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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
2045 Saint Paul Ave Milwaukee, WI 53233-2505
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-0019813
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1890
Total area
10,900 SF
Lot
0.27 ac (11,690 SF)
Zoning code
IC
APN
400-0788-100
UPID
US92-0019813
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
$390k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$575k
Owner & transaction history
Ki 2045 W St Paul Ave LLC · 9 yrs held
Ki 2045 W St Paul Ave LLC
since 2017
6 recorded transactions
Zoning & alternative use
IC · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+60.6%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$590,000
Current use
COMMERCIAL (GENERAL)
$945,000
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
$53 / 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
$10,848
Tax year 2022
Assessed value
$455,600
Assessed 2022
Previous assessed
$455,600
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$58,500
Assessed improvement
$397,100
Land market value
$58,500
Improvement market value
$397,100
Total market value
$455,600
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
1890
Heating
YES
Stories
2
Units
3
Total area
10,900 SF
Lot
0.27 ac (11,690 SF)
Zoning code
IC
APN
400-0788-100
UPID
US92-0019813
Jurisdiction
MILWAUKEE
Zoning & alternative use
IC · Milwaukee, WIZoning IC · permitted uses
IC · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$945,000
WAREHOUSE, STORAGE Current
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
1890
Heating
YES
Stories
2
Units
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ki 2045 W St Paul Ave LLC
Entity
Free & Clear · 9 yrs held
Mailing address
24TH MORNINGSIDE DR, WAUKESHA, WI 53186-6303
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2017
$430,000
Ki 2045 W St Paul Ave LLC
Caledonia Properties 2045 LLC
Grant Deed
—
Jul 16, 2012
$300,000
Caledonia Properties 2045 LLC
Arundel LLC
Warranty Deed
—
Dec 20, 2005
—
Williams Equity LLC
John D Williams
Quit Claim Deed
related
—
Dec 20, 2005
$520,000
Arundell LLC
Williams Equity LLC
Warranty Deed
$520,000 · Jpmorgan Chase Bank NA
—
—
Williams,john D
—
Deed Of Trust
related
$200,000 · Ridgestone Bk
—
—
Brennan Family
—
Deed Of Trust
related
$555,000 · John M JR & Judith E Brennan
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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