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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Warehouses
5061 State St Milwaukee, WI 53208-2614
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-0484166
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1924
Total area
29,184 SF
Lot
1.98 ac (86,379 SF)
Zoning code
IH
APN
386-0225-000
UPID
US92-0484166
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
-
Signarama Milwaukee (Bike/Boat/Book/etc) Store Printing Service
-
Prime Digital Media Marketing & Advertising Advertising Agency
-
Imagine Branding (Bike/Boat/Book/etc) Store Printing Service
-
Storage On State Street Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Sar State Street LLC · 10 yrs held
Sar State Street LLC
since 2016
4 recorded transactions
Zoning & alternative use
IH · 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%
$2,150,000
6.5%
$1,985,000
7%
$1,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
OFFICE BUILDING
$2,310,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,855,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$51 / 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
$17,398
Tax year 2022
Assessed value
$730,700
Assessed 2022
Previous assessed
$730,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$99,200
Assessed improvement
$631,500
Land market value
$99,200
Improvement market value
$631,500
Total market value
$730,700
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
1924
Heating
YES
Stories
1
Units
3
Total area
29,184 SF
Lot
1.98 ac (86,379 SF)
Zoning code
IH
APN
386-0225-000
UPID
US92-0484166
Jurisdiction
MILWAUKEE
Zoning & alternative use
IH · Milwaukee, WI
Zoning IH · permitted uses
IH · 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
1924
Heating
YES
Stories
1
Units
3
Lot
1.98 ac
Current owner
From public records · entity-resolved
Sar State Street LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5061 W STATE ST, MILWAUKEE, WI 53208-2614
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2017
—
Sar State Street LLC
—
Deed
related
$667,000 · Westbury Bk
Jun 22, 2016
$700,000
Sar State Street LLC
5061 Property LLC
Warranty Deed
—
Jun 29, 2007
$700,000
5061 Property LLC
Frank R Shibilski
Warranty Deed
$3,092,767 · Tcf National Bank
—
—
Sar State Street LLC
—
Loan Modification
related
$667,000 · Westbury Bk
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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