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Property profile & analytics
OFF-MARKET Estimated value $3,660,000
Outlet malls

5825 Hope Ave Milwaukee, WI 53216-1275

161,022 SF 15.23 ac lot Built 2001
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-3456230
Property summary
AI-generated overview

This exceptional 161,022 square-foot retail property, formerly a Walmart, presents a significant investment opportunity in Milwaukee, Wisconsin. Located at 5825 W Hope Ave, within the Midtown Center, this single-tenant building boasts a prime location along Capitol Drive, between Fond du Lac Avenue and 60th Street, in a densely populated area. Constructed in 2002, the property features three loading docks, a four-bay auto/truck service center, and a generous 240-space surface parking lot. The building offers a clear ceiling height of 18-21 feet, providing ample space for various retail uses. The property is zoned RB2 - Regional Business Commercial Business, and some use restrictions exist as part of the Midtown Center's overall regulations. This substantial space offers high visibility and accessibility, making it ideal for a variety of large-format retail businesses. Its strategic location within a thriving commercial area ensures significant foot traffic and potential for strong returns. The property's size and amenities make it a rare find in the Milwaukee market. Serious inquiries are encouraged to explore the possibilities of this unique investment opportunity. Further details regarding the use restrictions are available upon request. The property is situated in Milwaukee County, Wisconsin, with a zip code of 53216.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2001
Total area 161,022 SF
Lot 15.23 ac (663,549 SF)
Zoning code RB2
APN 249-0841-000
UPID US92-3456230
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
  • Green Mountain Dent Repair Auto Repair Shop
  • SUBWAY®Restaurants Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.66M
Owner & transaction history
Afs Milwaukee LLC · 4 yrs held
Afs Milwaukee LLC
since 2022
Last sale
$3.3M
7 recorded transactions
2022
Price N/A
2022
$3.3M
2020
Price N/A
2014
$47.2M
2005
$53.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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