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Property profile & analytics
OFF-MARKET
Estimated value
$34,600,000
Office buildings
833 Michigan St Milwaukee, WI 53202-5618
Entity Owned
~
Est. High Equity
Property ID
US92-2017860
Property summary
AI-generated overview
Located in the heart of Milwaukee, Wisconsin, 833 East Michigan Street offers exceptional Class A office space. This eighteen-story building boasts a total of 358,000 square feet, with multiple tenancy options available. Individual suites range from a minimum of 2,744 square feet to a maximum contiguous space of 7,342 square feet, providing flexibility for businesses of various sizes. Currently, there are 18,357 square feet of vacant space ready for immediate occupancy. The building features attractive 9' to 6' ceiling heights, creating a spacious and modern work environment. Its prime location in Milwaukee County, with the address 833 E Michigan St, Milwaukee, WI 53202, ensures easy access to major transportation routes and amenities. The building is categorized as both Executive Office and Traditional Office space, catering to a wide range of business needs. This is an excellent opportunity to secure high-quality office space in a desirable Milwaukee location. Contact us today to learn more about available suites and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
362,007 SF
Lot
1.02 ac (44,344 SF)
Zoning code
C9F(A)
APN
396-0491-000
UPID
US92-2017860
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
-
Paycom Milwaukee (Bike/Boat/Book/etc) Store Corporate Office
-
Microsoft Corporation Corporate Office
-
Car's Cash For Junk Clunkers Car Dealership
-
First American Title Insurance Company - National Commercial Services Title Company Escrow Service
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.60M
Owner & transaction history
833 East Dp Delaware LLC
833 East Dp Delaware LLC
since 2025
2 recorded transactions
Zoning & alternative use
C9F(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$47.2M
+40.5%
Restaurant
$46.0M
+36.9%
Auto repair, garage
$43.2M
+28.4%
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
OFFICE BUILDING
$33,620,000
Current use
COMMERCIAL (GENERAL)
$47,230,000
Change: +40% · Conversion: Easy
RESTAURANT
$46,035,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,180,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$37,265,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$33,680,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$34.60M
Range $31.14M – $38.06M · ±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
$96 / 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
$6,703,698
Tax year 2022
Assessed value
$90,449,600
Assessed 2022
Previous assessed
$89,485,100
+1.1% YoY
Effective rate
7.41%
On assessed value
Assessed land
$5,321,900
Assessed improvement
$85,127,700
Land market value
$5,321,900
Improvement market value
$85,127,700
Total market value
$90,449,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
YES
Stories
18
Units
28
Total area
362,007 SF
Lot
1.02 ac (44,344 SF)
Zoning code
C9F(A)
APN
396-0491-000
UPID
US92-2017860
Jurisdiction
MILWAUKEE
Zoning & alternative use
C9F(A) · Milwaukee, WI
Zoning C9F(A) · permitted uses
C9F(A) · 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
OFFICE BUILDING Current
Est. value
$33.6M
COMMERCIAL (GENERAL)
Est. value
$47.2M
RESTAURANT
Est. value
$46.0M
AUTO REPAIR, GARAGE
Est. value
$43.2M
MEDICAL BUILDING
Est. value
$37.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Heating
NONE
Cooling
Yes
Stories
18
Units
28
Lot
1.02 ac
Current owner
From public records · entity-resolved
833 East Dp Delaware LLC
Entity
Mailing address
833 E MICHIGAN ST STE #400, MILWAUKEE, WI 53202-5619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
833 East Dp Delaware LLC
—
Deed
related
$82,156,000 · Pgim Real Estate Us Debt Fund Seller V L
Dec 26, 2017
—
833 East Dp Delaware LLC
—
Grant Deed
related
$80,000,000 · Pgim R/e Us Debt Fund Reit LLC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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