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

    2000 Bender Rd, Unit 8 Glendale, WI 53209-3727

    • Manufacturing properties
    • 8,607 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    8.3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US92-1145778
    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

    • Manufacturing properties

    Property Details for 2000 Bender Rd

    Year built
    1960
    Lot size
    0.60 lot acres
    Property size
    8,607 SF
    Property type
    Manufacturing properties
    APN
    160-9981-000
    APU
    1609981000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $525,000
      6.5%
      $485,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $499,000
      Market price range: $226k - $742k
      AI Estimate
      $414,000
      Market price range: $161k - $613k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $470,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9362
    Latitude
    43.1306
    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
    $8,879
    $60,000
    $277,200
    $337,200
    -
    $0.00
    $0.00
    $406,400

    Comparable in this City

    • Value Estimation
      $565,000
      2,159 SF

      1900 Cornell St

      PAPER PRODUCT MFG • 2,159 SF
      1900 Cornell St, Milwaukee, WI 53209-6412
      View Details
    • Value Estimation
      $960,000
      169,500 SF

      2800 Custer Ave

      PAPER PRODUCT MFG • 169,500 SF
      2800 Custer Ave, Milwaukee, WI 53209-4951
      View Details
    • Value Estimation
      $960,000
      61,920 SF

      5110 5152nd N 35th St, Unit 5152

      FOUNDRY, INDUSTRIAL PLANT • 61,920 SF
      5110 5152nd N 35th St, Milwaukee, WI 53209-5303
      View Details
    • Value Estimation
      $1,050,000
      141,513 SF

      7040 Teutonia Ave

      HEAVY MANUFACTURING • 141,513 SF
      7040 Teutonia Ave, Milwaukee, WI 53209
      View Details
    • Value Estimation
      $750,000
      34,728 SF

      2200 Cornell St

      HEAVY MANUFACTURING • 34,728 SF
      2200 Cornell St, Milwaukee, WI 53209-6320
      View Details
    • Value Estimation
      $335,000
      5,000 SF

      2305 Camden Rd

      MANUFACTURING (LIGHT) • 5,000 SF
      2305 Camden Rd, Glendale, WI 53209-3711
      View Details

    Similar Nearby for Sale

    • $1,300,000
      37,837 SF

      Milwaukee Industrial/Office Complex

      37,837 SF Mixed-Use Building, $1.3M
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    • $2,000,000
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      Milwaukee Industrial Facility - $2M

      51,566 SF Manufacturing/Warehouse. Prime location.
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    • $1,500,000
      70,000 SF

      Fenced Property with Outdoor Storage

      Industrial property featuring secure fencing and outdoor storage space.
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    • $538,000
      5,400 SF

      Glendale Warehouse with Highway Access

      Warehouse with office space and convenient highway access.
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    • $1,600,000
      70,000 SF

      Milwaukee Industrial Flex Space

      70,000 SF Flex Space - $1.6M
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    • $1,250,000
      39,479 SF

      Industrial Building with Rail Access

      39,479 SF industrial building with rail access for sale.
      4033 W Custer Ave, Milwaukee, WI 53209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,040 SF

      Milwaukee Industrial Space For Lease

      42,040 SF Warehouse/Manufacturing Space
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    • Contact for pricing
      51,566 SF

      Milwaukee Industrial Warehouse For Sale/Lease

      Prime Milwaukee manufacturing space, flexible options.
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      View Details
    • Contact for pricing

      Industrial Property for Rent

      Industrial property available for rent in Milwaukee, Wisconsin.
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    • Contact for pricing
      53,234 SF

      Warehouse Space with Parking

      Sublease opportunity: warehouse with minimal office space and parking.
      2201 W Purdue St, Milwaukee, WI 53209
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    • $8 SF/Yr
      39,793 SF

      Glendale Flex Space: Prime Location

      Modern flex space, multiple units available.
      1720 Florist Ave, Glendale, WI 53209
      View Details
    • $8 SF/Yr
      13,600 SF

      Prime Brown Deer Industrial Flex Space

      13,600 SF Flex/Warehouse Available
      8601 43 St, Brown Deer, WI 53209
      View Details
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    2000 Bender Rd, Unit 8
    Glendale, WI 53209-3727
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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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