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Property profile & analytics
FOR LEASE
Warehouses
325 E Chicago St Milwaukee, WI 53202
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-3416240
For Lease
1 / 3
$16 SF/Yr
325 E Chicago St, Milwaukee, WI 53202
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1913
Total area
36,600 SF
Lot
0.17 ac (7,200 SF)
Zoning code
C9G
APN
392-1030-000
UPID
US92-3416240
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
-
Lightburn Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Metro Eye Physician
-
Dr. Ellen Ringle, O.D. Physician
-
Laffey, Leitner & Goode LLC Law Firm
-
Triad Engineering Inc-Wi Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.86M
Owner & transaction history
Revel 325 Chicago · 8 yrs held
Revel 325 Chicago
since 2017
7 recorded transactions
Zoning & alternative use
C9G · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,490,000
7%
$2,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,975,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10%
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
$51 / 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
$106,952
Tax year 2022
Assessed value
$4,491,900
Assessed 2022
Previous assessed
$4,491,900
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$216,000
Assessed improvement
$4,275,900
Land market value
$216,000
Improvement market value
$4,275,900
Total market value
$4,491,900
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1913
Heating
YES
Cooling
YES
Stories
5
Units
6
Total area
36,600 SF
Lot
0.17 ac (7,200 SF)
Zoning code
C9G
APN
392-1030-000
UPID
US92-3416240
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9G · Milwaukee, WI
Zoning C9G · permitted uses
C9G · 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
WAREHOUSE, STORAGE Current
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
1913
Heating
YES
Cooling
Yes
Stories
5
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Revel 325 Chicago
Individual
Mailing address
5150 N PRT WASHINGTON RD, GLENDALE, WI 53217-5474
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
Revel 325 Chicago LLC
—
Deed
related
$4,250,000 · Woodtrust Bank NA
Sep 25, 2020
—
Revel 325 Chicago LLC
—
Deed
related
$4,300,000 · Woodtrust Bk NA
Dec 22, 2017
$5,050,000
Revel 325 Chicago
Partnersllc Monarch
Warranty Deed
$4,264,000 · Woodtrust Bk NA
Jul 16, 2007
—
Monarch Partners LLC
—
Deed Of Trust
related
$2,800,000 · Miscellaneous Ins Co
May 31, 2006
—
Marne Investments LLC
325 Investments LLC
Warranty Deed
—
Dec 5, 2005
$2,500,000
Monarch Partners LLC
Cfm Building Partnership LLP
Warranty Deed
$2,600,000 · Johnson Bank
—
—
Revel 325 Chicago LLC
—
Deed Of Trust
related
$4,300,000 · Woodtrust Bk NA
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?”
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