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

    5650 Grn Bay Rd Glendale, WI 53209

    • Office Properties & Spaces
    • 25,000 SF
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 5650 Grn Bay Rd

    Property size
    25,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This Class A Glendale, Wisconsin medical office building offers 25,000 square feet of prime space, ideal for medical practices or executive offices. Located at 5650 North Green Bay Road, Milwaukee, WI 53209, in Milwaukee County, this multi-tenant building boasts three suites available, ranging from 702 to 3,817 contiguous square feet. A total of 6,183 square feet is currently vacant and ready for immediate occupancy. The building features a convenient floor plan specifically designed for medical use, and includes a generous tenant improvement allowance. Ample parking is provided, with a ratio of 4 spaces per 1,000 square feet. While elevators are not available, the building offers easy accessibility. This exceptional location provides excellent visibility and convenient access for patients and staff. The building is well-suited for practices seeking modern, efficient, and well-appointed space to expand their operations. Contact us today to learn more about leasing opportunities and to discuss your specific needs.

    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
    -87.9433
    Latitude
    43.1272

    Comparable in this City

    • Value Estimation by Request
      18,996 SF

      7101 Green Bay Ave

      Medical offices • 18,996 SF
      7101 Green Bay Ave, Glendale, WI 53209
      View Details
    • Value Estimation
      $1,135,000
      7,696 SF

      2615 Silver Spg Dr

      MEDICAL BUILDING • 7,696 SF
      2615 Silver Spg Dr, Milwaukee, WI 53209-4219
      View Details
    • Value Estimation
      $1,030,000
      9,981 SF

      2501 Silver Spg Dr

      MEDICAL BUILDING • 9,981 SF
      2501 Silver Spg Dr, Glendale, WI 53209-4217
      View Details
    • Value Estimation
      $945,000
      25,829 SF

      2400 Villard Ave

      MEDICAL BUILDING • 25,829 SF
      2400 Villard Ave, Milwaukee, WI 53209-4901
      View Details
    • Value Estimation
      $1,235,000
      35,095 SF

      2350 Villard Ave

      MEDICAL BUILDING • 35,095 SF
      2350 Villard Ave, Milwaukee, WI 53209-5086
      View Details
    • Value Estimation
      $13,645,000
      145,218 SF

      3003 Good Hope Rd

      MEDICAL BUILDING • 145,218 SF
      3003 Good Hope Rd, Glendale, WI 53209-2042
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
      18,996 SF

      Glendale Office Space for Lease

      Modern Glendale Office Suites Available
      7101 Green Bay Ave, Glendale, WI 53209
      View Details
    • $14 SF/Yr
      25,000 SF

      Glendale Medical Office Suites

      Modern medical office space for lease.
      5650 Grn Bay Rd, Glendale, WI 53209
      View Details
    • $14 SF/Yr
      3,817 SF

      Glendale Medical Center Office Space

      Modern medical office space available for lease in Glendale.
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    • $16 SF/Yr
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      Glendale Executive Office Suite

      Prime Glendale Office Space Available
      2050 Good Hope Rd, Glendale, WI 53209
      View Details
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    5650 Grn Bay Rd
    Glendale, WI 53209
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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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