Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5235-5237 Ironwood Rd Glendale, WI 53217

    Property Lookup

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

    5235-5237 Ironwood Rd Glendale, WI 53217

    View on Map
    • Office properties & Spaces
    • 32,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5235-5237 Ironwood Rd

    Property size
    32,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 32,000-square-foot office and flex space is available for lease at 5235-5237 N Ironwood Rd, Glendale, WI 53217. Located in Milwaukee County, this single-tenant property sits on a generous 3.6-acre lot and offers ample parking with 120 spaces. The building is classified as Class B and boasts a flexible layout suitable for a variety of businesses. The zoning is B-1, providing versatility for potential tenants. The property's total square footage is 32,000 square feet, all of which is currently vacant, presenting a unique opportunity for a business seeking significant space. The property features a combination of office and flex space, making it ideal for companies needing a blend of traditional office areas and adaptable workspace. The property's address is 5235-5237 N Ironwood Rd, and its APN is 196-8996-00. This prime location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in Glendale. The substantial size and flexible zoning of this property make it a highly desirable opportunity for a variety of commercial enterprises. Contact us today to learn more about leasing this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9199
    Latitude
    43.1124

    Comparable in this City

    • Value Estimation by Request
      32,000 SF

      5235-5237 Ironwood Rd

      Flex space • 32,000 SF
      5235-5237 Ironwood Rd, Glendale, WI 53217
      View Details
    • Value Estimation by Request

      555 Brown Deer Rd

      Office Units
      555 Brown Deer Rd, Bayside, WI 53217
      View Details
    • Value Estimation by Request
      5,525 SF

      I-43

      Office properties & Spaces • 5,525 SF
      0 I-43, Fox Point, WI 53217
      View Details
    • Value Estimation
      $4,375,000
      168,742 SF

      5140 Prt Washington Rd

      INDUSTRIAL (GENERAL) • 168,742 SF
      5140 Prt Washington Rd, Glendale, WI 53217-5462
      View Details
    • Value Estimation by Request
      1.11 Acres

      7175 Riv Rd

      INDUSTRIAL (GENERAL) • 1.11 Acres
      7175 Riv Rd, Glendale, WI 53217-3733
      View Details
    • Value Estimation by Request

      500 Silver Spring Dr

      Office Units
      500 Silver Spring Dr, Glendale, WI 53217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      262,449 SF

      262,449 SF Commercial Property

      Commercial property available for sale, totaling 262,449 square feet.
      5055 N Lydell Ave, Glendale, WI 53217
      View Details
    • $4,491,125
      15,601 SF

      Multi-Tenant Medical Property For Sale

      Fully leased medical property with stable, predictable cash flow.
      7950 N Port Washington Rd, Fox Point, WI 53217
      View Details
    • Contact for pricing
      18,426 SF

      Glendale Office Building For Sale

      Office building with 18,426 square feet available for sale.
      6373 N Jean Nicolet Rd, Glendale, WI 53217
      View Details
    • Contact for pricing
      18,426 SF

      Well-Maintained Office and Medical Building

      Office and medical building with great visibility and freeway access.
      6373 N Jean Nicolet Rd, Glendale, WI 53217
      View Details
    • Contact for pricing

      Glendale Development Opportunity

      Prime land available for development in Glendale, Wisconsin.
      6280 N Port Washington Rd, Glendale, WI 53217
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      WI, Bayside - Brown Deer Rd

      Discover many ways to work your way in WI, Bayside - Brown Deer Rd
      555 Milwaukee St, Bayside, WI 53217
      View Details
    • 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
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Glendale, Wisconsin.
      6980 N Port Washington Rd, Glendale, WI 53217
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Glendale, Wisconsin.
      6373 N Jean Nicolet Rd, Glendale, WI 53217
      View Details
    • Contact for pricing

      Mixed-Use Building in Whitefish Bay

      Two-story mixed-use building with office and retail space available.
      409 East Silver Spring Dr, Whitefish Bay, WI 53217
      View Details
    • $26 SF/Yr

      Whitefish Bay Retail/Office Space

      First floor inline space in desirable Whitefish Bay location.
      151 East Silver Spring Dr, Whitefish Bay, WI 53217
      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.
    5235-5237 Ironwood Rd
    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
    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

    Thank You for Inquiry

    5235-5237 Ironwood Rd, Glendale, WI, 53217

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!