Property profile

2615 Silver Spg Dr Milwaukee, WI 53209

OFF-MARKET
Medical Office Space
Property ID
US92-0990472
7,696 SF 0.74 ac lot Built 2017
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Total area 7,696 SF
Lot 0.74 ac (32,400 SF)
Zoning code LB1
APN 194-0316-111
UPID US92-0990472

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
  • Medical Clinic
  • Physician Medical Clinic

Location

2615 Silver Spg Dr Milwaukee, WI 53209-4219
Milwaukee metro Census 2200 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.33M
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.14M

Owner & transaction history

since 2016
3 recorded transactions
2016
$470,000
2011
Price N/A
2006
Price N/A

Zoning & alternative use

LB1 · Milwaukee, WI
Zoning description

2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.0M +26.6%
Restaurant $980,000 +23.5%
Auto repair, garage $920,000 +15.9%

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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