion Insurance Agency Insurance Agency
-
Jeremy Hendrix at Comparion Insurance Agency Insurance Agency
-
Kathya Galante at Comparion Insurance Agency Insurance Agency
-
Comparion Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.44M
Owner & transaction history
Granite Havens LLC · 2 yrs held
Granite Havens LLC
since 2023
Last sale
$2.0M
5 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
$2,610,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.00M (Nov 7 2023)
Last sale anchor
$2.00M
Nov 7 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
$43 / 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
$73,811
Tax year 2022
Assessed value
$3,985,500
Assessed 2022
Previous assessed
$3,985,500
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$579,600
Assessed improvement
$3,405,900
Land market value
$579,600
Improvement market value
$3,405,900
Total market value
$3,985,500
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 (MULTI-STORY)
Status
For Lease
Year built
2000
Heating
NONE
Cooling
YES
Stories
2
Units
2
Total area
57,332 SF
Lot
8.05 ac (350,658 SF)
Zoning code
PD
APN
076-0081-000
UPID
US92-0105064
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.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
8.05 ac
Current owner
From public records · entity-resolved
Granite Havens LLC
Entity
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
Granite Haven LLC
—
Deed
related
$561,000 · Associated Bank NA
Nov 7, 2023
$2,000,000
Granite Havens LLC
LP Park Partners LLC
Special Warranty Deed
$1,500,000 · Associated Bank NA
Dec 21, 2022
—
LP Park Partners LLC
—
Deed
related
—
Mar 1, 2018
$3,000,000
LP Park Partners LLC
Liberty Of Milwaukee LLC
Grant Deed
$2,934,000 · A10 Cap
Aug 16, 2007
$7,300,000
Liberty Of Milwaukee LLC
Lous Properties LLC
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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