Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2007 Capitol Dr Milwaukee, WI 53206-1939
    Back to Search
    Property profile & analytics

    2007 Capitol Dr, Milwaukee, WI 53206-1939

    View on Map
    • Office buildings
    • 2,474 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US92-2026431
    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

    • Office buildings

    Property Details for 2007 Capitol Dr

    Year built
    1950
    Lot size
    0.10 lot acres
    Zone code
    LB2
    Property type
    Office buildings
    APN
    270-0318-000
    APU
    2700318000

    Description

    This 2,474 square foot mixed-use commercial building in Milwaukee, WI, presents a compelling investment opportunity. Located at 2007 W Capitol Dr, this 1950-built property sits on a 0.1-acre lot and boasts a spacious brick structure. The main floor features a commercial unit currently occupied by an established tenant, including a front office, lobby, half bath, private office, and two additional rooms. Upstairs, a turnkey apartment is ready for immediate owner occupancy or rental, featuring an updated eat-in kitchen with newer cabinets and countertops, a living room with fireplace, a full bath, and two large bedrooms. Recent improvements include a new roof (March 2023), upstairs window replacements (2022), a new upstairs furnace (2019), and updated chimney flashing. Heating is provided by forced air with central air conditioning upstairs and boiler heat for the commercial unit. A full basement includes a sump pump, circuit panels, and a bonus office space. A one-car detached brick garage with a newer door and electric door opener completes the property. The property's convenient location and visibility make it ideal for a variety of uses. 2022 property taxes were $2,886. This quality property offers significant potential for income and appreciation. The MLS number is 1846839.

    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
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9375
    Latitude
    43.0894
    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
    $2,960
    $5,400
    $118,900
    $124,300
    -
    $5,400
    $118,900
    $124,300

    Comparable in this City

    • Value Estimation by Request
      1.03 Acres

      2453 2463rd N 13th St, Unit 2

      OFFICE BUILDING
      2453 2463rd N 13th St, Milwaukee, WI 53206
      View Details
    • Value Estimation by Request
      2,162 SF

      2545 Teutonia Ave

      OFFICE BUILDING
      2545 Teutonia Ave, Milwaukee, WI 53206-2551
      View Details
    • Value Estimation by Request
      7,939 SF

      3658 3660th N Teutonia Ave

      OFFICE BUILDING
      3658 3660th N Teutonia Ave, Milwaukee, WI 53206
      View Details
    • Value Estimation by Request
      4,892 SF

      2001 Capitol Dr

      OFFICE BUILDING (MULTI-STORY)
      2001 Capitol Dr, Milwaukee, WI 53206
      View Details
    • Value Estimation by Request
      2,252 SF

      3319 24th St

      OFFICE BUILDING
      3319 24th St, Milwaukee, WI 53206-1232
      View Details
    • Value Estimation by Request
      10,358 SF

      1524 Ctr St

      OFFICE BUILDING (MULTI-STORY)
      1524 Ctr St, Milwaukee, WI 53206
      View Details

    Similar Nearby for Sale

    • $349,900
      4,892 SF

      Updated Office Building For Sale

      Turnkey office building with flexible floor plan in Milwaukee.
      2001 West Capitol Dr, Milwaukee, WI 53206
      View Details
    • Contact for pricing

      Updated Office Building For Sale

      Turnkey office building with excellent visibility and flexible floor plan.
      2003-2001 W Capitol Dr, Milwaukee, WI 53206
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Property in Milwaukee

      Mixed-use property with commercial and residential units, sold as-is.
      912 W Burleigh St, Milwaukee, WI 53206
      View Details
    • $165,000
      0.10 Acres

      Milwaukee Duplex Investment Opportunity

      Turn-key duplex with fenced yards, great investment potential.
      2875 N 25Th St, Milwaukee, WI 53206
      View Details
    • Contact for pricing
      2,850 SF

      Tax Foreclosed Specialty Property

      Tax foreclosed specialty property with 2850 square feet.
      1034 W Hadley St, Milwaukee, WI 53206
      View Details
    • New
      $376,500
      6,792 SF

      Mixed-Use Building with Daycare

      Mixed-use property with residential and commercial units in Milwaukee.
      2214 W Hopkins St, Milwaukee, WI 53206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,746 SF

      Retail Space on Busy Corner

      Retail space available in a high-traffic urban area.
      2636-2654 W Fond Du Lac Ave, Milwaukee, WI 53206
      View Details
    • New
      $4,000 /Mo
      7,415 SF

      Auto Shop, Retail, and Warehouse Space

      Brick flex building combines a mechanic shop, retail suite, and warehouse with 20+ outdoor parking spaces.
      2330 W Fond Du Lac Ave, Milwaukee, WI 53206
      View Details
    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.
    2007 Capitol Dr
    Milwaukee, WI 53206-1939
    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

    Thank You for Inquiry
    2007 Capitol Dr, Milwaukee, WI, 53206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!