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Property profile & analytics
OFF-MARKET
Warehouses
3460 Leeds Pl Milwaukee, WI 53215-2848
Individually Owned
7-yr Hold
Free & Clear
Property ID
US92-1169127
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Lot
4.96 ac (216,275 SF)
Zoning code
IL2
APN
493-0032-000
UPID
US92-1169127
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Milwaukee Metro Sewerage Distr · 7 yrs held
Milwaukee Metro Sewerage Distr
since 2019
7 recorded transactions
Zoning & alternative use
IL2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$111
Tax year 2022
Assessed value
$218,000
Assessed 2022
Previous assessed
$218,000
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$217,900
Assessed improvement
$100
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
Off-Market
Year built
1940
Heating
NONE
Stories
1
Units
2
Lot
4.96 ac (216,275 SF)
Zoning code
IL2
APN
493-0032-000
UPID
US92-1169127
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.
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Stories
1
Units
2
Lot
4.96 ac
Current owner
From public records · entity-resolved
Milwaukee Metro Sewerage Distr
Individual
Free & Clear · 7 yrs held
Mailing address
260 W SEEBOTH ST, MILWAUKEE, WI 53204-1446
Ownership since
2019
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
Jun 11, 2019
—
Milwaukee Metro Sewerage Distr
Dion-simon Investments LLC
Warranty Deed
—
Feb 18, 2019
—
Dion-simon Investments LLC
Steve & Joy Leasing LLC
Warranty Deed
—
Jan 29, 2019
—
Dion Simon Investments LLC
—
Deed
related
$226,000 · Park Bank
Sep 7, 2016
—
Ld Acquisition Company 9 LLC
—
Deed
related
$116,600,000 · Deustsche Bank Trust Company Americas
Dec 30, 2014
—
Ld Acquisition Co 9 LLC
—
Loan Modification
related
$390,000,000 · Suntrust Bk
Aug 1, 2014
$275,000
Dion-simon Investments LLC
Steve & Joy Leasing LLC
Dual Purpose Document
related
$254,842 · Steve & Joy Leasing LLC
Mar 21, 2013
$230,000
Steve & Joy Leasing LLC
Schneider Fuel & Supply Co
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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