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

    310 E Buffalo St Milwaukee, WI 53202

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

    Office space available in Milwaukee's Historic Third Ward.

    Type:Retail
    Property size:
    7,337 SF
    Added:
    May 21, 2021
    Days on Market:
    1798
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 310 E Buffalo St

    General Information

    Standard status
    Active
    Size
    7,337 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1899

    Spaces For Lease

    at 310 E Buffalo St Contact us

    We can help!

    Listing Contact
    Mike Fitzgerald
    Mike Fitzgerald

    Listing agent Mike Fitzgerald License #WI 55552-94

    Listing office Mid America Real Estate Milwaukee

    Listing date May 21, 2021

    Source Crexi

    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 Mid America Real Estate Milwaukee

    Overview

    Historic Third Ward Office Space

    Located at Broadway and Buffalo, The Buffalo Building offers office space for lease on its 3rd floor. The available space encompasses 7,337 square feet and is situated above street-level urban retail. Constructed in 1899, the building was listed on the National Historic Register in 1983. The property is located in Milwaukee’s Historic Third Ward, a mixed-use, warehouse district that houses over 500 businesses and 15,000 residents within a one-mile radius. The Third Ward Riverwalk has received national recognition for its architecture and urban design. The Milwaukee Public Market, a downtown food destination, attracts over 2 million visitors annually and generates nearly $20 million in annual sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinigy (Bike/Boat/Book/etc) Store Tibra Software (Bike/Boat/Book/etc) Store Bradden C. Backer Law Firm Biersdorf & Associates Law Firm OhmzTech Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.906874
    Latitude
    43.0341063

    Nearby Similar for Lease

    • Contact for pricing

      High-Visibility Milwaukee Commercial Space

      Versatile 2,000 sq ft space ideal for professional services.
      5022 S 27th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing

      High-Traffic Retail/Office Space Available

      Well-kept building with great visibility, perfect for various businesses.
      5128 W Center St, Milwaukee, WI 53210
      View Details
    • Contact for pricing

      Furnished Office Spaces Available

      Furnished offices with shared amenities in Shorewood, Wisconsin.
      1200 E Capitol Dr, Shorewood, WI 53211
      View Details
    • $18/mo

      Historic Office and Retail Building

      Five-story building with office and retail space in downtown Milwaukee.
      400 East Wisconsin Avenue, Milwaukee, WI, 53202
      View Details
    • Contact for pricing

      WI, Wauwatosa - Honey Creek Corporate Center

      9000 Chester St, Unit 100, Milwaukee, WI 53214
      View Details
    • Sponsored
      Contact for pricing

      WI, Milwaukee - S 1st Street

      161 1St St, Unit 3RD, Milwaukee, WI 53204
      View Details
    • Contact for pricing

      Spaces North Water Street

      1433 Water St, Unit 400, Milwaukee, WI 53202
      View Details
    • Contact for pricing

      Liberty 1 at Park Place

      11414 Park Pl, Unit 202, Milwaukee, WI 53224
      View Details
    • Contact for pricing

      Third Ward

      342 Water St, Unit 600, Milwaukee, WI 53202
      View Details
    • Sponsored
      Contact for pricing

      Downtown Milwaukee

      250 Wisconsin Ave, Unit 18TH, Milwaukee, WI 53202
      View Details
    • $12/mo

      Downtown Office Space with Views

      Modern office space with amenities and river views available for sublease.
      111 E Wisconsin Ave, Milwaukee, WI
      View Details
    • Contact for pricing

      Versatile Office and Kitchen Space

      Adaptable commercial space with office, classroom, and kitchen features.
      620 S 76th St, Milwaukee, WI 53214
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available in Milwaukee's Historic Third Ward.
    Where is this office units located?
    The property is located at 310 E Buffalo St Milwaukee, WI.
    What are key features of this property?
    This property features: Located in the Historic Third Ward, a vibrant mixed‑use district with 500+ businesses and 15,000+ residents within one mile.; **7,337 SF office space available.**; Situated above street‑level urban retail.
    (262) 613-3888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Fitzgerald
    Mike Fitzgerald
    Real Estate License ID: WI 55552-94
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!