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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
2127 National Ave Milwaukee, WI 53204-1160
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-0127777
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
30,094 SF
Lot
1.12 ac (48,744 SF)
Zoning code
IO2
APN
434-0040-111
UPID
US92-0127777
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
-
International Produce Agricultural Supply Food Market
-
Midwest Food Service Inc Big Box & Wholesale Store
-
Ibarra Trucking, LLC Trucking Company
-
QUILEZ DISTRIBUTIONS LLC Big Box & Wholesale Store
-
LW Central Produce Corporation Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$635k
Owner & transaction history
National22 LLC · 9 yrs held
National22 LLC
since 2016
7 recorded transactions
Zoning & alternative use
IO2 · 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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$21 / 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
$9,257
Tax year 2022
Assessed value
$388,800
Assessed 2022
Previous assessed
$388,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$194,900
Assessed improvement
$193,900
Land market value
$194,900
Improvement market value
$193,900
Total market value
$388,800
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
1972
Heating
YES
Stories
1
Units
5
Total area
30,094 SF
Lot
1.12 ac (48,744 SF)
Zoning code
IO2
APN
434-0040-111
UPID
US92-0127777
Jurisdiction
MILWAUKEE
Zoning & alternative use
IO2 · Milwaukee, WI
Zoning IO2 · permitted uses
IO2 · 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
1972
Heating
YES
Stories
1
Units
5
Lot
1.12 ac
Current owner
From public records · entity-resolved
National22 LLC
Entity
Mailing address
2314 S 133RD ST, NEW BERLIN, WI 53151-3104
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
National21 LLC
—
Deed
related
$72,000 · Peoples State Bank
Sep 13, 2016
$125,000
National22 LLC
Dona Idt
Deed
$240,000 · Peoples State Bank
Sep 13, 2016
—
National21 LLC
—
Deed
related
$66,000 · Peoples State Bank
—
—
National 21 LLC
—
Deed Of Trust
related
—
—
—
National21 LLC
—
Deed Of Trust
related
—
—
—
Mitchell Square LLC
—
Loan Modification
related
$3,250,000 · Equitable Bk
—
—
National21 LLC
—
Deed Of Trust
related
$66,000 · Peoples Bk
—
—
National 21 LLC
—
Deed Of Trust
related
—
—
—
National21 LLC
—
Deed Of Trust
related
$275,000 · Community Bk
—
—
National 21 LLC
—
Deed Of Trust
related
—
—
—
National21 LLC
—
Loan Modification
related
$183,523 · Equitable Bk
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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