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    Ned Purtell, Ccim, Milwaukee, WI

    License ID: 9052622
    Founders 3 Real Estate Service
    Association
    Commercial Association Of Realtors Wisconsin

    Service Locations

    Contact details

    Phone:
    (414) 801-3999
    Office Address:
    330 E Kilbourn Ave Ste 800, Milwaukee, WI, 53202

    Performance

    Listings
    54

    Listings

    For Sale (8)

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    • $2,000,000
      5,807 SF

      Prime Redevelopment Opportunity on Port

      Boutique retail office location with high visibility and traffic.
      11920-11924 N Port Washington Rd, Mequon, WI 53092
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    • Contact for pricing

      Menomonee Falls Land Opportunity

      Commercial land with freeway access and build to suit options.
      Executive Pkwy, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Commercial Land with Freeway Access

      Land with excellent visibility and freeway access in Menomonee Falls.
      Executive Pkwy & Main St, Menomonee Falls, WI
      View Details
    • $1,600,000
      7,292 SF

      Class A Office Building

      Two-story office building with detached garage and river views.
      10922 N Cedarburg Rd, Mequon, WI 53092
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    • $180,000
      7,098 SF

      Land by Milwaukee River

      Tranquil land with development potential near Mequon Road.
      10950 N Cedarburg Rd, Mequon, WI 53092
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    • Contact for pricing

      Land For Sale

      6 acres of land available.
      N19 Riverwood Dr, Pewaukee, WI 53188
      View Details
    • Contact for pricing
      47,000 SF

      Walker's Point Leased Commercial Property

      Fully leased commercial property in Milwaukee's Walker's Point neighborhood.
      647 W Virginia St, Milwaukee, WI 53204
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    • Contact for pricing
      5,781 SF

      Third Ward Loft Office Condo

      Rare office condo in prime Third Ward location for rent.
      311 E Chicago St, Milwaukee, WI 53202
      View Details

    For Lease (46)

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    • Contact for pricing

      Retail Spaces Available For Rent

      Retail and office spaces available in Milwaukee, ranging in size.
      222 East Erie St, Milwaukee, WI 53202
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    • Contact for pricing

      Brookfield Office Spaces Available

      Office spaces available for rent in Brookfield, Wisconsin.
      13555 Bishops Ct, Brookfield, WI 53005
      View Details
    • $24 SF/Yr
      9,080 SF

      Redeveloped Bayshore Retail and Dining

      Redevelopment includes retail, dining, housing, and community activation.
      401-555 W Northshore Dr, Glendale, WI
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    • $14 SF/Yr
      1,233 SF

      High-Profile Office Space Available

      Office space in high-traffic Mequon location with ample parking.
      1339-1341 W Mequon Rd, Mequon, WI 53092
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    • $14 SF/Yr
      15,129 SF

      Class A Office Space

      240,000 SF office building in downtown Milwaukee.
      648 N Plankinton Ave, Milwaukee, WI 53203
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    • $19 SF/Yr
      1,822 SF

      Glendale Office Space Available

      Office space for rent with excellent highway access and visibility.
      5150 N Prt Washington Rd, Glendale, WI
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    • $19 SF/Yr
      2,000 SF

      West Allis Office Space Available

      Office space for rent with freeway access and building signage.
      2514 S 102 St, West Allis, WI
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    • $16 SF/Yr
      34,650 SF

      Connected Seven-Story Office Buildings

      Two connected seven-story office buildings with flexible layouts.
      507-525 E Michigan St, Milwaukee, WI 53203
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    • $24 SF/Yr
      3,044 SF

      Redevelopment Opportunity in Bayshore

      Retail and dining spaces available in a redeveloping open-air center.
      400-500 W Silver Spring Dr, Glendale, WI 53217
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    • $18 SF/Yr
      9,409 SF

      Downtown Office Space for Rent

      Prime downtown Milwaukee office space with convenient freeway and transit access.
      555 N Plankinton Ave, Milwaukee, WI 53203
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    • $12 SF/Yr
      4,830 SF

      Renovated Retail Space Available

      Retail space with planned renovations near Riverwalk and Public Market.
      214-228 E Erie St, Milwaukee, WI 53202
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    • Contact for pricing
      250,000 SF

      Class A Office Development

      New Class A office development in Milwaukee's Arena District.
      420 W Juneau Ave, Milwaukee, WI 53202
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    • $17 SF/Yr
      2,155 SF

      Downtown Milwaukee Office Space

      Office space for rent in the heart of downtown Milwaukee.
      825 N Jefferson St, Milwaukee, WI 53202
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    • $12 SF/Yr
      7,479 SF

      Pewaukee Office Space For Rent

      Office space with excellent I-94 access and ample parking.
      23233 Stone Rdg Dr, Pewaukee, WI
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    • $16 SF/Yr
      10,500 SF

      Milwaukee's Premier Mixed-Use Destination

      Dynamic hub for work, dining, and thriving in Milwaukee.
      301 W Wisconsin Ave, Milwaukee, WI 53202
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    • $16 SF/Yr
      22,990 SF

      Milwaukee CBD Commercial Space Available

      Prime commercial space in Milwaukee's central business district.
      1000-1040 N Water St, Milwaukee, WI 53204
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    • Contact for pricing
      2,449 SF

      Wauwatosa Office Space for Rent

      Office space in Milwaukee County Research Park available for lease.
      10501 W Research Dr, Wauwatosa, WI 53226
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    • $21 SF/Yr
      7,408 SF

      Office Space Near Mayfair Mall

      Office space for rent in excellent location near Mayfair Mall.
      2323 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing
      10,000 SF

      Tannery Campus Retail/Office Opportunity

      Retail or office space for rent in Milwaukee's Walker’s Point.
      640 W Virginia St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      31,378 SF

      Prime Office Space in Milwaukee

      Office space with amenities and convenient freeway access.
      125 S 84Th St, Milwaukee, WI 53214
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    • Contact for pricing
      2,683 SF

      Class A Office Building

      Class A office building with high visibility and accessibility.
      10521 W Layton Ave, Greenfield, WI 53228
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    • Contact for pricing
      38,000 SF

      Brookfield Office Space Near Mall

      Office space near Brookfield Square Mall with freeway visibility.
      440 S Executive Dr, Brookfield, WI 53005
      View Details
    • Contact for pricing
      3,540 SF

      Prime Office Space Near I-94

      Convenient office space with amenities and easy freeway access.
      115 S 84Th St, Milwaukee, WI 53214
      View Details
    • Contact for pricing
      1,881 SF

      Prime Office Space in Milwaukee

      Office space with amenities and convenient freeway access.
      9000 W Chester St, Milwaukee, WI 53214
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    • Contact for pricing
      3,831 SF

      Brookfield Office Space For Rent

      Office space near Brookfield Square Mall with I-94 visibility.
      400 S Executive Dr, Brookfield, WI 53005
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    • Contact for pricing
      1,656 SF

      Class A Office Building

      Class A office building with I-94 access and signage.
      24130 Riverwood Dr, Waukesha, WI 53146
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    • $12 SF/Yr
      4,638 SF

      Modern Office Space in Milwaukee

      Renovated office space with modern amenities in central Milwaukee.
      250 E Wisconsin Ave, Milwaukee, WI 53202
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    • $12 SF/Yr
      2,039 SF

      Wauwatosa Office Space For Rent

      Office space for rent near Mayfair Mall with parking.
      2675 N Mayfair Rd, Wauwatosa, WI 53226
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    • $16 SF/Yr
      3,091 SF

      Historic Brick & Beam Office

      Seven-story brick and beam office building with modern amenities.
      600 W Virginia St, Milwaukee, WI 53204
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    • $14 SF/Yr
      5,461 SF

      Class A Mixed-Use Office

      240,000 SF Class A mixed-use office in downtown Milwaukee.
      600 N Plankinton Ave, Milwaukee, WI 53203
      View Details
    • $19 SF/Yr
      1,350 SF

      West Allis Office Space Available

      Office space for lease in West Allis, Wisconsin.
      10150 W National Ave, West Allis, WI 53227
      View Details
    • $19 SF/Yr
      11,099 SF

      Hartland Office Space For Rent

      Office space in Lake Country with easy highway access.
      515 North Shore Dr, Hartland, WI 53029
      View Details
    • $16 SF/Yr
      3,115 SF

      Historic Brick & Beam Office

      Seven-story office building with modern amenities and striking city views.
      700 W Virginia St, Milwaukee, WI 53204
      View Details
    • Contact for pricing
      1,546 SF

      Brookfield Office Space for Lease

      Office space in wooded setting near Brookfield Square Mall.
      330 S Executive Dr, Brookfield, WI 53005
      View Details
    • Contact for pricing
      1,105 SF

      Mequon Office Space For Rent

      Office space in Mequon with planned updates and ample parking.
      12075 Corporate Pkwy, Mequon, WI 53092
      View Details
    • Contact for pricing

      Hartland Office Space For Lease

      Office space available for lease in Hartland, Wisconsin.
      515 N Shore Dr, Hartland, WI 53029
      View Details
    • Contact for pricing

      Waukesha Office Suites Available

      Office suites available for rent in Waukesha, Wisconsin.
      N19 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Historic Brick & Beam Building

      Seven-story brick and beam building in Walker's Point.
      600 W Virginia St, Milwaukee, WI 53204
      View Details
    • Contact for pricing

      Office and Land Spaces Available

      Office spaces and land available for rent in Menomonee Falls.
      Swc Executive Pkwy & Main St, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Brookfield Office Spaces Available

      Office spaces available, ranging from 956 to 13,310 SqFt.
      330 S Executive Dr, Brookfield, WI 53005
      View Details
    • $20 SF/Yr
      1,699 SF

      Office Space with Fitness Center

      Office space featuring private offices, conference room, and fitness center.
      13555 Bishops Ct, Brookfield, WI 53005
      View Details
    • $22 SF/Yr
      13,064 SF

      Class A Office Space

      Downtown Milwaukee Class A office space for rent.
      1400 W Water St, Milwaukee, WI 53202
      View Details
    • $16 SF/Yr
      7,274 SF

      Milwaukee's Premier Mixed-Use Destination

      Dynamic Milwaukee hub for work, dining, apartments, and innovation.
      275 W Wisconsin Ave, Milwaukee, WI 53203
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease in Milwaukee, Wisconsin.
      125 S 84Th St, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 115 S 84th St, Milwaukee.
      115 S 84Th St, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Milwaukee, Wisconsin.
      9000 W Chester St, Milwaukee, WI 53214
      View Details

    Leases and Sales on Map

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    Ned Purtell, Ccim, Milwaukee, WI
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    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.

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