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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Industrial properties
8525 87th St Milwaukee, WI 53224-2429
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1238991
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1988
Total area
10,027 SF
Lot
1.72 ac (75,010 SF)
Zoning code
IL1
APN
042-0122-000
UPID
US92-1238991
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
-
Forester Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$725k
Owner & transaction history
Forester Property LLC · 3 yrs held
Forester Property LLC
since 2022
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+119.1%
Retail stores
$1.1M
+97.7%
Medical building
$1.0M
+89.1%
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
$785,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$545,000
Current use
AUTO REPAIR, GARAGE
$1,195,000
Change: +119% · Conversion: Easy
RETAIL STORES
$1,080,000
Change: +98% · Conversion: Moderate
MEDICAL BUILDING
$1,030,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $650k (Nov 17 2022)
Last sale anchor
$650k
Nov 17 2022
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
$72 / 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
$23,055
Tax year 2022
Assessed value
$968,300
Assessed 2022
Previous assessed
$968,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$86,100
Assessed improvement
$882,200
Land market value
$86,100
Improvement market value
$882,200
Total market value
$968,300
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
INDUSTRIAL PARK
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
10,027 SF
Lot
1.72 ac (75,010 SF)
Zoning code
IL1
APN
042-0122-000
UPID
US92-1238991
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
INDUSTRIAL (GENERAL) Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1988
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Forester Property LLC
Entity
Mailing address
8045 N GRN BAY RD, BROWN DEER, WI 53209-1619
Ownership since
2022
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
Nov 17, 2022
$650,000
Forester Property LLC
Nicolet Real Estate And Investment
Warranty Deed
$520,000 · Waterstone Bank Ssb
Jan 4, 2013
—
Nicolet Real Estate & Inv Corp
—
Grant Deed
related
$8,734,073 · Johnson 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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