3034 Prospect Ave Milwaukee, WI 53211-3347
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Zelazo Surface Lot (Lot #9) Parking Lot & Garage
295-905. Institutional District (TL). 1. PURPOSE. The institutional district is established to accommodate largely institutional and institutional/residential uses, along with supporting uses, that occupy multiple buildings, often in a campus -like setting. The institutional district shall be sh own on the zoning map with a “TL” designator. 2. USES. a. Use T…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
TL · Milwaukee, WI295-905. Institutional District (TL). 1. PURPOSE. The institutional district is established to accommodate largely institutional and institutional/residential uses, along with supporting uses, that occupy multiple buildings, often in a campus -like setting. The institutional district shall be sh own on the zoning map with a “TL” designator. 2. USES. a. Use Table. Table 295-905-2-a indicates the use classifications for various land uses in the institutional district. The uses in this table are defined in s. 295 -205. The following are the use classifications indicated in Table 295-905-2-a: a-1. "Y" indicates a permitted use. This use is permitted as a matter of right subject to all performance standards. a-2. “L” indicates a limited use. This use is permitted only when the use meets the standards of par. b. If the use cannot meet these standards, it shall be permitted only upon board approval of a special use permit pursuant to s. 295-311-2, unless otherwise prohibited by par. b. a-3. "S" indicates a special use. This use is permitted only if the board approves a special use permit pursuant to s. 295-311-2. a-4. “N” indicates a prohibited use.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.