Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400-500 W Silver Spring Dr Glendale, WI 53217

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and dining spaces available in a redeveloping open-air center.

    Property size:
    3,044 SF
    Lot size:
    38.04 Acres

    Property Features for 400-500 W Silver Spring Dr

    General Information

    Size
    3,044 SF
    Lot size
    38.04 Acres

    We can help!

    Listing Contact
    Ned Purtell
    Ned Purtell
    Source: Moodyscre

    Listing Agency: Founders 3 Real Estate Services - Corporate Listing Agent: Ned Purtell

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

    Learn more

    Overview

    Redevelopment Opportunity in Bayshore

    Bayshore is undergoing a $75 million redevelopment to introduce unique retail and dining experiences, catering to the affluent north shore communities of Milwaukee, including Glendale, Whitefish Bay, Fox Point, and Shorewood. The redevelopment plan involves demolishing the enclosed mall and relocating popular tenants to the open-air lifestyle portion of the center. Luxury housing will be added along the northern and eastern perimeter to enhance the neighborhood and increase residential density. Further additions include hospitality and medical services, alongside a rejuvenated Town Center plaza for year-round community activities. Existing tenants include Trader Joe’s, Apple, Uncle Dan’s, and Devon Seafood Grill. The available property offers 20,515 square feet of space and is suitable for office, retail, and shopping center uses.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9051022
    Latitude
    43.1187941

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Bayshore Town Center

      Discover many ways to work your way in Bayshore Town Center
      500 Silver Spring Dr, Glendale, WI 53217
      View Details
    • $15 SF/Yr
      133,722 SF

      Restored Landmark Office Space

      Architecturally significant office building in Glendale, Wisconsin.
      4425 North Port Washington Rd, Glendale, WI 53212
      View Details
    • $23 SF/Yr
      49,093 SF

      Glendale Office Building For Rent

      Office building in Glendale, Wisconsin, 15 minutes from Milwaukee.
      5757 North Green Bay Ave, Glendale, WI 53209
      View Details
    • Contact for pricing
      500 SF

      Retail Space in Milwaukee's North Shore

      Prime retail location with access and signage opportunities.
      6801-6823 N Green Bay Ave, Glendale, WI 53209
      View Details
    • $15 SF/Yr
      1,582 SF

      Loft-Style Office Space Available

      Functional office space with direct elevator access and natural light.
      4425 N Prt Washington Rd, Glendale, WI
      View Details
    • $15 SF/Yr
      30,611 SF

      Glendale Medical Office Space for Lease

      Prime Glendale location, multiple suites available.
      4655 Prt Washington Rd, Glendale, WI 53212
      View Details
    • Contact for pricing
      1,565 SF

      Glendale Office Space Available

      709 SF office space with two private offices.
      5555 N Prt Washington Rd, Glendale, WI
      View Details
    • Contact for pricing
      671 SF

      Glendale Office Space For Rent

      Office space with flexible floor plans and ample parking.
      7161 N Prt Washington Rd, Glendale, WI
      View Details
    • $13 SF/Yr
      15,627 SF

      Glendale Executive Office Space

      Class A Office Suites, 1,347-14,280 SF
      6980 Prt Washington Rd, Glendale, WI 53217
      View Details
    • $19 SF/Yr
      49,324 SF

      Glendale Office Space For Lease

      Modern office suites, flexible sizes available.
      5150 Prt Washington Rd, Glendale, WI 53217
      View Details
    • $17 SF/Yr
      21,114 SF

      Glendale Executive Office Space

      Prime Glendale location, multiple suites available.
      5225 Ironwood Rd, Glendale, WI 53217
      View Details
    • Contact for pricing
      25,646 SF

      Glendale Warehouse Space Available

      25,910 SF warehouse space for lease in Glendale, Wisconsin.
      5055 N Lydell Ave, Glendale, WI 53217
      View Details

    FAQs

    What type of property is this?
    Office units - Retail and dining spaces available in a redeveloping open-air center.
    Where is this office units located?
    The property is located at 400-500 W Silver Spring Dr Glendale, WI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - $75M redevelopment project underway.; - Focus on unique and experiential retail and dining.; - Addition of luxury housing.
    (414) 271-1111 Call to check price and availability
    Request Owner's contact information
    400-500 W Silver Spring Dr Glendale, WI 53217
    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.
    400-500 W Silver Spring Dr
    Glendale, WI 53217
    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
    400-500 W Silver Spring Dr Glendale, WI 53217
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ned Purtell
    Ned Purtell
    Real Estate License ID: 9052622
    (414) 271-1111 (414) 801-3999 (414) 249-2330
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!