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    10523 Howell Ave Oak Creek, WI 53154

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    10523 Howell Ave Oak Creek, WI 53154

    View on Map
    • Distribution centers
    • 800,000 SF
    • 40.00 lot acres
    Off-Market
    Property ID
    US92-0812775
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 10523 Howell Ave

    Lot size
    40.00 lot acres
    Property size
    800,000 SF
    Property type
    Distribution centers

    Description

    This exceptional 800,000-square-foot warehouse in Oak Creek, Milwaukee County, sits on a 40-acre lot and offers flexible space options, ranging from 80,000 to 800,000 contiguous square feet. Currently vacant, this shovel-ready site boasts 32-foot ceilings, 24 loading docks, and 4 drive-in doors. The property is zoned M-1 for manufacturing and benefits from excellent access to I-94 via a full diamond interchange at Ryan Road. All necessary infrastructure, including municipal sewer and water, is in place. The site features pre-installed stormwater management and is ideally suited for a corporate headquarters in manufacturing, research and design, or food and beverage. A large labor pool is readily available within a 15-minute drive, encompassing 161,735 employees. Lease rates are negotiable, and build-to-suit office space is an option. Estimated delivery is approximately 18 months. This is a truly unique opportunity for a significant industrial presence in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oak Creek
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.915912
    Latitude
    42.85402

    Comparable in this City

    • $8 SF/Yr
      24,080 SF

      Oak Creek Warehouse Space For Lease

      Modern warehouse, 5,426 sq ft available.
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      200,000 SF

      Adaptable Industrial Space Available

      212,835 SF industrial space with occupancy slated for March 2026.
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      60,710 SF

      New Industrial Space Available

      New industrial property for lease, near I-94.
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    • $3 SF/Yr
      71,888 SF

      Functional Warehouse/Production Space Available

      Divisible warehouse/production space with excellent highway access and full amenities.
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      133,412 SF

      Oak Creek Warehouse Space Available

      Industrial warehouse space with convenient access to I-41.
      7350 S 13Th St, Oak Creek, WI 53154
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    Similar Nearby for Sale

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      Oak Creek Manufacturing Facility

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      Creekside Corporate Park Development Opportunity

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    • $199,900
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      Residential Lot in Lakeshore Commons

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      Residential Lot in Lakeshore Commons

      Vacant lot in Oak Creek's premier community with amenities.
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      75,000 SF

      Land For Sale

      Land available for sale.
      6340 S Howell Ave, Oak Creek, WI 53154
      View Details
    • $149,900
      0.05 Acres

      Residential Lot in Oak Creek

      Vacant lot in Lakeshore Commons with community amenities.
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    Similar Nearby for Lease

    • $8 SF/Yr
      24,080 SF

      Oak Creek Warehouse Space For Lease

      Modern warehouse, 5,426 sq ft available.
      440 Bell Ct, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      200,000 SF

      Adaptable Industrial Space Available

      212,835 SF industrial space with occupancy slated for March 2026.
      10000 Ridgeview Dr, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      60,710 SF

      New Industrial Space Available

      New industrial property for lease, near I-94.
      W Marquette Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing

      Oak Creek Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      100 W Oakwood Rd, Oak Creek, WI 53154
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    • Contact for pricing

      Oak Creek Warehouse Space Available

      Warehouse space with convenient I-94 access and interstate visibility.
      9875 Stern St, Oak Creek, WI 53154
      View Details
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    10523 Howell Ave
    Oak Creek, WI 53154
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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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