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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Parking lots & garages
176 Michigan St Milwaukee, WI 53203
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0864919
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1982
Lot
1.74 ac (75,620 SF)
Zoning code
C9E
APN
397-0531-000
UPID
US92-0864919
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Milwaukee Parking Jv Owner 1 L · 10 yrs held
Milwaukee Parking Jv Owner 1 L
since 2015
5 recorded transactions
Zoning & alternative use
C9E · 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
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
—
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
$144,462
Tax year 2022
Assessed value
$6,067,300
Assessed 2022
Previous assessed
$6,067,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$5,670,000
Assessed improvement
$397,300
Land market value
$5,670,000
Improvement market value
$397,300
Total market value
$6,067,300
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1982
Heating
NONE
Units
1202
Lot
1.74 ac (75,620 SF)
Zoning code
C9E
APN
397-0531-000
UPID
US92-0864919
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9E · Milwaukee, WI
Zoning C9E · permitted uses
C9E · 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
1982
Heating
NONE
Units
1202
Lot
1.74 ac
Current owner
From public records · entity-resolved
Milwaukee Parking Jv Owner 1 L
Individual
Free & Clear · 10 yrs held
Mailing address
200 N LA SALLE ST STE #1400, CHICAGO, IL 60601-1035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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 28, 2017
—
Milwaukee Parking Jv Owner 1 L
—
Deed Of Trust
related
$17,000,000 · Insurance Strategy Fndg Xii Ll
Dec 22, 2015
$23,125,000
Milwaukee Parking Jv Owner 1 L
Grand Avenue Mall LLC
Grant Deed
—
Dec 11, 2014
$16,500,000
Grand Avenue Mall LLC
West Wisconsin Avenue Hol 275
Grant Deed
—
Nov 20, 2012
$8,500,000
Banc Of America SR 2005-mib1 Trust
Sheriff Of Milwaukee County
Foreclosure
related
—
Aug 18, 2005
$31,656,800
Grand Avenue City Mall LLC
New Arcade LLC
Grant Deed
$23,100,000 · Ixis R/e Cap
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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