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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
1601 1901st W Mt Vernon Ave, Milwaukee, WI 53233
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0782365
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1943
Total area
7,291 SF
Lot
10.25 ac (446,490 SF)
Zoning code
PD
APN
398-0906-111
UPID
US92-0782365
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
$625k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$575k
Owner & transaction history
Giuffre I LLC · 7 yrs held
Giuffre I LLC
since 2019
3 recorded transactions
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$925,000
+135.5%
Auto repair, garage
$870,000
+120.9%
Retail stores
$785,000
+99.2%
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
by Request
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$395,000
Current use
RESTAURANT
$925,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$870,000
Change: +121% · Conversion: Easy
RETAIL STORES
$785,000
Change: +99% · Conversion: Moderate
MEDICAL BUILDING
$750,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$630,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$79 / 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
$32,698
Tax year 2022
Assessed value
$1,373,300
Assessed 2022
Previous assessed
$1,373,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,281,300
Assessed improvement
$92,000
Land market value
$1,281,300
Improvement market value
$92,000
Total market value
$1,373,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1943
Heating
YES
Stories
1
Units
2
Total area
7,291 SF
Lot
10.25 ac (446,490 SF)
Zoning code
PD
APN
398-0906-111
UPID
US92-0782365
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$395,000
RESTAURANT
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$785,000
MEDICAL BUILDING
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1943
Heating
YES
Stories
1
Units
2
Lot
10.25 ac
Current owner
From public records · entity-resolved
Giuffre I LLC
Entity
Mailing address
445 W OKLAHOMA AVE, MILWAUKEE, WI 53207-2665
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 19, 2019
—
Giuffre I LLC
—
Deed
related
$1,194,000 · Tri City National Bank
Jun 18, 2013
—
Giuffre I LLC
—
Deed Of Trust
related
$9,000,000 · Johnson Bk
—
—
Giuffre Viii LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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