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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Warehouses
3841 Wisconsin Ave Milwaukee, WI 53208-3155
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US92-3499464
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1928
Total area
29,560 SF
Lot
1.93 ac (84,114 SF)
Zoning code
CS
APN
402-0912-000
UPID
US92-3499464
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
-
WRTP|BIG STEP Charitable Organization Social Service Agency
-
Triada Employment Services, LLC Employment Agency
-
TSA Precheck Office Fingerprinting Service
-
Simple Solutions Construction Company General Contractor
-
IdentoGO Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Wisconsin Regional Training Partner · 19 yrs held
Wisconsin Regional Training Partner
since 2006
6 recorded transactions
Zoning & alternative use
CS · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+46.7%
Retail stores
$1.9M
+17.6%
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%
$2,180,000
6.5%
$2,010,000
7%
$1,865,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,595,000
Current use
OFFICE BUILDING
$2,340,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,875,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$50 / 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
$111
Tax year 2022
Assessed value
$1,420,000
Assessed 2022
Previous assessed
$1,420,000
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$252,300
Assessed improvement
$1,167,700
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
1928
Heating
YES
Stories
2
Units
4
Total area
29,560 SF
Lot
1.93 ac (84,114 SF)
Zoning code
CS
APN
402-0912-000
UPID
US92-3499464
Jurisdiction
MILWAUKEE
Zoning & alternative use
CS · Milwaukee, WI
Zoning CS · permitted uses
CS · 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
$1.6M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1928
Heating
YES
Stories
2
Units
4
Lot
1.93 ac
Current owner
From public records · entity-resolved
Wisconsin Regional Training Partner
Individual
Mailing address
3841 W WISCONSIN AVE, MILWAUKEE, WI 53208-3155
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2006
$850,000
Wisconsin Regional Training Partner
Mark S Halaska
Warranty Deed
$840,000 · Us Bank NA
—
—
Wisconsin Regional Training
—
Deed Of Trust
related
$250,000 · Helen Bader Foundation INC
—
—
Wisconsin Regional Training Pt
—
Deed Of Trust
related
$1,043,000 · Forward Community Investments INC Forward Community Investments INC
—
—
Wisconsin Regional Training Pt
—
Deed Of Trust
related
$42,000 · Iff
—
—
Wisconsin Regional Training Pt
—
Deed Of Trust
related
$1,090,187 · Community Benefit Sub Cde 3 Ll
—
—
Wisconsin Regional Training
—
Deed Of Trust
related
$303,000 · Iff Wisconsin INC
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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