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

    2805 163rd St New Berlin, WI 53151

    • Manufacturing properties
    • 10,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2021
    $1,000,000
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    2.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US92-0351491
    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 2805 163rd St

    Year built
    1973
    Lot size
    1.00 lot acres
    Property size
    10,000 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    NBC 1192025001
    APU
    NBC1192025001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,195,000
      Market price range: $945k - $1.40M
      AI Estimate
      $609,000
      Market price range: $337k - $945k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,195,000
      Current use
      RETAIL STORES
      $1,270,000
      Change: +6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,215,000
      Change: +2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,205,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Berlin
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1175
    Latitude
    42.993
    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
    2023
    $11,125
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      123,853 SF

      5333- Emmer Dr

      Distribution properties • 123,853 SF
      5333- Emmer Dr, New Berlin, WI 53151
      View Details
    • Value Estimation by Request
      10.30 Acres

      16300 Rogers Dr

      MANUFACTURING (LIGHT) • 10.30 Acres
      16300 Rogers Dr, New Berlin, WI 53151-2249
      View Details
    • Value Estimation by Request
      3.79 Acres

      16400 Lincoln Ave

      MANUFACTURING (LIGHT) • 3.79 Acres
      16400 Lincoln Ave, New Berlin, WI 53151-2850
      View Details
    • Value Estimation by Request
      13.29 Acres

      5800 Moorland Rd

      MANUFACTURING (LIGHT) • 13.29 Acres
      5800 Moorland Rd, New Berlin, WI 53151-7943
      View Details
    • Value Estimation by Request
      2.00 Acres

      2885 163rd St

      MANUFACTURING (LIGHT) • 2.00 Acres
      2885 163rd St, New Berlin, WI 53151-3611
      View Details
    • Value Estimation by Request
      3.55 Acres

      3033 166th St

      MANUFACTURING (LIGHT) • 3.55 Acres
      3033 166th St, New Berlin, WI 53151-3555
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,533 SF

      Industrial Property on Moorland Road

      Industrial property in New Berlin with high visibility.
      2501 S Moorland Rd, New Berlin, WI 53151
      View Details
    • $3,489,990
      49,857 SF

      Industrial Warehouse in New Berlin

      49,857 SF industrial warehouse property for sale.
      16167 W Rogers Dr, New Berlin, WI 53151
      View Details
    • Contact for pricing
      52,050 SF

      New Berlin Flex Space For Sale

      52,050 SF Flex Space, Excellent Location
      12695 National Ave, New Berlin, WI 53151
      View Details
    • $1,275,000
      15,536 SF

      Industrial Building with Highway Access

      Move-in ready industrial building with office and warehouse space.
      16555 W Cleveland Ave, New Berlin, WI 53151
      View Details
    • Contact for pricing

      Warehouse Storage Space with Loading Door

      2,000 SF lower level storage space with loading door.
      2810 S Calhoun Rd, New Berlin, WI 53151
      View Details
    • $3,175,000
      5.83 Acres

      I-43 & Moorland Road Commercial Land

      Prime 5.83-acre commercial lot in New Berlin, WI
      I-43 Moorland Rd, New Berlin, WI 53151
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      123,853 SF

      Emmer Drive Industrial Spaces For Lease

      Modern Waukesha County Manufacturing/Warehouse Space
      5333- Emmer Dr, New Berlin, WI 53151
      View Details
    • $10 SF/Yr
      52,050 SF

      National Ave Commercial Space

      New Berlin, WI: Versatile Industrial/Office Space
      12695 National Ave, New Berlin, WI 53151
      View Details
    • $7 SF/Yr
      136,693 SF

      Moorland Road Industrial Facility

      136,693 SF Warehouse For Lease
      5800 Moorland Rd, New Berlin, WI 53151
      View Details
    • Contact for pricing
      96,000 SF

      New Berlin Flex Space Available

      9,600 SF Industrial Flex Space for Lease
      16291-16295 Lincoln Ave, New Berlin, WI 53151
      View Details
    • $10 SF/Yr
      4,800 SF

      Office/Flex Buildings in Industrial Park

      Single-story office/flex buildings with easy highway access.
      2801-2895 S Moorland Rd, New Berlin, WI 53151
      View Details
    • $13 SF/Yr
      4,734 SF

      New Berlin Industrial Space Available

      Industrial property for rent in New Berlin Industrial Park.
      2400 S Commerce Dr, New Berlin, WI 53151
      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.
    2805 163rd St
    New Berlin, WI 53151
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.