Property profile

2441 Farwell Ave 2449 Milwaukee, WI 53211

OFF-MARKET
Office buildings
Property ID
US92-0329494
6,980 SF 0.12 ac lot Built 2008
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Total area 6,980 SF
Lot 0.12 ac (5,400 SF)
Zoning code LB2
APN 319-0735-100
UPID US92-0329494

Cap rate & NOI

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

Location

2441 Farwell Ave, Unit 2449 Milwaukee, WI 53211-4415
Milwaukee metro Census 7700 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$622k
Blend (final) Blend
$790k

Owner & transaction history

since 2006
5 recorded transactions
2018
Price N/A
2006
$204,800
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LB2 · Milwaukee, WI
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning dist…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $990,000 +79.1%
Restaurant $890,000 +60.5%
Auto repair, garage $835,000 +50.6%

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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