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Property profile & analytics
OFF-MARKET Estimated value $1,230,000
Manufacturing properties

12000 Carmen Ave Milwaukee, WI 53225-2116

26,800 SF 1.98 ac lot Built 2000
Entity Owned 7-yr Hold Free & Clear
Property ID
US92-3493933
Property profile
Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 2000
Total area 26,800 SF
Lot 1.98 ac (86,031 SF)
Zoning code IL1
APN 181-0202-100
UPID US92-3493933
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
  • Benjamin R. Clark, OD Physician
  • Herslof Optical Co Inc Ophthalmologist (Bike/Boat/Book/etc) Store
  • George L. Rowe, OD Physician
  • Professional Vision Services Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$886k
Blend (final) Blend
$1.23M
Owner & transaction history
Herslof Optical Co INC · 7 yrs held
Herslof Optical Co INC
since 2019
4 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2007
$1.0M
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
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