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Property profile & analytics
FOR LEASE
Office buildings
330 E Kilbourn Ave Milwaukee, WI 53202
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0097363
For Lease
1 / 11
$14.50 SF/Yr
330 E Kilbourn Ave, Milwaukee, WI 53202
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Property summary
AI-generated overview
This 14-story, 495,240-square-foot office complex at 330 E. Kilbourn Avenue in Milwaukee, WI, offers multiple tenancy options. Built in 1984, the property boasts 187,257 square feet of vacant space, divisible into units as small as 340 square feet and up to 20,002 contiguous square feet. The building features a total of 4 parking spaces per 1000 square feet and is conveniently located in downtown Milwaukee, within walking distance of Lake Michigan, the Milwaukee River, and numerous restaurants, bars, entertainment venues, and new apartments. Recent extensive upgrades enhance the tenant experience. The property offers a market-leading amenity package, creating an innovative and flexible work environment. Available spaces range from 340 to 27,505 square feet. The building's prime location in Milwaukee County, Wisconsin, (zip code 53202) makes it an ideal location for businesses seeking a vibrant and convenient urban setting.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
534,786 SF
Lot
1.82 ac (79,105 SF)
Zoning code
C9D(A)
APN
393-0402-100
UPID
US92-0097363
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
-
nvisia (Bike/Boat/Book/etc) Store Corporate Office
-
Chaet Barry L Law Firm
-
Celera Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Bubon Orthodontics Dental Office
-
Tenneco Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.70M
Blend (final)
Blend
$42.51M
Owner & transaction history
330 Kilbourn Wisconsin Realty LP · 5 yrs held
330 Kilbourn Wisconsin Realty LP
since 2021
1 recorded transaction
Zoning & alternative use
C9D(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$69.8M
+40.5%
Restaurant
$68.0M
+36.9%
Auto repair, garage
$63.8M
+28.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$49,665,000
Current use
COMMERCIAL (GENERAL)
$69,775,000
Change: +40% · Conversion: Easy
RESTAURANT
$68,010,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$63,790,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$55,050,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$49,755,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$42.51M
Range $38.25M – $46.76M · ±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
$79 / 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
$1,177,869
Tax year 2022
Assessed value
$49,469,500
Assessed 2022
Previous assessed
$40,969,000
+20.7% YoY
Effective rate
2.38%
On assessed value
Assessed land
$3,956,200
Assessed improvement
$45,513,300
Land market value
$3,956,200
Improvement market value
$45,513,300
Total market value
$49,469,500
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
Status
For Lease
Year built
1981
Heating
NONE
Stories
13
Units
579
Total area
534,786 SF
Lot
1.82 ac (79,105 SF)
Zoning code
C9D(A)
APN
393-0402-100
UPID
US92-0097363
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9D(A) · Milwaukee, WI
Zoning C9D(A) · permitted uses
C9D(A) · 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
OFFICE BUILDING Current
Est. value
$49.7M
COMMERCIAL (GENERAL)
Est. value
$69.8M
RESTAURANT
Est. value
$68.0M
AUTO REPAIR, GARAGE
Est. value
$63.8M
MEDICAL BUILDING
Est. value
$55.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Heating
NONE
Stories
13
Units
579
Lot
1.82 ac
Current owner
From public records · entity-resolved
330 Kilbourn Wisconsin Realty LP
Entity
Mailing address
1 WORLD TRADE CTR FL #83, NEW YORK, NY 10007-0130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
330 Kilbourn Wisconsin Realty LP
—
Deed
related
$4,680,000 · Voya Investment Management LLC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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