Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    912 1st St Milwaukee, WI 53204
    Back to Search
    Property profile & analytics

    912 1st St, Milwaukee, WI 53204

    View on Map
    • Parking lots & garages
    • 0.22 lot acres
    Off-Market
    Last Sale Aug 1, 2024
    $1,300,000
    Property ID
    US92-0365775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,300,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 912 1st St

    Lot size
    0.22 lot acres
    Zone code
    IM
    Property type
    Parking lots & garages
    APN
    431-0967-000
    APU
    4310967000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2024 $1,300,000 Marisol Santos LLC Zarate Holdings LLC Warranty Deed $1M · State Bank Of Chilton
    Feb 24, 2022 — Zarate2010 Limited Liability Compan Jose Zarate Intrafamily Transfer · related —
    Jan 21, 2022 — Jose Zarate 2nd Street Properties LLC Quit Claim Deed · related —
    Feb 7, 2017 $76,700 2nd Street Properties LLC Zarate 3 LLC Quit Claim Deed · related —
    Mar 3, 2010 $20,000 Zarate 3 LLC Robert Smith Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9108
    Latitude
    43.0219
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,807
    $75,700
    $200
    $75,900
    -
    $75,700
    $200
    $75,900

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      628 6th St

      PARKING LOT
      628 6th St, Milwaukee, WI 53204-1524
      View Details
    • Value Estimation by Request
      0.34 Acres

      1205 19th St

      PARKING LOT
      1205 19th St, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      0.15 Acres

      420 3rd St

      PARKING LOT
      420 3rd St, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      0.16 Acres

      1714 3rd St

      PARKING LOT
      1714 3rd St, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      0.41 Acres

      1718 1734th S 12th St, Unit 1734

      PARKING LOT
      1718 1734th S 12th St, Milwaukee, WI 53204-3314
      View Details
    • Value Estimation by Request
      0.08 Acres

      1716 1718th W Frst Home Ave

      PARKING LOT
      1716 1718th W Frst Home Ave, Milwaukee, WI 53204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,663 SF

      Redevelopment Opportunity: Theater Building

      Theater building for sale, great redevelopment opportunity.
      1122-1138 W Historic Mitchell St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      4,098 SF

      Walkers Point Retail/Office Condo

      First floor commercial condominium in Walkers Point for sale.
      1017 S 2Nd St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      30,252 SF

      Redevelopment Opportunity in Walker’s Point

      Two-story, 30,252 SF building on 0.65 acres for sale.
      523 W National Ave, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      4,800 SF

      Walker's Point Live/Work Opportunity

      Mixed-use property in Walker's Point, 4800 square feet.
      719 S 5Th St, Milwaukee, WI 53204
      View Details
    • $600,000
      26,960 SF

      Retail/Residential Building with Redevelopment Potential

      26,960 SF building in Opportunity Zone with redevelopment potential.
      1000-1006 West Historic Mitchell St, Milwaukee, WI 53204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Walker's Point Retail Space Available

      Prime location near restaurants, stores, and high-density area.
      1023-1027 S 5Th St, Milwaukee, WI 53204
      View Details
    • Contact for pricing

      Class A Brick-and-Timber Office

      Attractive office space in Walker’s Point, designed for smaller users.
      234 W Florida St, Milwaukee, WI 53204
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in Milwaukee, Wisconsin.
      211 W Mineral St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      2,462 SF

      Mixed-Use Property with Surface Parking

      Urban mixed-use property near major employers and high-traffic intersection.
      1320 S 1St St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      2,148 SF

      Retail Space Available For Rent

      2,148 SF retail space with shared loading dock.
      644 S 5Th St, Milwaukee, WI 53204
      View Details
    • Contact for pricing

      New Retail Space in Walker's Point

      Retail storefronts in new Timberlofts mixed-use development.
      300 W Florida St, Milwaukee, WI 53204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    912 1st St
    Milwaukee, WI 53204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    912 1st St, Milwaukee, WI, 53204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!