Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2850 20th St Milwaukee, WI 53215
    Back to Search
    Property profile & analytics

    2850 20th St, Milwaukee, WI 53215

    View on Map
    • Medical Office Space
    • 35,473 SF
    • 13.30 lot acres
    Off-Market
    Property ID
    US92-3511799
    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
    $1,330,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 2850 20th St

    Year built
    1993
    Lot size
    13.30 lot acres
    Zone code
    IO2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    508-9983-111
    APU
    5089983111

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2005 $3,740,000 Aurora Medical Group INC Health Care Prop Invtrs INC Warranty Deed —
    Dec 29, 2005 $5,000,000 16th Street Community Health Center Aurora Medical Group INC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,806,000
      Market price range: $1.81M - $5.28M
      AI Estimate
      $1,293,000
      Market price range: $1.29M - $5.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9364
    Latitude
    42.9926
    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
    $22,434
    $850,000
    $92,200
    $942,200
    -
    $850,000
    $92,200
    $942,200

    Comparable in this City

    • Value Estimation
      $1,560,000
      29,883 SF

      3267 16th St

      MEDICAL BUILDING
      3267 16th St, Milwaukee, WI 53215-4500
      View Details
    • Value Estimation by Request
      4,180 SF

      2901 Kinnickinnic Riv Pkwy4s02

      MEDICAL BUILDING
      2901 Kinnickinnic Riv Pkwy4s02, Milwaukee, WI 53215-3677
      View Details
    • Value Estimation
      $2,315,000
      17,906 SF

      2801 Kinnickinnic Riv Pkwy, Unit 10

      MEDICAL BUILDING
      2801 Kinnickinnic Riv Pkwy, Milwaukee, WI 53215-3669
      View Details
    • Value Estimation
      $2,310,000
      17,882 SF

      2801 Kinnickinnic Riv Pkwy, Unit 11

      MEDICAL BUILDING
      2801 Kinnickinnic Riv Pkwy, Milwaukee, WI 53215-3669
      View Details
    • Value Estimation
      $905,000
      15,490 SF

      2801 Kinnickinnic Riv Pkwy, Unit 13

      MEDICAL BUILDING
      2801 Kinnickinnic Riv Pkwy, Milwaukee, WI 53215-3669
      View Details
    • Value Estimation by Request
      2,920 SF

      3615 Oklahoma Ave

      MEDICAL BUILDING
      3615 Oklahoma Ave, Milwaukee, WI 53215-4100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Warehouse, Flex, and Office Space

      Warehouse/flex space with modern office and convenient freeway access.
      3618 W Pierce St, Milwaukee, WI 53215
      View Details
    • $625,000
      8,556 SF

      Menomonee Valley Industrial Property

      Multi-building industrial property in Milwaukee's Menomonee Valley.
      3710-3712 W Pierce St, Milwaukee, WI 53215
      View Details
    • Contact for pricing
      10,770 SF

      Bank Branch For Sale

      Bank branch with a broad range of personal banking solutions.
      3131 South 13Th St, Milwaukee, WI 53215
      View Details
    • Contact for pricing

      All Brick Duplex Opportunity

      All brick duplex with separate utilities and detached garage.
      2683 S 9Th Pl, Milwaukee, WI 53215
      View Details
    • Contact for pricing

      Updated Duplex with Rental Income

      Updated duplex, move-in ready or rent out for income.
      2111 S 25Th St, Milwaukee, WI 53215
      View Details
    • $470,000
      4,944 SF

      Occupied Mixed-Use Building for Sale

      Five-unit mixed-use building with retail and apartments, earning monthly rent.
      2900 West Arthur Ave, Milwaukee, WI 53215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,407 SF

      Menomonee Valley Office/Flex Space

      3,407 SF office/flex space available for lease.
      3600 W Pierce St, Milwaukee, WI 53215
      View Details
    • Contact for pricing

      High Visibility Commercial Space Available

      Versatile commercial space with high traffic and redevelopment potential.
      2972 S 13Th St, Milwaukee, WI 53215
      View Details
    • Contact for pricing

      Milwaukee Warehouse and Industrial Complex

      South side Milwaukee warehouse and industrial complex for lease.
      3201-3299 S 20Th St, Milwaukee, WI 53215
      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.
    2850 20th St
    Milwaukee, WI 53215
    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
    2850 20th St, Milwaukee, WI, 53215
    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!