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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Industrial properties
9400 9408th N 107th St Milwaukee, WI 53224
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-1431607
Property summary
AI-generated overview
This exceptional flex space, located at 9400 N 107th Street in Milwaukee County, offers a rare opportunity for businesses seeking versatile industrial space. The property boasts a total of 12,800 square feet, with 2,500 square feet currently vacant and immediately available for lease. Units are divisible down to a minimum of 450 square feet, with a maximum contiguous space of 2,050 square feet, providing flexibility for various business needs. The building, constructed in 1973, features a desirable 10-foot ceiling height, ideal for storage and various operational requirements. Three loading docks ensure efficient loading and unloading of goods. The property sits on a generous 4.09-acre lot, offering ample room for expansion or outdoor storage. The zoning is designated IO1. The Assessor's Parcel Number (APN) is 003-0171-000. Power specifications are to be verified (TBV). This is a multi-tenant building, providing a vibrant and collaborative environment. Don't miss this chance to secure prime industrial space in a desirable Milwaukee location. Contact us today to schedule a viewing and discuss your specific needs.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Total area
12,960 SF
Lot
4.09 ac (178,160 SF)
Zoning code
IO1
APN
003-0171-000
UPID
US92-1431607
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
-
Smith Brothers Demolition Construction Company General Contractor
-
AAB landscaping LLC Landscaping General Contractor
-
Skyline Development Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$520k
Owner & transaction history
Turner Investment Group LLC
Turner Investment Group LLC
since 2025
Last sale
$450,000
2 recorded transactions
Zoning & alternative use
IO1 · 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
$585,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $450k (Apr 2 2021)
Last sale anchor
$450k
Apr 2 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
$40 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$7,208
Tax year 2018
Assessed value
$278,600
Assessed 2018
Previous assessed
$302,000
-7.7% YoY
Effective rate
2.59%
On assessed value
Assessed land
$143,200
Assessed improvement
$135,400
Land market value
$142,914
Improvement market value
$158,483
Total market value
$301,397
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Stories
1
Total area
12,960 SF
Lot
4.09 ac (178,160 SF)
Zoning code
IO1
APN
003-0171-000
UPID
US92-1431607
Jurisdiction
MILWAUKEE
Zoning & alternative use
IO1 · Milwaukee, WI
Zoning IO1 · permitted uses
IO1 · 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.
Building & site characteristics
From public records
Stories
1
Lot
4.09 ac
Current owner
From public records · entity-resolved
Turner Investment Group LLC
Entity
Mailing address
5007 S HOWELL AVE STE #115, MILWAUKEE, WI 53207-6158
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 15, 2025
$650,000
Turner Investment Group LLC
Nlm Holdings 2 LLC
Special Warranty Deed
$520,000 · Educators Cu
Apr 2, 2021
$450,000
Nlm Holdings 2 LLC
Milweakee Investments LLC
Warranty Deed
$360,000 · Home Federal Savings Bank
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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