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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Warehouses
700 Water St Milwaukee, WI 53204-1650
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-1287673
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
113,280 SF
Lot
4.03 ac (175,416 SF)
Zoning code
IM
APN
429-0040-100
UPID
US92-1287673
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
-
CenterPointe Yacht Services LLC (Bike/Boat/Book/etc) Store
-
The Kitchen + Bar @ Wisconsin & Water Bar & Pub
-
Elly Gifts (Bike/Boat/Book/etc) Store
-
Slater Debra A Law Firm
-
Reed Street Yards Business Improvement District No. 49 District Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$4.08M
Owner & transaction history
100 East Propco LLC · 2 yrs held
100 East Propco LLC
since 2023
7 recorded transactions
Zoning & alternative use
IM · 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,120,000
Current use
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±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
$36 / 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
$71,120
Tax year 2022
Assessed value
$2,987,000
Assessed 2022
Previous assessed
$2,987,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$2,868,500
Assessed improvement
$118,500
Land market value
$2,868,500
Improvement market value
$118,500
Total market value
$2,987,000
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
1967
Heating
YES
Stories
1
Units
22
Total area
113,280 SF
Lot
4.03 ac (175,416 SF)
Zoning code
IM
APN
429-0040-100
UPID
US92-1287673
Jurisdiction
MILWAUKEE
Zoning & alternative use
IM · Milwaukee, WI
Zoning IM · permitted uses
IM · 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
$6.1M
WAREHOUSE, STORAGE Current
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
1967
Heating
YES
Stories
1
Units
22
Lot
4.03 ac
Current owner
From public records · entity-resolved
100 East Propco LLC
Entity
Mailing address
700 S WATER ST, MILWAUKEE, WI 53204-1650
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$28,750,000
100 East Propco LLC
Michael S Polsky
Deed
$16,670,000 · Waterstone Bank Ssb
Apr 27, 2017
—
Hertz Milwaukee 100 E Wisconsi
Cw Wisconsin Avenue LLC
Grant Deed
related
—
Aug 11, 2016
$4,600,000
Milwaukee Exchange LLC
700 North Water Tower LLC
Grant Deed
—
Jun 24, 2011
—
Haven Funds LLC
Motoryacht Ents INC
Deed In Lieu Of Foreclosure
related
—
Apr 2, 2010
—
Motoryacht Ents INC
—
Loan Modification
related
$4,766,000 · Johnson Bk
—
—
Haven Funds LLC
—
Deed Of Trust
related
$3,000,000 · Bmo Harris Bk NA
—
—
Motoryacht Ents INC
—
Loan Modification
related
$449,334 · Johnson Bk
—
—
Motoryacht Ents INC
—
Loan Modification
related
$4,766,000 · Johnson Bk
—
—
Motoryacht Ents INC
—
Deed Of Trust
related
$500,000 · North Shore 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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