Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1540 113th St Milwaukee, WI 53214-3897

    • Commercial real estate
    • 1,997 SF
    • 1.88 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2021
    $1,200,000
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0537856
    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

    • Office Copying Equipment Ltd / Department Store
    • Forward TS / Marketing & Advertising / Printing Service

    Property Details for 1540 113th St

    Year built
    1998
    Lot size
    1.88 lot acres
    Property size
    1,997 SF
    Property type
    Commercial real estate
    APN
    448-9992-004
    APU
    4489992004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,510,000
      ML approach
      $1,530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $916,000
      Market price range: $288k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0528
    Latitude
    43.0144
    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
    $35,566
    $283,300
    $978,500
    $1,261,800
    -
    $0.00
    $0.00
    $1,757,600

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      5527 National Ave

      COMMERCIAL (GENERAL) • 0.26 Acres
      5527 National Ave, West Milwaukee, WI 53214-3414
      View Details
    • Value Estimation by Request
      0.06 Acres

      6026 National Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      6026 National Ave, West Allis, WI 53214-3237
      View Details
    • Value Estimation by Request
      0.08 Acres

      81 Greenfield Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
      81 Greenfield Ave, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      3.30 Acres

      1600 Miller Park Way

      COMMERCIAL (GENERAL) • 3.30 Acres
      1600 Miller Park Way, West Milwaukee, WI 53214-3604
      View Details
    • Value Estimation by Request
      0.03 Acres

      83 Lapham St

      COMMERCIAL (GENERAL) • 0.03 Acres
      83 Lapham St, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      0.10 Acres

      13 98th St

      COMMERCIAL (GENERAL) • 0.10 Acres
      13 98th St, West Allis, WI 53214
      View Details

    Similar Nearby for Sale

    • $375,000
      3,500 SF

      Prime Milwaukee Commercial Space

      Shop/Garage, High-Traffic Location
      535 93Rd St, Milwaukee, WI 53214
      View Details
    • $795,000
      7,375 SF

      Executive Office Building, West Allis

      7,375 SF Office & Retail Space, WI
      1025 108 St, West Allis, WI 53214
      View Details
    • $775,000
      6,531 SF

      State Fair Inn: West Allis Bar/Restaurant

      Historic West Allis bar & restaurant, huge potential.
      8101 Greenfield Ave, West Allis, WI 53214
      View Details
    • $399,900
      2,184 SF

      Well-Maintained Duplex with Recent Updates

      Move-in ready duplex with excellent tenants, recent updates, and great location.
      112 S 78Th St, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      High Visibility Land Outlot

      Outlot in front of Walmart Supercenter with highway visibility.
      S 108Th St, Greenfield, WI 53214
      View Details
    • $3,400,000
      30,426 SF

      Paved Storage Site with Garage

      6.47 acre paved storage with 30,631 SF building.
      6001 N 91St St, Milwaukee, WI 53214
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      131,898 SF

      Market Square Shopping Center Lease

      Milwaukee retail space available now.
      6760 Greenfield Ave, West Allis, WI 53214
      View Details
    • $15 SF/Yr
      4,095 SF

      Prime Office Space Near I-94

      Convenient office space with amenities and easy freeway access.
      115 S 84Th St, Milwaukee, WI 53214
      View Details
    • $15 SF/Yr
      2,183 SF

      West Allis Office Space Available

      Office space for lease in West Allis, Wisconsin.
      10909 W Greenfield Ave, West Allis, WI 53214
      View Details
    • $12 SF/Yr
      1,170 SF

      West Allis Office Space

      Office space available for lease in West Allis, Wisconsin.
      6767 W Greenfield Ave, West Allis, WI 53214
      View Details
    • $6 SF/Yr
      2,600 SF

      Retail Space with High Visibility

      Retail space for lease with pylon and facade signage.
      3815-3833 S 108Th St, Greenfield, WI 53214
      View Details
    • $3 SF/Yr
      33,986 SF

      West Allis Warehouse Space

      33,986 SF warehouse space available for lease.
      6600 W Washington St, West Allis, WI 53214
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      844
    • Avg Time on site
      31 min
    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.
    1540 113th St
    Milwaukee, WI 53214-3897
    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

    Google sign-in failed. Please try again or use another login method.