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    Net-Leased Outpatient Medical Center Title is generated by Realmo AI

    6901 W EDGERTON AVE, Greenfield, WI 53220

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    Absolute triple-net Aurora outpatient campus with primary, urgent care, surgery, and pharmacy services in Greenfield.

    Type:Office
    Property size:
    37,500 SF
    Price / SF:
    $300/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:18 am

    Property Features for 6901 W EDGERTON AVE

    General Information

    Standard status
    Active
    Size
    37,500 SF
    Property subtype
    Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    John Feeney

    Listing agent John Feeney License #IL 475154756

    Listing office The Boulder Group

    Listing date May 27, 2026

    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 The Boulder Group

    HighLights

    • Single‑tenant absolute triple‑net (NNN) net leased Aurora Health Care outpatient campus in Greenfield, WI
    • Aurora Health Care has operated at the location since 2005 with multiple lease extensions, most recently exercising its first renewal option
    • 37,500 SF medical facility offering primary and family medicine, urgent care, outpatient surgery, pharmacy, and specialty practices
    • Lease includes 2% annual rental escalations throughout the remaining term and two additional five‑year renewal options
    • Backed by a corporate guaranty from Aurora Health Care, Inc.
    • Frontage on W Edgerton Ave near I‑41 (148,000 VPD) and about 0.5 miles from Southridge Mall

    Overview

    This single-tenant outpatient medical campus is operated by Aurora Health Care at the location since 2005. The 37,500-square-foot facility supports primary and family medicine, urgent care, outpatient surgery, pharmacy services, and multiple specialty practices. The property is structured as an absolute triple-net lease, with zero landlord responsibilities, and includes 2% annual rental escalations throughout the remaining term. Tenant renewal history includes multiple lease extensions, and the most recent renewal option has been exercised. The lease also offers two additional five-year renewal options, and is backed by a corporate guaranty from Aurora Health Care, Inc.

    The campus is located within the Milwaukee MSA in Greenfield, Wisconsin, positioned about one half mile from Southridge Mall (a 1.1+ million-square-foot regional center anchored by Macy’s, JCPenney, Dick’s Sporting Goods, and TJ Maxx). It sits within the S. 76th Street/Edgerton Avenue corridor and provides frontage on West Edgerton Avenue with convenient proximity to I-41 (148,000 VPD).

    For investors and healthcare-aligned buyers, the offering provides a long-standing, single-operator outpatient platform with a corporate-guaranteed, absolute triple-net structure and contractual rent escalations. Aurora’s outpatient footprint in the region, including proximity to other Aurora facilities, also supports the site’s role within its integrated care network.
    Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0000263
    Latitude
    42.9515206

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    FAQs

    What type of property is this?
    Medical center - Absolute triple-net Aurora outpatient campus with primary, urgent care, surgery, and pharmacy services in Greenfield.
    Where is this medical center located?
    The property is located at 6901 W EDGERTON AVE Greenfield, WI.
    What is the asking price?
    The asking price for this property is $11,260,000.
    What are key features of this property?
    This property features: Single‑tenant absolute triple‑net (NNN) net leased Aurora Health Care outpatient campus in Greenfield, WI; Aurora Health Care has operated at the location since 2005 with multiple lease extensions, most recently exercising its first renewal option; 37,500 SF medical facility offering primary and family medicine, urgent care, outpatient surgery, pharmacy, and specialty practices
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Feeney
    Real Estate License ID: IL 475154756
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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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    6901 W EDGERTON AVE, GREENFIELD, WI
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