4704 47th St Greenfield, WI 53220-4802
Entity Owned
~
Est. High Equity
Estimated value (blended)
$745k
Range $671k – $820k (±10%)
Implied cap rate
8.60%
In-place · NOI ÷ last sale
Property ID
US92-0635746
Property summary
AI-generated overview
This Milwaukee industrial property, located at 4704 South 47th Street, offers 4,429 square feet of warehouse space, with 1,929 square feet currently vacant and immediately available for lease. The building features a desirable 16-foot ceiling height, perfect for various storage and operational needs. The property sits on a 0.23-acre lot and includes convenient amenities such as five total parking spaces and one drive-in door, ensuring efficient loading and unloading. The zoning designation is C2. The property's address is 4704 S 47th St, Milwaukee, WI 53220. This multi-tenant building presents a fantastic opportunity for businesses seeking flexible and functional warehouse space in a prime Milwaukee location. The property's Assessor's Parcel Number (APN) is 6200009001. The available space is ideal for a variety of uses, given its size and features. Interested parties should inquire promptly to secure this exceptional opportunity.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
5,218 SF
Lot
0.23 ac (10,019 SF)
APN
620-0009-001
UPID
US92-0635746
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$745k
Owner & transaction history
since 2025
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Apartment house (5+ units)
$1.0M
+4.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 21 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$745k
Value range
$671k – $820k
±10% around blend
Estimated value / SF
$143 / SF
Confidence
High
21 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$671k
blend $745k
$820k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,218 SF
Lot area
0.23 ac
Stories
4
APN
620-0009-001
Assessed value
$410,000
Annual tax
$11,398
3
Income approach: direct capitalization
Partial preview
Income approach indication
$985k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.07M
@ 6.5% CAP return
$985k
@ 7% CAP return
$915k
4
Sales comparison
Partial preview
Sales approach indication
$513k
Weighted, 20 comps · high confidence
Evidence
21 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 4,586 SF
4.0 mi away · 4,294 SF
4.3 mi away · 6,464 SF
4.5 mi away · 4,536 SF
4.5 mi away · 5,151 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$745k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$187
-23%
County 740 sales
$89
+60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $143/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+5%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 21 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$53k *
Last sale · Nov 2022
$750k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$610k
Move the market yield to see immediate price impact.
Value / SF
$117
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.10%8.60%9.10%
$47k
$583k
$549k
$519k
$53k
$648k
$610k
$577k
$58k
$713k
$672k
$635k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
21 found
High confidence · county-verified
Closest comparable
$925k
1.9 mi · Nov 2025 · $185/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,398
Tax year 2022
Assessed value
$410,000
Assessed 2022
Previous assessed
$410,000
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$100,200
Assessed improvement
$309,800
Total market value
$551,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
4
Total area
5,218 SF
Lot
0.23 ac (10,019 SF)
APN
620-0009-001
UPID
US92-0635746
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
4
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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