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Property profile & analytics
OFF-MARKET Estimated value $600,000
Warehouses

8835 Heather Ave Milwaukee, WI 53224-2416

11,313 SF 1.92 ac lot Built 1993
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US92-1011548
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Total area 11,313 SF
Lot 1.92 ac (83,635 SF)
Zoning code IL1
APN 042-0162-000
UPID US92-1011548
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
  • Soles for Jesus, Inc. Charitable Organization
  • W H Jacklin Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
$839k
Blend (final) Blend
$600k
Owner & transaction history
Adriana Properties LLC · 5 yrs held
Adriana Properties LLC
since 2021
Last sale
$1,875
3 recorded transactions
2021
$625,000
2009
Price N/A
1969
Price N/A
Zoning & alternative use
IL1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…

Zone name Industrial Light
General category INDUSTRIAL
Source Master V2
Top alternative use upside
Commercial (general) $980,000 +60.6%
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