Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Warehouses
7020 Parkland Ct Milwaukee, WI 53223-4027
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-3493236
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
120,879 SF
Lot
5.98 ac (260,315 SF)
Zoning code
IL1
APN
082-0012-000
UPID
US92-3493236
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.75M
Blend (final)
Blend
$5.41M
Owner & transaction history
Parkland 7020 LLC · 5 yrs held
Parkland 7020 LLC
since 2021
Last sale
$4.4M
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
$5,655,000
ML approach
$5,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,355,000
Current use
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±10% · vs last sale $4.35M (Mar 4 2021)
Last sale anchor
$4.35M
Mar 4 2021
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
$45 / 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
$95,442
Tax year 2022
Assessed value
$3,404,600
Assessed 2022
Previous assessed
$3,404,600
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$343,000
Assessed improvement
$3,061,600
Land market value
$343,000
Improvement market value
$3,061,600
Total market value
$3,404,600
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
1979
Heating
YES
Units
1
Total area
120,879 SF
Lot
5.98 ac (260,315 SF)
Zoning code
IL1
APN
082-0012-000
UPID
US92-3493236
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.4M
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
1979
Heating
YES
Units
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Parkland 7020 LLC
Entity
Mailing address
7025 W MARCIA RD, MILWAUKEE, WI 53223-3359
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
—
Parland 7020 LLC
—
Deed
related
$1,770,000 · Wbd INC
Mar 4, 2021
$4,350,000
Parkland 7020 LLC
Empower Properties LLC
Warranty Deed
$2,184,000 · Citizens Bank
Mar 4, 2021
—
Parkland 7020 LLC
—
Deed
related
$1,747,200 · Citizens Bank
Apr 29, 2019
—
Empower Properties LLC
—
Deed
related
$500,000 · Johnson Bank
Oct 23, 2015
$3,550,000
Empower Properties LLC
Ws 7020 Parkland LLC
Grant Deed
—
Oct 22, 2015
$3,450,000
Ws 7020 Parkland LLC
7020 Parkland Milwaukee L Mlrp
Grant Deed
—
Sep 11, 2007
—
Mlrp 7020 Parkland Milwaukee L
—
Grant Deed
related
$39,870,000 · Miscellaneous Ins Co
Jun 1, 2007
$6,299,100
Mlrp 7020 Parkland Milwaukee L
Centerpoint Properties Trust
Grant Deed
—
—
—
Mlrp 7020 Parkland Milwaukee L
—
Loan Modification
related
—
—
—
Mlrp 7020 Parkland Milwaukee L
—
Deed Of Trust
related
$18,750,000 · Privatebank & Tr
—
—
Mlrp 7020 Parkland Milwaukee L
—
Deed Of Trust
related
$4,090,000 · Miscellaneous Ins Co
—
—
Mlrp 7020 Parkland Milwaukee L
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7020 Parkland Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
