Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space Available Title is generated by Realmo AI

    1135-1139 S 70th St, West Allis, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newly renovated office space with cream city brick interior.

    Type:OFFICE
    Property size:
    2,000 SF
    Lot size:
    1.23 Acres
    Added:
    Jul 27, 2021
    Days on Market:
    1753
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 1135-1139 S 70th St

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    1.23 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1135-1139 S 70th St Contact us

    We can help!

    Listing Contact
    Jim Cavanaugh
    Jim Cavanaugh

    Listing agent Jim Cavanaugh

    Listing office Cushman & Wakefield | Boerke

    Listing date Jul 27, 2021

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Boerke

    HighLights

    • Cream City Brick Interior
    • Newly Renovated Lobby
    • Part of Allis Yards - 70th Street Corridor Redevelopment
    • Redevelopment by Cobalt Partners
    • Convenient Location
    • Minutes from I‑94

    Overview

    This office space features a cream city brick interior and a newly renovated lobby. The property is part of the Allis Yards redevelopment project along the 70th Street Corridor by Cobalt Partners. Its location provides convenient access, being just minutes away from I-94. The property offers 2,000 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0167
    Latitude
    43.0169

    Nearby Similar for Lease

    • Contact for pricing

      WI, West Allis – West National Avenue

      10150 National Ave, Unit Milwaukee, West Allis, WI 53227
      View Details
    • Sponsored
      Contact for pricing

      WI, West Allis - W Lincoln Ave

      10920 Lincoln Ave, Unit D, West Allis, WI 53227
      View Details
    • $19 SF/Yr

      West Allis Office Space Available

      Office space for lease in West Allis, Wisconsin.
      10150 W National Ave, West Allis, WI
      View Details
    • $18 SF/Yr

      West Allis Office Space

      Office space for lease in West Allis, Wisconsin.
      6609-6775 W Washington St, West Allis, WI
      View Details
    • $19 SF/Yr

      West Allis Office Space Available

      Office space for rent with freeway access and building signage.
      2514 S 102nd St, West Allis, WI
      View Details
    • Contact for pricing

      West Allis Retail Portfolio

      Two tenant-occupied retail buildings near Hwy 100 and I-41.
      9633-9635 W Greenfield Ave, West Allis, WI
      View Details
    • Contact for pricing

      Retail Space on West Greenfield

      Retail spaces available for lease on West Greenfield Avenue.
      6702-6852 West Greenfield Avenue | West Allis, WI 53214
      View Details
    • Contact for pricing

      West Allis Office Space Available

      Up to 40,000 SF office space for rent.
      2448 South 102nd Street, West Allis, WI, 53227
      View Details
    • Contact for pricing

      Equipped Dental Practice Ready

      Fully equipped dental practice in a dense residential neighborhood.
      8801 W National Ave, West Allis, WI
      View Details
    • $15 SF/Yr

      West Allis Office Space Available

      Office space for lease near 108th St retail.
      11038 W National Ave, West Allis, WI
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with high visibility and access in West Allis.
      7500-7552 W Oklahoma Ave, West Allis, WI
      View Details
    • $20 SF/Yr

      West Allis Warehouse and Office

      Warehouse and office space with great access to major highways.
      1540 S 108th St, West Allis, WI
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office space with cream city brick interior.
    Where is this office units located?
    The property is located at 1135-1139 S 70th St West Allis, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Cream City Brick Interior; Newly Renovated Lobby; Part of Allis Yards - **70th Street Corridor Redevelopment**
    (414) 253-3950 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Cavanaugh
    Jim Cavanaugh
    Learn More
    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.
    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
    1135-1139 S 70th St, West Allis, WI
    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!