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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
217 Broadway Milwaukee, WI 53202-5828
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1217823
Property summary
AI-generated overview
This exceptional 9,723 square foot mixed-use building, located at 217 N Broadway in Milwaukee's Historic Third Ward, offers a unique 3,241 square foot executive office space for lease. A beautifully preserved former coffee roasting mill, dating back to 1912 and listed on the National Register of Historic Buildings, the property boasts original, exposed industrial features including three coffee roasters, bean storage hoppers, and other machinery from the Josiah Burns & Sons Machine Foundry (1885). The three-story building features ceiling heights ranging from 9'6" to 13'6", creating a dramatic and inspiring workspace. The building's C9G mixed activity zoning allows for a variety of uses. Street and other area parking accommodations are available. Situated in the heart of Milwaukee's creative hub, the property is surrounded by galleries, offices, performing arts venues (including the Broadway Theater Center), and the Milwaukee Institute of Art & Design. Upscale yet approachable restaurants and popular sidewalk dining options are within easy reach. This single-tenant space is truly one-of-a-kind. The property's rich history and unique character create an unforgettable work environment. Contact us today to learn more about this remarkable opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1913
Total area
10,680 SF
Lot
0.08 ac (3,600 SF)
Zoning code
C9G
APN
392-0981-000
UPID
US92-1217823
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
-
Design Office Marketing & Advertising Advertising Agency
-
Bavette La Boucherie Restaurant
-
GIVE ME LIBERTY PRODUCTIONS Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$585k
Owner & transaction history
Design Workshop LLC
Design Workshop LLC
2 recorded transactions
Zoning & alternative use
C9G · 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
$505,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$55 / 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
$26,446
Tax year 2022
Assessed value
$1,192,200
Assessed 2022
Previous assessed
$1,192,200
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$108,000
Assessed improvement
$1,084,200
Land market value
$108,000
Improvement market value
$1,084,200
Total market value
$1,192,200
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
1913
Heating
YES
Cooling
YES
Stories
3
Units
2
Total area
10,680 SF
Lot
0.08 ac (3,600 SF)
Zoning code
C9G
APN
392-0981-000
UPID
US92-1217823
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WI
Zoning C9G · permitted uses
C9G · 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
$575,000
WAREHOUSE, STORAGE Current
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
1913
Heating
YES
Cooling
Yes
Stories
3
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Design Workshop LLC
Entity
Mailing address
9041 N KING RD, MILWAUKEE, WI 53217-1848
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Design Workshop LLC
—
Deed Of Trust
related
$50,000 · Associated Bk
—
—
Design Workshop LLC
—
Deed Of Trust
related
$250,000 · Associated 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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