You are browsing as a guest. Register to access key data for free.
Property profile

1509 Prospect Ave Milwaukee, WI 53202

OFF-MARKET
Commercial real estate
Property ID
US92-1123610
View Sample
14,388 SF 0.33 ac lot Built 1888
Individually Owned ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1888
Total area 14,388 SF
Lot 0.33 ac (14,500 SF)
Zoning code RO2
APN 359-0018-000
UPID US92-1123610

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.71M
Comparable Approach Comparable
$2.28M
Blend (final) Blend
$2.16M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

RO2 · Milwaukee, WI
Zoning description

r-2. In RO1 and RO2 districts, the use shall either: r-2-a. Meet the conditions of subd. 1; or r-2-b. Be located in a building containing at least one other principal use listed as a permitted use in the zoning district…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $2.6M +40.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 1509 Prospect Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message