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

    2865 108th St West Allis, WI 53227-3223

    • Commercial real estate
    • 1.74 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2024
    $3,100,000
    Value Estimations
    $3,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1216506
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2865 108th St

    Lot size
    1.74 lot acres
    Property type
    Commercial real estate
    APN
    520-9965-012
    APU
    5209965012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0478
    Latitude
    42.9916
    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
    $59,475
    $663,100
    $1,438,200
    $2,101,300
    -
    $0.00
    $0.00
    $3,164,100

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      7 100th St

      COMMERCIAL (GENERAL) • 0.11 Acres
      7 100th St, West Allis, WI 53227
      View Details
    • Value Estimation by Request
      13.39 Acres

      2014 102nd St

      COMMERCIAL (GENERAL) • 13.39 Acres
      2014 102nd St, West Allis, WI 53227-1374
      View Details
    • Value Estimation by Request
      0.81 Acres

      2362 108th St

      COMMERCIAL (GENERAL) • 0.81 Acres
      2362 108th St, West Allis, WI 53227-1902
      View Details
    • Value Estimation
      $535,000
      6.65 Acres

      2906 108th St

      COMMERCIAL (GENERAL) • 6.65 Acres
      2906 108th St, West Allis, WI 53227-3520
      View Details
    • Value Estimation by Request
      0.77 Acres

      2905 108th St

      COMMERCIAL (GENERAL) • 0.77 Acres
      2905 108th St, West Allis, WI 53227-3519
      View Details
    • Value Estimation
      $565,000
      5.29 Acres

      3225 108th St

      COMMERCIAL (GENERAL) • 5.29 Acres
      3225 108th St, West Allis, WI 53227-4021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.10 Acres

      West Allis Commercial Land Opportunity

      1.1-Acre Pad-Ready Development Site
      0 I-894, West Allis, WI 53227
      View Details
    • $1,475,000
      15,795 SF

      West Allis Retail Center - $1.475M

      15,795 SF Retail/Office Space, Ample Parking
      2363 102 St, West Allis, WI 53227
      View Details
    • $3,921,569
      2,798 SF

      Chase Bank Investment Opportunity

      West Allis, WI: Prime Bank Location
      2678 South 108th Street, West Allis, WI 53227
      View Details
    • $175,000
      1,150 SF

      Second-Floor Unit with Modern Amenities

      Well-maintained apartment near schools, parks, and shopping with convenient access.
      3243 S 92Nd St, Milwaukee, WI 53227
      View Details
    • $190,000
      0.81 Acres

      Milwaukee Residential Land - 0.81 Acres

      Build Your Dream Home in Milwaukee!
      3125 84Th St, Milwaukee, WI 53227
      View Details
    • $400,000
      2,408 SF

      Retail Space with Basement Storage

      Retail space with basement, high visibility, and easy access.
      11401 W National Ave, West Allis, WI 53227
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      63,737 SF

      Lincoln Center III Retail Space

      Milwaukee Retail Center - Spaces Available
      10150 National Ave, Milwaukee, WI 53227
      View Details
    • Contact for pricing
      1 SF

      Greenfield Medical Office Space For Lease

      Modern Medical Office, Ample Parking
      3365 103Rd St, Milwaukee, WI 53227
      View Details
    • $19 SF/Yr
      63,537 SF

      Lincoln Center II Executive Suites

      West Allis Office Space For Lease
      2514 102 St, West Allis, WI 53227
      View Details
    • $15 SF/Yr
      12,300 SF

      West Allis Retail Center - 12,300 SF

      High-traffic retail space, 1,000 SF available.
      2705-2727 108 St, West Allis, WI 53227
      View Details
    • $15 SF/Yr
      450 SF

      West Allis Office Space Available

      Office space for lease near 108th St retail.
      11038 W National Ave, West Allis, WI 53227
      View Details
    • Contact for pricing
      42,745 SF

      Lincoln Center I Office Space

      West Allis, WI Office Building - 8 Suites Available
      2448 102 St, West Allis, WI 53227
      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.
    2865 108th St
    West Allis, WI 53227-3223
    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.