Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    535 93Rd St Milwaukee, WI 53214

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    535 93Rd St Milwaukee, WI 53214

    View on Map
    • Commercial real estate
    • 3,500 SF
    • 0.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WI Military & Industrial Mfg Inc / Military Base

    Property Details for 535 93Rd St

    Year built
    2009
    Lot size
    0.08 lot acres
    Property size
    3,500 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,500 square foot commercial property, located at 535 S 93rd STREET Unit 529, Milwaukee, WI, presents a unique investment opportunity. Situated at the strategic intersection of Interstates 41 and 94, this property boasts high visibility and accessibility, making it ideal for a variety of businesses. The building itself includes a convenient drive-in door, perfect for loading and unloading, along with a small office space for administrative needs. Adding to its versatility, there is also mezzanine space, not factored into the listed square footage, offering additional storage or workspace potential. The property sits on a 0.08-acre lot, and importantly, includes a vacant lot at 529 S 93rd St as part of the purchase price, providing further expansion possibilities or additional parking. Priced at $375,000, this property is particularly well-suited for car or vehicle hobby enthusiasts seeking a spacious and well-located workshop. The combination of prime location, versatile space, and included vacant lot makes this a compelling investment opportunity in the thriving Milwaukee market. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. Don't miss this chance to secure a highly visible and functional commercial space in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    MILWAUKEE
    State
    Wisconsin
    Longitude
    -88.0287
    Latitude
    43.0259

    Comparable in this City

    • Value Estimation
      $510,000
      2.76 Acres

      5501 National Ave

      COMMERCIAL (GENERAL) • 2.76 Acres
      5501 National Ave, West Milwaukee, WI 53214-3414
      View Details
    • Value Estimation by Request
      9.50 Acres

      6760 National Ave

      COMMERCIAL (GENERAL) • 9.50 Acres
      6760 National Ave, West Allis, WI 53214-4992
      View Details
    • Value Estimation
      $520,000
      1.90 Acres

      7951 National Ave

      COMMERCIAL (GENERAL) • 1.90 Acres
      7951 National Ave, West Allis, WI 53214-4413
      View Details
    • Value Estimation by Request
      1.42 Acres

      7901 National Ave

      COMMERCIAL (GENERAL) • 1.42 Acres
      7901 National Ave, West Allis, WI 53214-4568
      View Details
    • Value Estimation by Request
      1.58 Acres

      4501 National Ave

      COMMERCIAL (GENERAL) • 1.58 Acres
      4501 National Ave, West Milwaukee, WI 53214-3650
      View Details
    • Value Estimation by Request
      0.08 Acres

      64 National Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
      64 National Ave, West Allis, WI 53214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,173 SF

      Former Retail Space For Sale

      High-visibility retail space suitable for retail, medical, or service uses.
      9220 W Greenfield Ave, West Allis, WI 53214
      View Details
    • $344,900
      2,022 SF

      Duplex and Salon Investment Opportunity

      Turnkey investment with multiple income streams and future upside.
      7000 W National Ave, West Allis, WI 53214
      View Details
    • $329,900
      0.10 Acres

      West Allis Four-Unit Multifamily Property

      Four 1-bedroom units with income potential in West Allis.
      1508 S 81St St, West Allis, WI 53214
      View Details
    • $329,000
      0.08 Acres

      West Allis Duplex with Updates

      Updated duplex in West Allis featuring hardwood floors.
      1417 S 56Th St, West Allis, WI 53214
      View Details
    • Contact for pricing
      4,334 SF

      West Allis Commercial Building

      Commercial building in West Allis, suitable for development or rental.
      6228 W Washington St, West Allis, WI 53214
      View Details
    • Contact for pricing
      3,712 SF

      West Allis Retail/Office Opportunity

      3,712 SF retail/office space with finished basement and parking.
      1112 S 60Th St, West Allis, WI 53214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      587 SF

      West Allis Office Space

      Office space available for lease in West Allis, Wisconsin.
      6767 W Greenfield Ave, West Allis, WI 53214
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space for lease with pylon and facade signage.
      3815-3833 S 108Th St, Greenfield, WI 53214
      View Details
    • Contact for pricing
      3,520 SF

      Well-Maintained Office Building For Rent

      Newer office building centrally located on Highway 100 corridor.
      3670 S 108Th St, Greenfield, WI 53214
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Milwaukee, Wisconsin.
      9000 W Chester St, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      9000 Milwaukee St, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease in West Allis, Wisconsin.
      7020 W National Ave, West Allis, WI 53214
      View Details
    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.
    535 93Rd St
    Milwaukee, WI 53214
    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!