Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,360,000
Warehouses
2701 2759th S 28th St 2759 Milwaukee, WI 53215-3607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0602461
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1948
Total area
65,858 SF
Lot
1.6 ac (69,565 SF)
Zoning code
IL2
APN
510-0581-000
UPID
US92-0602461
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.37M
CAP Approach
CAP
$9.60M
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$7.36M
Owner & transaction history
Tkg III Acquisition LLC · 2 yrs held
Tkg III Acquisition LLC
since 2023
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
IL2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+120.9%
Apartment house (5+ units)
$7.8M
+119.5%
Retail stores
$7.1M
+99.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,000,000
ML approach
$9,365,000
CAP Approach
CAP Return
Estimation
6%
$10,400,000
6.5%
$9,600,000
7%
$8,915,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,855,000
Change: +121% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,805,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$7,085,000
Change: +99% · Conversion: Moderate
MEDICAL BUILDING
$6,780,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,125,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$5,220,000
Change: +47% · Conversion: Difficult
RESTAURANT
$4,735,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$7.36M
Range $6.62M – $8.10M · ±10% · vs last sale $6.90M (Oct 11 2023)
Last sale anchor
$6.90M
Oct 11 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$113,807
Tax year 2022
Assessed value
$4,779,800
Assessed 2022
Previous assessed
$4,779,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$156,300
Assessed improvement
$4,623,500
Land market value
$156,300
Improvement market value
$4,623,500
Total market value
$4,779,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Units
428
Total area
65,858 SF
Lot
1.6 ac (69,565 SF)
Zoning code
IL2
APN
510-0581-000
UPID
US92-0602461
Jurisdiction
MILWAUKEE
Zoning & alternative use
IL2 · Milwaukee, WI
Zoning IL2 · permitted uses
IL2 · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
RETAIL STORES
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.2M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Units
428
Lot
1.6 ac
Current owner
From public records · entity-resolved
Tkg III Acquisition LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$6,900,000
Tkg III Acquisition LLC
2701 South 28th Street LP
Special Warranty Deed
$105,560,000 · Citibank NA
Jun 15, 2022
—
2701 South 28th Street LP
—
Deed
related
$5,109,000 · Ixonia Bank
Mar 30, 2022
—
2701 South 28th Street LP
—
Deed
related
$6,175,000 · Keystone Private Income Fund
Jul 27, 2018
—
2701 South 28th Street LLC
—
Deed Of Trust
related
$4,407,000 · First Bk Fin'l Ctr
Mar 5, 2018
$242,400
2701 South 28th Street LLC
2701 Investments LLC
Warranty Deed
related
—
May 1, 2015
$300,000
2701 Investments LLC
Meckelburg LLC
Grant Deed
$150,000 · Bank Mutual
Jan 9, 2008
$31,500
Meckelburg LLC
Wa Getzel Woodwork
Warranty Deed
—
—
—
2759 Investments LLC
—
Deed Of Trust
related
$150,000 · Ixonia Bk
—
—
2759 Investments LLC
—
Deed Of Trust
related
$150,000 · Ixonia Bk
—
—
2701 South 28th Street LLC
—
Deed Of Trust
related
$4,407,000 · First Bk Fin'l Ctr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
You own 2701 2759th S 28th St, Unit 2759?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
