New search
Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Industrial properties
12100 Park Pl Milwaukee, WI 53224-3006
Entity Owned
5-yr Hold
Free & Clear
Property ID
US92-0923118
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1984
Total area
59,580 SF
Lot
5.29 ac (230,607 SF)
Zoning code
PD
APN
076-0001-000
UPID
US92-0923118
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$930k
Owner & transaction history
12100 West Lake Park Drive LLC · 5 yrs held
12100 West Lake Park Drive LLC
since 2020
Last sale
$828,600
3 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
$815,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $829k (Sep 30 2020)
Last sale anchor
$829k
Sep 30 2020
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
$16 / 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
$19,729
Tax year 2022
Assessed value
$1,991,300
Assessed 2022
Previous assessed
$1,991,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$504,900
Assessed improvement
$1,486,400
Land market value
$504,900
Improvement market value
$1,486,400
Total market value
$1,991,300
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
1984
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
59,580 SF
Lot
5.29 ac (230,607 SF)
Zoning code
PD
APN
076-0001-000
UPID
US92-0923118
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
1984
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
5.29 ac
Current owner
From public records · entity-resolved
12100 West Lake Park Drive LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8TH 22520TH JOHNSON DR, WAUKESHA, WI 53186
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Sep 30, 2020
$828,600
12100 West Lake Park Drive LLC
Lsop Wi LLC
Grant Deed
—
Apr 6, 2012
—
Lsop Wi LLC
—
Grant Deed
related
$46,700,000 · Miscellaneous Ins Co
Apr 5, 2012
$44,989,000
Lsop Wi LLC
Liberty Property LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12100 Park Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
