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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Industrial properties
11925 Lk Park Dr Milwaukee, WI 53224-3002
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0567775
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1989
Total area
36,037 SF
Lot
3.45 ac (150,151 SF)
Zoning code
PD
APN
076-0052-000
UPID
US92-0567775
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
Milwaukee Gove Nmental LLC · 1 yrs held
Milwaukee Gove Nmental LLC
since 2024
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+97.7%
Medical building
$3.7M
+89.1%
Neighborhood: shopping center
$3.4M
+70.9%
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
$2,550,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,960,000
Current use
RETAIL STORES
$3,880,000
Change: +98% · Conversion: Moderate
MEDICAL BUILDING
$3,710,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,355,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,125,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.55M (Oct 17 2024)
Last sale anchor
$2.55M
Oct 17 2024
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
$71 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,576
Tax year 2023
Assessed value
$530,500
Assessed 2023
Previous assessed
$530,500
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$317,700
Assessed improvement
$212,800
Total market value
$637,400
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Units
6
Total area
36,037 SF
Lot
3.45 ac (150,151 SF)
Zoning code
PD
APN
076-0052-000
UPID
US92-0567775
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
INDUSTRIAL (GENERAL) 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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
3.45 ac
Current owner
From public records · entity-resolved
Milwaukee Gove Nmental LLC
Entity
Mailing address
8TH JOHNSON DR STE L WAUKESHA
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$2,550,000
Milwaukee Gove Nmental LLC
1925 West Lake Park Drive LLC
Special Warranty Deed
$9,522,312 · Associated Bank NA
Sep 30, 2020
$530,500
11925 West Lake Park Drive LLC
Somerset Green Wm Propco LLC
Grant Deed
—
Sep 19, 2012
$1,700,000
Somerset Green William Propco
Westminster Park Vii LLC
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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