Property profile

2212 Vel R Phillips Ave 2228 Milwaukee, WI 53212

OFF-MARKET
Warehouses
Property ID
US92-3363719
23,250 SF 0.86 ac lot Built 1921
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1921
Total area 23,250 SF
Lot 0.86 ac (37,505 SF)
Zoning code CS
APN 353-0213-000
UPID US92-3363719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2212 Vel R Phillips Ave, Unit 2228 Milwaukee, WI 53212-3103
Milwaukee metro Census 185600 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2022
Last sale
$50,000
2 recorded transactions
2022
$990,000
2020
$50,000

Zoning & alternative use

CS · Milwaukee, WI
Zoning description

4. COMMERCIAL SERVICE (CS). This district is intended to provide areas where businesses and personal service establishments can be accommodated, but where extensive retail activities are not warranted by city plans. 295-…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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