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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
2900 Vliet St Milwaukee, WI 53208-2431
Individually Owned
3-yr Hold
Free & Clear
Property ID
US92-0431463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1923
Total area
26,537 SF
Lot
0.76 ac (32,971 SF)
Zoning code
IO2
APN
365-0807-110
UPID
US92-0431463
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
Current use
Occupant on record · Public records
-
The Wisconsin Black Chamber of Commerce Business Service Center Advocacy Group
-
Metalplate Products Inc Factory Metal Fabrication Plant
-
414 Enterpirse Big Box & Wholesale Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$645k
Owner & transaction history
Wisconsin Black Chamber Of Commerce · 3 yrs held
Wisconsin Black Chamber Of Commerce
since 2023
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
IO2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $400k (Feb 16 2023)
Last sale anchor
$400k
Feb 16 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
$24 / 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
$8,357
Tax year 2022
Assessed value
$351,000
Assessed 2022
Previous assessed
$351,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$33,000
Assessed improvement
$318,000
Land market value
$33,000
Improvement market value
$318,000
Total market value
$351,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1923
Heating
YES
Stories
2
Units
7
Total area
26,537 SF
Lot
0.76 ac (32,971 SF)
Zoning code
IO2
APN
365-0807-110
UPID
US92-0431463
Jurisdiction
MILWAUKEE
Zoning & alternative use
IO2 · Milwaukee, WI
Zoning IO2 · permitted uses
IO2 · 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.
Building & site characteristics
From public records
Year built
1923
Heating
YES
Stories
2
Units
7
Lot
0.76 ac
Current owner
From public records · entity-resolved
Wisconsin Black Chamber Of Commerce
Individual
Free & Clear · 3 yrs held
Mailing address
3020 W VLIET ST, MILWAUKEE, WI 53208-2461
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Wisconsin Black Chamber Of Commerce
—
Deed
related
$175,000 · F Street Investments LLC
Feb 16, 2023
$400,000
Wisconsin Black Chamber Of Commerce
414 Enterprises LLC
Warranty Deed
—
Dec 9, 2014
—
414 Ents LLC
David L Verwoert
Warranty Deed
related
—
Jan 6, 2011
—
Verwoert,david L
Rebecca H Verwoert
Quit Claim Deed
related
—
Jan 6, 2011
$225,000
414 Ents LLC
David L Verwoert
Grant Deed
—
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.
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