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Property profile & analytics
FOR SALE
Warehouses
424 W Cherry St Milwaukee, WI 53212
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-1061698
For Sale
1 / 3
$3,300,000
424 W Cherry St, Milwaukee, WI 53212
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Total area
46,767 SF
Lot
2.06 ac (89,821 SF)
Zoning code
IL2
APN
361-0212-115
UPID
US92-1061698
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
-
Transit Express Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.81M
Owner & transaction history
MSJD PROPERTIES LLC
MSJD PROPERTIES LLC
Zoning & alternative use
IL2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.4M
+121.3%
Office building
$3.7M
+88.5%
Commercial (general)
$3.6M
+80.5%
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%
$3,445,000
6.5%
$3,180,000
7%
$2,955,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,350,000
Change: +121% · Conversion: Moderate
OFFICE BUILDING
$3,705,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,550,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±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
$60 / 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
$42,875
Tax year 2022
Assessed value
$1,800,700
Assessed 2022
Previous assessed
$1,800,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$916,300
Assessed improvement
$884,400
Land market value
$916,300
Improvement market value
$884,400
Total market value
$1,800,700
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 Sale
Year built
1925
Cooling
YES
Stories
2
Units
7
Total area
46,767 SF
Lot
2.06 ac (89,821 SF)
Zoning code
IL2
APN
361-0212-115
UPID
US92-1061698
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1925
Cooling
Yes
Stories
2
Units
7
Lot
2.06 ac
Current owner
From public records · entity-resolved
MSJD PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1660 N PROSPECT AVE UNIT #2606, MILWAUKEE, WI 53202-2487
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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