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Property profile & analytics
OFF-MARKET Estimated value $8,705,000
Warehouses

11925 Carmen Ave Milwaukee, WI 53225-2113

99,046 SF 5.5 ac lot Built 1969
Entity Owned 4-yr Hold Free & Clear
Property ID
US92-3400042
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1969
Total area 99,046 SF
Lot 5.5 ac (239,536 SF)
Zoning code IL1
APN 181-9953-113
UPID US92-3400042
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
  • Trew Hilmot Material Handling Equipment Supplier Industrial Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.04M
CAP Approach CAP
$6.74M
Comparable Approach Comparable
$6.68M
Blend (final) Blend
$8.71M
Owner & transaction history
11925 Carmen Ave Owner LLC · 4 yrs held
11925 Carmen Ave Owner LLC
since 2022
Last sale
$9.0M
7 recorded transactions
2025
Price N/A
2022
$9.0M
2020
$5.3M
2015
$2.8M
2015
$1.4M
2005
$5.1M
1969
Price N/A
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…

Zone name Industrial Light
General category INDUSTRIAL
Source Master V2
Top alternative use upside
Restaurant $12.6M +70.1%
Auto repair, garage $11.8M +59.5%
Retail stores $10.7M +43.9%
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