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    Property profile & analytics

    3510 Oakland Ave Shorewood, WI 53211

    • Office Properties & Spaces
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3510 Oakland Ave

    Property type
    Office Properties & Spaces

    Description

    This exceptional executive office building, located at 3510 N Oakland Ave in Shorewood, Wisconsin, offers 1,811 square feet of meticulously maintained space. The two-story building boasts a recently updated elevator providing convenient access to second-floor offices. On-site management ensures seamless operations and ongoing improvements are enhancing the property's appeal. The building features high ceilings, creating a bright and spacious atmosphere. This prime Shorewood location offers unparalleled convenience, situated near the University, a vibrant array of shopping options, and numerous restaurants. The property is classified as a multi-tenant office building within Milwaukee County, specifically in the 53211 zip code, and is easily accessible via its cross street, Edgewood. The available space is ideal for businesses seeking a prestigious and well-maintained office environment in a highly desirable area. This is a fantastic opportunity to establish or expand your business in a thriving community. The building's modern amenities and convenient location make it an attractive option for discerning tenants. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shorewood
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8872
    Latitude
    43.0823

    Comparable in this City

    • Value Estimation by Request
      1,703 SF

      2518-2522 Capitol Dr

      Office Properties & Spaces • 1,703 SF
      2518-2522 Capitol Dr, Shorewood, WI 53211
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    • Value Estimation by Request
      51,967 SF

      3575 Oakland Ave

      Office space • 51,967 SF
      3575 Oakland Ave, Shorewood, WI 53211
      View Details
    • Value Estimation
      $615,000
      8,694 SF

      4601 Oakland Ave

      MEDICAL BUILDING • 8,694 SF
      4601 Oakland Ave, Shorewood, WI 53211-1232
      View Details
    • Value Estimation
      $825,000
      3,648 SF

      4611 Oakland Ave

      OFFICE BUILDING • 3,648 SF
      4611 Oakland Ave, Shorewood, WI 53211-1265
      View Details
    • Value Estimation
      $645,000
      13,912 SF

      1901 Capitol Dr

      MEDICAL BUILDING • 13,912 SF
      1901 Capitol Dr, Shorewood, WI 53211-2335
      View Details
    • Value Estimation by Request
      1,340 SF

      3840 Oakland Ave, Unit 176

      MEDICAL BUILDING • 1,340 SF
      3840 Oakland Ave, Shorewood, WI 53211-2239
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Shorewood Executive Office Space

      Modern Office, Prime Shorewood Location
      3510 Oakland Ave, Shorewood, WI 53211
      View Details
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      Shorewood Office Space Available

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      4050 N Oakland Ave, Shorewood, WI 53211
      View Details
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    3510 Oakland Ave
    Shorewood, WI 53211
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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.

    More about this property
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