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

    2933 2957th N Martin L King Jr Dr Milwaukee, WI 53212

    • Investment properties
    • 38,236 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2023
    $525,000
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0504454
    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

    • Investment properties

    Property Details for 2933 2957th N Martin L King Jr Dr

    Year built
    1927
    Lot size
    0.94 lot acres
    Property size
    38,236 SF
    Zone code
    LB2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    313-2001-110
    APU
    3132001110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000
      ML approach
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9144
    Latitude
    43.0722
    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
    $11,934
    $51,000
    $450,200
    $501,200
    -
    $51,000
    $450,200
    $501,200

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      1915 Dr Martin Luther King Jr Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 0.95 Acres
      1915 Dr Martin Luther King Jr Dr, Milwaukee, WI 53212-3675
      View Details
    • Value Estimation by Request
      11,160 SF

      2673 2679th N Martin L King Jr Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 11,160 SF
      2673 2679th N Martin L King Jr Dr, Milwaukee, WI 53212
      View Details
    • Value Estimation by Request
      4,900 SF

      3433 3437th N Martin L King Jr Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 4,900 SF
      3433 3437th N Martin L King Jr Dr, Milwaukee, WI 53212
      View Details
    • Value Estimation by Request
      2,404 SF

      540 Wn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,404 SF
      540 Wn Ave, Milwaukee, WI 53212
      View Details
    • Value Estimation by Request
      2,612 SF

      3442 3444th N Prt Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,612 SF
      3442 3444th N Prt Washington Ave, Milwaukee, WI 53212
      View Details
    • Value Estimation by Request
      2,624 SF

      3275 3279th N Richards St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,624 SF
      3275 3279th N Richards St, Milwaukee, WI 53212
      View Details

    Similar Nearby for Sale

    • $549,900

      Riverwest Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in high-demand area.
      820 E Locust St, Milwaukee, WI 53212
      View Details
    • $114,900
      1,622 SF

      Milwaukee Duplex with Lease Potential

      Vacant duplex with immediate lease-up potential in Milwaukee, Wisconsin.
      2960 North Palmer St, Milwaukee, WI 53212
      View Details
    • Contact for pricing

      Halyard Park Commercial Space Available

      Commercial space available in Halyard Park's new mixed-use development.
      3317 N Dr Martin Luther King Jr Dr, Milwaukee, WI 53212
      View Details
    • $265,000
      2,484 SF

      Turn-Key Duplex Near Downtown

      Well-maintained duplex with updates, ideal for investors or owner-occupants.
      2220 N Holton St, Milwaukee, WI 53212
      View Details
    • $220,000
      0.09 Acres

      Milwaukee Duplex: Income Opportunity

      Two-unit duplex in Milwaukee, move-in ready with rental income potential.
      2940 N Holton St, Milwaukee, WI 53212
      View Details
    • $229,000
      2,838 SF

      Milwaukee Investment Opportunity with Daycare

      Cash-flowing property with daycare and apartment in Milwaukee, WI.
      3477 N 2Nd St, Milwaukee, WI 53212
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Spacious Lower 2-Bedroom Apartment

      Large 1500 sq ft lower unit with updated kitchen.
      2212 N Holton St, Milwaukee, WI 53212
      View Details
    • $14 SF/Yr
      7,738 SF

      Keghouse Office Space Available

      45,000 SF office space with multiple atriums.
      111-119 W Pleasant St, Milwaukee, WI 53212
      View Details
    • $18 SF/Yr
      13,055 SF

      Glendale Executive Office Suite

      Prime Glendale office space, 2,611 sq ft.
      4701 Prt Washington Rd, Glendale, WI 53212
      View Details
    • Contact for pricing
      17,273 SF

      Park Place Retail Space For Lease

      Milwaukee County Storefront, Multiple Units Available
      801 Capitol Dr, Milwaukee, WI 53212
      View Details
    • $3 SF/Yr
      172,344 SF

      Industrial Space Near I-43

      Large industrial space with heavy power and fenced yard.
      3701 N Humboldt Blvd, Milwaukee, WI 53212
      View Details
    • Contact for pricing
      6,750 SF

      Milwaukee Retail Space For Rent

      6,750 SF retail space available in Milwaukee, Wisconsin.
      319-321 W North Ave, Milwaukee, WI 53212
      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.
    2933 2957th N Martin L King Jr Dr
    Milwaukee, WI 53212
    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.