Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

223 N Water St Milwaukee, WI 53202

FOR SALE
Other warehouses
Property ID
US92-0129513
19,440 SF 0.09 ac lot Built 1890
Last sale Nov 2019 · $1,930,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an office space located in Milwaukee’s Third Ward, configured with loft-style office suites featuring exposed cream City brick and wood beams. The suites provide views along Water Street and the Milwaukee River, and the space has an approximate total area of 1,500 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$47k
Tax billed · 2022
Assessed value$1.98M
Assessed land$112k
Assessed improvement$1.87M
Effective rate2.35%

Value estimate

· Oct 2026
$920k
$828k – $1.01M
Submarket $/SF estimate$1.19M
NOI build-up
Gross scheduled income$89k
Vacancy & credit loss−$20k
Operating expenses−$17k
NOI · 367,535.71% cap applied$51k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$24 – $83

Cap rate analysis

How does the asset earn?
367,535.71%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C9G
The C9G mixed activity district is designed and intended to permit a wide range of retail, service, light manufacturing and residential u...
General categoryINDUSTRIAL
JurisdictionMILWAUKEE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.2
Laundromat8.1
Locksmith8.0

Location

223 N Water St Milwaukee, WI 53202
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
159 Broadway, Milwaukee, WI 53202-6014 $2,141,600 Sep 2024 10,935 SF
225 229th N Water, Milwaukee, WI 53202 $3,612,500 May 2024 32,000 SF
1617 1633rd En, Milwaukee, WI 53202-1034 $600,000 Jan 2024 29,076 SF
1518 En, Milwaukee, WI 53202 $1,100,000 Jul 2022 18,586 SF
215 Water, Milwaukee, WI 53202-6055 $4,450,000 Aug 2019 27,530 SF
125 129th N Water, Milwaukee, WI 53202 $3,325,000 May 2019 39,960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again