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Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Warehouses
150 Edgerton Ave Milwaukee, WI 53207
Entity Owned
~
Est. High Equity
Property ID
US92-0994600
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
54,632 SF
Lot
2.23 ac (96,965 SF)
Zoning code
IO1
APN
626-0292-000
UPID
US92-0994600
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
$5.42M
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$5.16M
Owner & transaction history
Chi Mil Portfolio LLC
Chi Mil Portfolio LLC
since 2025
Last sale
$6.6M
5 recorded transactions
Zoning & alternative use
IO1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+98.3%
Auto repair, garage
$6.5M
+86.0%
Commercial (general)
$6.0M
+71.5%
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
$5,410,000
ML approach
$5,415,000
CAP Approach
CAP Return
Estimation
6%
$4,025,000
6.5%
$3,715,000
7%
$3,450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,505,000
Current use
RESTAURANT
$6,950,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,515,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,005,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$5,625,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,085,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10% · vs last sale $6.58M (Dec 26 2025)
Last sale anchor
$6.58M
Dec 26 2025
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
$94 / 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
$37,525
Tax year 2022
Assessed value
$1,576,000
Assessed 2022
Previous assessed
$1,576,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$244,900
Assessed improvement
$1,331,100
Land market value
$244,900
Improvement market value
$1,331,100
Total market value
$1,576,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
YES
Stories
1
Units
1
Total area
54,632 SF
Lot
2.23 ac (96,965 SF)
Zoning code
IO1
APN
626-0292-000
UPID
US92-0994600
Jurisdiction
MILWAUKEE
Zoning & alternative use
IO1 · Milwaukee, WI
Zoning IO1 · permitted uses
IO1 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
YES
Stories
1
Units
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Chi Mil Portfolio LLC
Entity
Mailing address
1 W MARITIME PLZ STE #2100, SAN FRANCISCO, CA 94111-3511
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2025
$6,575,000
Chi Mil Portfolio LLC
130 Edgerton Owner LLC
Special Warranty Deed
$58,884,000 · Cibc Bank USA
Dec 28, 2020
$5,485,200
130 Edgerton Ower LLC
Gap Vii Gb Milwaukee LLC
Special Warranty Deed
$5,838,000 · Cibc Bank USA
Sep 11, 2017
$3,600,000
Gap Vii Gb Milwaukee LLC
Bcl-edgerton LLC
Grant Deed
—
Dec 12, 2012
—
Bcl-edgerton LLC
—
Grant Deed
related
$61,000,000 · Bank Of America
Sep 30, 2005
$4,500,000
Bcl Edgerton LLC
Edgerton Operating Associates LP
Special Warranty Deed
$4,500,000 · Lasalle Bank NA
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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