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    Property profile & analytics

    12100 Park Pl Milwaukee, WI 53224

    • Industrial properties
    • 59,580 SF
    • 5.29 lot acres
    For Sale
    View listing
    $3,125,000
    Last Sale
    Sep 30, 2020
    $828,600
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0923118
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 12100 Park Pl

    Year built
    1984
    Lot size
    5.29 lot acres
    Property size
    59,580 SF
    Zone code
    PD
    Property type
    Industrial properties
    APN
    076-0001-000
    APU
    760001000

    Description

    This exceptional single-story flex building, totaling 56,293 square feet, presents a unique leasing opportunity in Milwaukee County. Ideally situated along I-41/Highway 45, this property boasts excellent freeway access and high visibility. The building features warehouse/lab space complete with a convenient drive-in door, making it suitable for a variety of businesses. The flexible layout allows for spaces ranging from a minimum of 5,000 square feet up to the entire 56,293 square feet, accommodating diverse operational needs. Currently, the entire 56,293 square feet is available for lease. Built in 1984, this property sits on a generous 5.29-acre lot and is zoned PD (Planned Development). Ample parking is provided with a ratio of 3.5 spaces per 1,000 square feet. The property benefits from recent acquisition by new ownership, signaling a commitment to maintaining and improving this prime location. This is an unparalleled chance to secure a well-located, versatile industrial space with excellent freeway access and high visibility. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000
      ML approach
      $1,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $975,000
      Market price range: $569k - $1.74M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0608
    Latitude
    43.1593
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,729
    $504,900
    $1,486,400
    $1,991,300
    -
    $504,900
    $1,486,400
    $1,991,300

    Comparable in this City

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    • Value Estimation
      $520,000
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      9400 9408th N 107th St

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    • Value Estimation
      $725,000
      10,027 SF

      8525 87th St

      INDUSTRIAL PARK • 10,027 SF
      8525 87th St, Milwaukee, WI 53224-2429
      View Details
    • Value Estimation
      $6,800,000
      43,975 SF

      11000 Park Pl

      INDUSTRIAL PARK • 43,975 SF
      11000 Park Pl, Milwaukee, WI 53224-3615
      View Details
    • Value Estimation
      $2,550,000
      36,037 SF

      11925 Lk Park Dr

      INDUSTRIAL PARK • 36,037 SF
      11925 Lk Park Dr, Milwaukee, WI 53224-3002
      View Details
    • Value Estimation
      $1,490,000
      42,583 SF

      8625 Bradley Rd

      CONSTRUCTION/CONTRACTING SERVICES • 42,583 SF
      8625 Bradley Rd, Milwaukee, WI 53224-2815
      View Details

    Similar Nearby for Sale

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      Milwaukee Flex Building: $3.125M

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    • Contact for pricing
      11.67 Acres

      Milwaukee Industrial Land - 11 Acres

      Prime Milwaukee industrial land, 11.67 acres, IL-1 zoning.
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    • $1,600,000
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      Multi-Tenant Office Building For Sale

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    Similar Nearby for Lease

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      357,753 SF

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      14,944 SF

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      Well-maintained industrial flex space with excellent freeway access.
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      View Details
    • Contact for pricing
      90,000 SF

      Warehouse Space Available Fall 2023

      90,000 SF warehouse divisible to 16,300 SF, available Fall 2023.
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      View Details
    • Contact for pricing
      42,618 SF

      Industrial Space Near I-41

      Industrial property with ample parking and convenient highway access.
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    • Contact for pricing
      29,747 SF

      Faulkner Road Flex Space Available

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      View Details
    • $11 SF/Yr
      86,723 SF

      Luxury Milwaukee Office Space

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      View Details
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    12100 Park Pl
    Milwaukee, WI 53224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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