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Property profile & analytics
FOR SALE
Parking lots & garages
1933 S 1St St Milwaukee, WI 53204
Entity Owned
15-yr Hold
Free & Clear
Property ID
US92-0677879
For Sale
Contact for pricing
1933 S 1St St, Milwaukee, WI 53204
View Listing →
Property summary
AI-generated overview
This exceptional 6.796-acre waterfront property, located at 1933 S 1st St, Milwaukee, WI 53204, presents a rare development opportunity in the thriving Bayview/Harbor District. Currently operating as a marina, this site boasts a substantial 72,207 square feet and is zoned IM (Industrial Mixed), offering significant flexibility for future projects. The property features two loading docks and enjoys high visibility due to its location and proximity to I-94, providing excellent ingress and egress. Its substantial size offers a unique blend of suburban scale and urban convenience. The location within the rapidly developing Bayview/Harbor District places it near impactful projects such as Freshwater Plaza, Water Technology Park, and the Global Water Accelerator, promising strong long-term value appreciation. This is an ideal site for developers and end-users seeking to capitalize on the area's revitalization and create a significant, lasting impact. The property's APN is 4679992230
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
3.06 ac (133,119 SF)
Zoning code
IM
APN
467-9992-220
UPID
US92-0677879
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
Current use
Occupant on record · Public records
-
Horny Goat Marina Marina
-
Clete Long Enterprises Construction Company
-
Blue Max Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Milwaukee River Marina LLC · 15 yrs held
Milwaukee River Marina LLC
since 2011
4 recorded transactions
Zoning & alternative use
IM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$63,394
Tax year 2022
Assessed value
$2,662,500
Assessed 2022
Previous assessed
$2,662,500
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$2,662,400
Assessed improvement
$100
Land market value
$2,662,400
Improvement market value
$100
Total market value
$2,662,500
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 LOT
Status
For Sale
Heating
YES
Units
166
Lot
3.06 ac (133,119 SF)
Zoning code
IM
APN
467-9992-220
UPID
US92-0677879
Jurisdiction
MILWAUKEE
Zoning & alternative use
IM · Milwaukee, WI
Zoning IM · permitted uses
IM · 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
Heating
YES
Units
166
Lot
3.06 ac
Current owner
From public records · entity-resolved
Milwaukee River Marina LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1933 S 1ST ST, MILWAUKEE, WI 53204-4006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2011
$1,712,800
Milwaukee River Marina LLC
Waterstone Bk Ssb
Quit Claim Deed
related
—
Jun 22, 2011
$1,400,000
Waterstone Bk Ssb
Sheriff Of Milwaukee County
Foreclosure
related
—
Sep 19, 2002
$1,800,000
Pk & Jk Ents LLC
Cable Marine Yacht Sales INC
Warranty Deed
related
$900,000 · Pyramax Bk
—
—
Pk & Jk Ents 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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