Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8316-8350 Steven Rd Milwaukee, WI 53223

    Property Lookup

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

    8316-8350 Steven Rd Milwaukee, WI 53223

    View on Map
    • Industrial properties
    • 25,558 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 8316-8350 Steven Rd

    Year built
    1992
    Property size
    25,558 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional Milwaukee County industrial property, located at 8316-8350 N Steven Road, offers three available flex units totaling 25,558 square feet. Built in 1992, the building features a desirable IL-1 zoning designation, making it suitable for a variety of uses. The units range in size from approximately 2,700 square feet to approximately 12,126 square feet, providing flexibility for businesses with diverse space needs. Each unit benefits from an impressive 18-foot ceiling height, ideal for storage or high-volume operations. The property boasts three convenient drive-in doors, ensuring efficient loading and unloading of goods. The multiple tenancy structure allows for a diverse tenant mix, creating a vibrant and dynamic business environment. This property presents a unique opportunity for businesses seeking versatile and well-located industrial space in Milwaukee County. The building's strategic location and functional design make it an attractive option for companies seeking to establish or expand their operations in this thriving area. With its ample space, high ceilings, and convenient drive-in access, this property is well-suited for a variety of industrial and flex-use businesses. The three available units offer a range of sizes to accommodate various business needs. Don't miss this chance to secure prime industrial space in a desirable Milwaukee County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9997
    Latitude
    43.1688

    Comparable in this City

    • Value Estimation by Request
      31,329 SF

      9050 Deerbrook Trl

      Flex space • 31,329 SF
      9050 Deerbrook Trl, Milwaukee, WI 53223
      View Details
    • Value Estimation by Request
      6,152 SF

      9011-9045 Deerwood Dr

      Distribution properties • 6,152 SF
      9011-9045 Deerwood Dr, Brown Deer, WI 53223
      View Details
    • Value Estimation by Request
      31,329 SF

      9050-9088 Deerbrook Trl

      Distribution properties • 31,329 SF
      9050-9088 Deerbrook Trl, Milwaukee, WI 53223
      View Details
    • Value Estimation by Request
      1,924 SF

      9050-9088 Deerbrook Trl

      Distribution properties • 1,924 SF
      9050-9088 Deerbrook Trl, Milwaukee, WI 53223
      View Details
    • Value Estimation by Request
      40,666 SF

      9011-9045 Deerwood Dr

      Distribution properties • 40,666 SF
      9011-9045 Deerwood Dr, Brown Deer, WI 53223
      View Details
    • Value Estimation by Request
      25,558 SF

      8316-8350 Steven Rd

      Flex space • 25,558 SF
      8316-8350 Steven Rd, Milwaukee, WI 53223
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,096 SF

      Customizable Warehouse Space For Sale

      Unique, customizable warehouse space with HVAC, security, and 24-hour access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      2,096 SF

      Customizable Warehouse Space For Sale

      Unique, customizable warehouse space with HVAC, security, and unlimited access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      2,613 SF

      Customizable Warehouse Space For Sale

      Unique, customizable warehouse space with modern amenities and 24-hour access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      1,470 SF

      Customizable Warehouse Space Available

      Adaptable warehouse space with HVAC, security, and unlimited access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      1,516 SF

      Customizable Warehouse Space For Sale

      Unique, customizable warehouse space with modern amenities and 24/7 access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      31,329 SF

      Versatile Flex Space Available

      Warehouse, distribution, office, and flex space for sale.
      9050 N Deerbrook Trl, Brown Deer, WI 53223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Customizable Warehouse Space Available

      Adaptable warehouse spaces with modern amenities for diverse uses.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Brown Deer Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      9055 N 51St St, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Brown Deer Flex Space Available

      Flex, industrial, office, and warehouse spaces for lease.
      9050-9088 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Milwaukee Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Milwaukee.
      9071 N Deerbrook Trl, Milwaukee, WI 53223
      View Details
    • Contact for pricing

      Granville Woods Business Park Sublease

      Sublease opportunity in Granville Woods Business Park, Milwaukee.
      6619 W Calumet Rd, Milwaukee, WI 53223
      View Details
    • Contact for pricing

      Customizable Warehouse Space Available

      Adaptable warehouse spaces with modern amenities for diverse uses.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      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.
    8316-8350 Steven Rd
    Milwaukee, WI 53223
    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
    8316-8350 Steven Rd, Milwaukee, WI, 53223
    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!