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    5140 3Rd St Milwaukee, WI 53207

    • Warehouses
    • 36,020 SF
    • 1.73 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimation
    $1,670,000
    Last Sale
    Mar 18, 2020
    $1,625,000
    Location Intelligence
    Property ID
    US92-0535566
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Weekend Warrior Dumpster Inc. / Waste Management Service

    Property Details for 5140 3Rd St

    Year built
    1978
    Lot size
    1.73 lot acres
    Property size
    36,020 SF
    Zone code
    IL1
    Property type
    Warehouses
    APN
    641-0052-000
    APU
    6410052000

    Description

    This Milwaukee industrial property, located at 5140 S. 3rd St., offers a versatile space ideal for various businesses. The property comprises two buildings totaling approximately 7,200 square feet, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 14,400 square feet. Currently, 2,400 square feet of vacant space is available, including approximately 4,800 square feet of warehouse space in one building and approximately 2,400 square feet of office space on the second floor of the other. Built in 1978, the two-story buildings feature 18'-19' ceiling heights, one drive-in door, and ample parking with 33 spaces. The property is conveniently located in Milwaukee County, near the intersection of S. 3rd St. and Edgerton Ave, just two miles from the I-94 & 894 on-ramp and one mile from General Mitchell International Airport. The zoning is IL1. Power details are to be verified. This multi-tenant property presents a unique opportunity for businesses seeking flexible and strategically located industrial space in Milwaukee.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,750,000
      6.5%
      $1,655,000
      7%
      $1,745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,855,000
      Geo Method
      $1,920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,700,000
      Retail
      $1,775,000
      Mixed-Use
      $1,670,000
      Hospitality
      $1,695,000
      Educational
      $1,760,000
      Residential Income
      $1,715,000
      Energy
      $1,910,000
      Income-Based Land
      $1,890,000
      Food Service
      $1,695,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9136
    Latitude
    42.9509
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $38,929
    $189,900
    $1,445,100
    $1,635,000
    -
    $189,900
    $1,445,100
    $1,635,000

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    • Value Estimation
      $5,560,000
      65,368 SF

      130 Edgerton Ave

      WAREHOUSE, STORAGE • 65,368 SF
      130 Edgerton Ave, Milwaukee, WI 53207-6021
      View Details
    • Value Estimation
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      28,079 SF

      205 Vogel Ave

      WAREHOUSE, STORAGE • 28,079 SF
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    • Value Estimation by Request
      14,612 SF

      5917 Howell Ave

      WAREHOUSE, STORAGE • 14,612 SF
      5917 Howell Ave, Milwaukee, WI 53207-6231
      View Details

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    Milwaukee, WI 53207
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    Realmo Value Estimation

    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.

    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.

    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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