Add Listing
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

    3073 Chase Ave Milwaukee, WI 53207-2638

    • Industrial properties
    • 513,755 SF
    • 24.04 lot acres
    OFF-MARKET
    Value Estimations
    $28,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3484255
    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

    • Recycling Balers of Wisconsin / Factory / Industrial Manufacturer
    • J F Menzia & Sons / General Contractor
    • YARD 1 / Construction Company
    • Mills Theron / Counselor
    • Machine Tool Technologies, Inc (Mac-Tech.Com) / Production Facility / Industrial Manufacturer

    Property Details for 3073 Chase Ave

    Year built
    1927
    Lot size
    24.04 lot acres
    Property size
    513,755 SF
    Zone code
    IH
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    506-0012-115
    APU
    5060012115

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $33,229,000
      Market price range: $33.2M - $80.0M
      AI Estimate
      $23,586,000
      Market price range: $23.6M - $50.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9116
    Latitude
    42.9887
    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
    $110,431
    $1,646,800
    $2,745,800
    $4,392,600
    -
    $1,646,800
    $2,745,800
    $4,392,600

    Comparable in this City

    • Value Estimation by Request
      9,624 SF

      126 College Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 9,624 SF
      126 College Ave, Milwaukee, WI 53207-6220
      View Details
    • Value Estimation by Request
      59.89 Acres

      1919 Grange Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 59.89 Acres
      1919 Grange Ave, Milwaukee, WI 53207-6104
      View Details
    • Value Estimation by Request
      14,612 SF

      5917-5941 Howell Ave

      Distribution properties • 14,612 SF
      5917-5941 Howell Ave, Milwaukee, WI 53207
      View Details
    • Value Estimation by Request
      23,000 SF

      4903-4907 Howell Ave

      Distribution properties • 23,000 SF
      4903-4907 Howell Ave, Milwaukee, WI 53207
      View Details
    • Value Estimation
      $1,485,000
      43,200 SF

      2829 5th Ct

      INDUSTRIAL (GENERAL) • 43,200 SF
      2829 5th Ct, Milwaukee, WI 53207-1458
      View Details
    • Value Estimation by Request
      38,400 SF

      2809 5Th Ct

      Distribution properties • 38,400 SF
      2809 5Th Ct, Milwaukee, WI 53207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.60 Acres

      Howell Ave Redevelopment Opportunity

      Airport-adjacent land, flexible zoning, high potential.
      5881 Howell Ave, Milwaukee, WI 53207
      View Details
    • Contact for pricing
      5,700 SF

      St Francis Warehouse For Sale

      5,700 SF warehouse in St Francis, Wisconsin.
      1650 E Bolivar Ave, St Francis, WI 53207
      View Details
    • $4,399,000
      96,680 SF

      Milwaukee Warehouse/Manufacturing Facility For Sale

      96,680 SF industrial facility on 8.15 acres in Milwaukee-South.
      2929 S Chase Ave, Milwaukee, WI 53207
      View Details
    • Contact for pricing
      6,049 SF

      Bay View Warehouse with Redevelopment

      Warehouse in desirable Bay View location with redevelopment potential.
      2349 S Austin St, Milwaukee, WI 53207
      View Details
    • $3,950,000
      2,630 SF

      Milwaukee Commercial Portfolio

      Versatile Multi-Use Property, Prime Location
      5917 Howell Ave, Milwaukee, WI 53207
      View Details
    • $1,265,000
      1,710 SF

      Pizza Hut Investment Opportunity

      Milwaukee Pizza Hut: NNN Lease, High ROI
      3131 Kinnickinnic Ave, Milwaukee, WI 53207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kinnickinnic Avenue Retail Opportunity

      Renovated mixed-use property with outlot and surface parking.
      2863 S Kinnickinnic Ave, Milwaukee, WI 53207
      View Details
    • $3 SF/Yr
      98,000 SF

      High-Bay Warehouse Space Available

      98,000 SF warehouse space available for lease January 2025.
      3832-3898 N 3Rd St, Milwaukee, WI 53207
      View Details
    • Contact for pricing
      25,000 SF

      Warehouse Space with Freeway Access

      Clean warehouse space with high visibility and easy freeway access.
      5315-5317 S 3Rd St, Milwaukee, WI 53207
      View Details
    • $5 SF/Yr
      2,400 SF

      Milwaukee Industrial Space for Lease

      Flex, Warehouse, Office Space Available
      5140 3Rd St, Milwaukee, WI 53207
      View Details
    • Contact for pricing
      27,155 SF

      Milwaukee Office Space For Rent

      14,359 square foot office space available for lease.
      218 W Becher St, Milwaukee, WI 53207
      View Details
    • Contact for pricing

      Retail Space Near Target

      Retail space for lease, adjacent to Target on Chase Avenue.
      2960-2984 South Chase Ave, Milwaukee, WI 53207
      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.
    3073 Chase Ave
    Milwaukee, WI 53207-2638
    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.
    Sign Up Successful!
    You now have access to more from Realmo!