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Property profile & analytics
OFF-MARKET
Estimated value
$3,530,000
Warehouses
3530 3534th W Pierce St Milwaukee, WI 53215
Entity Owned
8-yr Hold
Free & Clear
Property ID
US92-0468864
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1920
Total area
45,222 SF
Lot
0.27 ac (11,883 SF)
Zoning code
IH
APN
436-0542-100
UPID
US92-0468864
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
$3.74M
Blend (final)
Blend
$3.53M
Owner & transaction history
AMERCO REAL EST CO
AMERCO REAL EST CO
Zoning & alternative use
IH · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+120.9%
Apartment house (5+ units)
$5.4M
+119.5%
Retail stores
$4.9M
+99.2%
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
WAREHOUSE, STORAGE
$2,440,000
Current use
AUTO REPAIR, GARAGE
$5,395,000
Change: +121% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,360,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$4,865,000
Change: +99% · Conversion: Moderate
MEDICAL BUILDING
$4,655,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,205,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$3,585,000
Change: +47% · Conversion: Difficult
RESTAURANT
$3,250,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±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
$78 / 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
$58,525
Tax year 2022
Assessed value
$2,458,000
Assessed 2022
Previous assessed
$2,458,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$11,900
Assessed improvement
$2,446,100
Land market value
$11,900
Improvement market value
$2,446,100
Total market value
$2,458,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
YES
Stories
5
Units
722
Total area
45,222 SF
Lot
0.27 ac (11,883 SF)
Zoning code
IH
APN
436-0542-100
UPID
US92-0468864
Jurisdiction
MILWAUKEE
Zoning & alternative use
IH · Milwaukee, WI
Zoning IH · permitted uses
IH · 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
$2.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
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
1920
Heating
YES
Stories
5
Units
722
Lot
0.27 ac
Current owner
From public records · entity-resolved
AMERCO REAL EST CO
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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