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    70Th St West Allis, WI 53214
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    Property profile & analytics

    70Th St West Allis, WI 53214

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    • Lifestyle centers
    • 325,309 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 70Th St

    Property size
    325,309 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    West Allis Towne Centre, a thriving shopping center in Milwaukee County, Wisconsin, presents a unique investment opportunity. Strategically located at the northeast corner of Greenfield Avenue and South 70th Street in the densely populated suburb of West Allis, this center boasts a total of 325,309 square feet. Currently, there are three suites available, with a minimum divisible space of 2,573 square feet and a maximum contiguous space of 10,150 square feet. A total of 16,723 square feet is currently vacant, offering significant potential for new tenants. The existing tenant mix includes a strong roster of national retailers such as Burlington, Ross, Hobby Lobby, Dollar Tree, and Planet Fitness, complemented by the Pan Am Supermarket. This diverse tenant base ensures a consistent flow of customers and strong foot traffic. The center's location within the Milwaukee-Waukesha metro area provides excellent access to a large consumer base. This property offers a compelling opportunity for businesses seeking high-visibility retail space in a vibrant and established shopping center. The available spaces are ideal for a variety of retail uses, providing flexibility for potential tenants. The property's size and location make it an attractive investment for both established businesses and new ventures seeking to capitalize on the strong retail market in West Allis.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0001
    Latitude
    43.0167

    Comparable in this City

    • Value Estimation by Request
      325,309 SF

      6768 Greenfield Ave

      Lifestyle centers • 325,309 SF
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    • Value Estimation
      $570,000
      5,000 SF

      683 Hawley Rd

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      683 Hawley Rd, Milwaukee, WI 53214-1948
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    • Value Estimation by Request
      1.00 Acre

      Sec Of Hwy 100 & Mitchell St

      Individual retail properties • 1.00 Acre
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    • Value Estimation by Request
      10,816 SF

      8626 Greenfield Ave

      Office Spaces • 10,816 SF
      8626 Greenfield Ave, West Allis, WI 53214
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    • Value Estimation by Request
      12,888 SF

      1410 72Nd St

      Multifamily properties • 12,888 SF
      1410 72Nd St, West Allis, WI 53214
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    • Value Estimation by Request
      1,334 SF

      1468 84Th St

      Restaurants • 1,334 SF
      1468 84Th St, West Allis, WI 53214
      View Details

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      Freestanding Retail Property in West Allis

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    Similar Nearby for Lease

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      Retail Space on West Greenfield

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      Restaurant/Retail Space in West Allis

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      Retail Space at Six Points

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      Office, Retail, Flex Space Available

      Office, retail, and flex space available in Oak Creek.
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      View Details
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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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