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Property profile & analytics
OFF-MARKET Estimated value $22,900,000
Warehouses

5211 3rd St Milwaukee, WI 53207-6006

360,000 SF 14.6 ac lot Built 1973
Entity Owned 6-yr Hold Free & Clear
Property ID
US92-0116464
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 360,000 SF
Lot 14.6 ac (635,976 SF)
Zoning code IL1
APN 641-0172-100
UPID US92-0116464
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
  • Oshkosh Defense PDC Warehouse & Storage
  • JLG Industries Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.49M
Comparable Approach Comparable
$25.81M
Blend (final) Blend
$22.90M
Owner & transaction history
Bcore Corridor Milwaukee LLC · 6 yrs held
Bcore Corridor Milwaukee LLC
since 2020
Last sale
$21.5M
5 recorded transactions
2022
Price N/A
2020
$21.5M
2012
$12.6M
2004
$13.0M
2004
$1.4M
Zoning & alternative use
IL1 · 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 $37.1M +60.5%
Neighborhood: shopping center $33.5M +45.1%
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