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Property profile & analytics
OFF-MARKET Estimated value $3,950,000
Warehouses

505 Capitol Dr Milwaukee, WI 53212-1303

58,709 SF 2.45 ac lot Built 1952
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1115686
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1952
Total area 58,709 SF
Lot 2.45 ac (106,766 SF)
Zoning code IL2
APN 274-0341-000
UPID US92-1115686
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
  • U-Haul Moving & Storage at Capitol Dr Storage Facility
  • Truck Sales at U-Haul Car Dealership
  • Propane Refill at U-Haul Truck Rental Agency Propane Supplier
  • Self-Storage at U-Haul Storage Facility
  • Moving Supplies at U-Haul Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.59M
Blend (final) Blend
$3.95M
Owner & transaction history
Twenty-four Sac Self-storage L · 14 yrs held
Twenty-four Sac Self-storage L
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
IL2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…

Zone name Industrial Light
General category INDUSTRIAL
Source Master V2
Top alternative use upside
Medical building $6.0M +144.9%
Neighborhood: shopping center $5.5M +121.3%
Office building $4.7M +88.5%
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