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    Property profile & analytics

    3333 Howell Ave Milwaukee, WI 53207-2743

    • Medical offices
    • 1.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1083165
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Milwaukee Center-Independence / Disability Services & Support Organisation

    Property Details for 3333 Howell Ave

    Lot size
    1.07 lot acres
    Zone code
    LB2
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    538-0914-113
    APU
    5380914113

    Description

    This exceptional single-story retail building, located at 3333 S Howell Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 30,670 square feet (20,700 square feet on the first floor and 9,970 square feet of finished lower level), this property sits on a 1.059-acre lot and is zoned LB2. Built in 1969 and extensively renovated in 2013, the building offers modern amenities including a therapy pool, an attractive outdoor courtyard, and a backup generator. The property features full ADA accessibility, ample restrooms, and modern automated building control systems. The building's infrastructure includes gas and electric service from WE Energies, municipal water and sewer, and AT&T broadband/telephony. Multiple 3-phase/4-wire service panels provide ample power (125 to 400 amps per panel). The property is currently configured as a single-tenant space, offering flexibility for a variety of uses, including daycare, educational facilities, healthcare, or adaptive reuse. The asking price is $1,950,000 ($63.58 per square foot). The sale is as-is, where-is, with no post-closing warranties or representations from the seller, and no deed restrictions. Limited on-site surface parking is available. An unfinished 1,630 square foot attic area is excluded from the total square footage. This property offers phenomenal value at a fraction of replacement cost.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9065
    Latitude
    42.9841
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $701
    $373,400
    $8,626,600
    $9,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $420,000
      3,613 SF

      3030 Chase Ave

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    • Value Estimation by Request
      7,200 SF

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    • Value Estimation
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      4,288 SF

      3814 Howell Ave

      MEDICAL BUILDING • 4,288 SF
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    • Value Estimation by Request
      27,399 SF

      3052 Kinnickinnic Ave

      MEDICAL BUILDING • 27,399 SF
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    • Value Estimation
      $425,000
      2,956 SF

      3380 3382nd S Kinnickinnic Ave

      MEDICAL BUILDING • 2,956 SF
      3380 3382nd S Kinnickinnic Ave, Milwaukee, WI 53207
      View Details
    • Value Estimation
      $410,000
      11,460 SF

      4359 Howell Ave

      OFFICE BUILDING (MULTI-STORY) • 11,460 SF
      4359 Howell Ave, Milwaukee, WI 53207-5056
      View Details

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    Milwaukee, WI 53207-2743
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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.

    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
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