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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Warehouses
4950 6th St Milwaukee, WI 53221-3661
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0014452
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
83,800 SF
Lot
4.09 ac (178,204 SF)
Zoning code
IL1
APN
626-0026-121
UPID
US92-0014452
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
-
First Industrial Real Estate Agency
-
DHL SUPPLY CHAIN LOGISTICS Logistics Company Freight Service
-
Henkel Corp. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.17M
Owner & transaction history
Gott Real Estate LLC · 5 yrs held
Gott Real Estate LLC
since 2020
Last sale
$9.2M
5 recorded transactions
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.1M
+212.0%
Restaurant
$10.7M
+135.5%
Auto repair, garage
$10.0M
+120.9%
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
$9,075,000
ML approach
$9,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,125,000
Change: +212% · Conversion: Difficult
RESTAURANT
$10,655,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,995,000
Change: +121% · Conversion: Easy
RETAIL STORES
$9,020,000
Change: +99% · Conversion: Moderate
MEDICAL BUILDING
$8,625,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,795,000
Change: +72% · Conversion: Moderate
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $9.20M (Aug 25 2020)
Last sale anchor
$9.20M
Aug 25 2020
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
$109 / 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
$58,104
Tax year 2022
Assessed value
$2,440,300
Assessed 2022
Previous assessed
$2,440,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,990,300
Land market value
$450,000
Improvement market value
$1,990,300
Total market value
$2,440,300
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
1980
Heating
YES
Stories
1
Units
1
Total area
83,800 SF
Lot
4.09 ac (178,204 SF)
Zoning code
IL1
APN
626-0026-121
UPID
US92-0014452
Jurisdiction
MILWAUKEE
Zoning & alternative use
IL1 · Milwaukee, WI
Zoning IL1 · permitted uses
IL1 · 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
COMMERCIAL (GENERAL)
Est. value
$14.1M
RESTAURANT
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$10.0M
RETAIL STORES
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
YES
Stories
1
Units
1
Lot
4.09 ac
Current owner
From public records · entity-resolved
Gott Real Estate LLC
Entity
Mailing address
1390 E BOLIVAR AVE, ST FRANCIS, WI 53235-4506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2020
$9,200,000
Gott Real Estate LLC
Mlg Pf Airport Portfolio LLC
Grant Deed
$9,200,000 · Gottsacker P A & 1999 Tr (rt)
Aug 31, 2018
—
Mlg Pf Airport Portfolio LLC
—
Grant Deed
related
$5,000,000 · Associated Bk
Jun 13, 2016
$8,500,000
Mlg Pf Airport Portfolio LLC
First Industrial LP
Special Warranty Deed
—
Aug 31, 2012
—
First Indl LP
—
Grant Deed
related
$63,912,300 · Miscellaneous Ins Co
Apr 4, 2005
$6,382,100
First Industrial
Jh Properties
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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