Technical
Financial
Distress signals
Property profile

2603 Morgan Ave 2609 Milwaukee, WI 53221

OFF-MARKET
Strip malls
Property ID
US92-0475081
5,810 SF 0.25 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 5,810 SF
Lot 0.25 ac (10,800 SF)
Zoning code LB2
APN 552-9987-111
UPID US92-0475081

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Employment Agency
  • (Bike/Boat/Book/etc) Store

Location

2603 Morgan Ave, Unit 2609 Milwaukee, WI 53221-1463
Milwaukee metro Census 20200 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.25M

Owner & transaction history

since 2021
Last sale
$2.5M
6 recorded transactions
2021
$2.5M
2020
$1.2M
2020
Price N/A
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

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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