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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Industrial properties
6540 Industrial Rd Milwaukee, WI 53223-5812
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US92-1010708
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1966
Total area
49,996 SF
Lot
3.75 ac (163,524 SF)
Zoning code
IL1
APN
140-0212-000
UPID
US92-1010708
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
-
Sellars Nonwovens Plant 1 Industrial Manufacturer Production Facility
-
SELLARS ABSORBENT MATERIALS- INDUSTRIAL Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.67M
Owner & transaction history
Sellars Absorbent Materials INC · 13 yrs held
Sellars Absorbent Materials INC
since 2013
7 recorded transactions
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$33 / 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
$34,136
Tax year 2022
Assessed value
$1,028,100
Assessed 2022
Previous assessed
$1,028,100
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$210,400
Assessed improvement
$817,700
Land market value
$210,400
Improvement market value
$817,700
Total market value
$1,028,100
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1966
Heating
YES
Stories
1
Total area
49,996 SF
Lot
3.75 ac (163,524 SF)
Zoning code
IL1
APN
140-0212-000
UPID
US92-1010708
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.
Building & site characteristics
From public records
Year built
1966
Heating
YES
Stories
1
Lot
3.75 ac
Current owner
From public records · entity-resolved
Sellars Absorbent Materials INC
Entity
Mailing address
6565 N 60TH ST, MILWAUKEE, WI 53223-5803
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
—
Sellars Absorbent Materials In
—
Deed
related
$38,600,000 · Huntington Nat'l Bk
Sep 26, 2019
—
Absorbent Materials INC
—
Deed
related
$35,702,762 · Firstmerit Bk
Jul 9, 2018
—
Sellars Absorbent Materials In
—
Loan Modification
related
$36,281,242 · Huntington Nat'l Bk
Jul 10, 2017
—
Sellars Absorbent Materials In
—
Deed
related
$36,244,026 · Huntington Nat'l Bk
Jul 25, 2016
—
Sellars Absorbent Materials In
—
Deed
related
$6,000,000 · Spell Cap Mezzanine Ptrs Sbi
May 2, 2016
—
Sellars Absorbent Materials In
—
Deed
related
$36,650,000 · Firstmerit Bk
Jun 20, 2013
$920,000
Sellars Absorbent Materials INC
Wisconsin Note Investors LLC
Special Warranty Deed
$7,000,000 · Spell Capital Mezzanine Partners Sbic LP
Jan 9, 2012
$925,000
Wisconsin Note Investors LLC
Absorbent Materials In Sellars
Grant Deed
—
Jun 5, 2006
—
Sellars Absorbent Materials In
—
Grant Deed
related
$18,461,424 · Varde Invs Ptrs
Mar 16, 2005
—
Sellars Absorbent Materials In
—
Grant Deed
related
$15,000,000 · Varde Invs Ptrs
Jan 25, 2000
$925,000
Absorbent Materials Sellars
Stamas,peter & Patricia M
Grant Deed
related
$1,250,000 · Firstar Bk/cedar Rapids
—
—
Absorbent Materials INC
—
Loan Modification
related
$35,702,762 · Firstmerit Bk
—
—
Sellars Absorbent Materials In
—
Deed Of Trust
related
$38,600,000 · Huntington Nat'l Bk
—
—
Sellars Absorbent Materials In
—
Loan Modification
related
$6,000,000 · Private Individual
—
—
Sellars Absorbent Materials In
—
Loan Modification
related
$36,650,000 · Firstmerit Bk
—
—
Sellars Absorbent Materials In
—
Loan Modification
related
—
—
—
Sellars Absorbent Materials In
—
Loan Modification
related
$36,244,026 · Huntington Nat'l Bk
—
—
Sellars Absorbent Materials In
—
Loan Modification
related
$2,000,000 · Varde Invs Ptrs
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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