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

    3201 Mayfair Rd Wauwatosa, WI 53222-3203

    • Commercial real estate
    • 116,084 SF
    • 10.37 lot acres
    OFF-MARKET
    Value Estimations
    $10,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1185713
    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

    • Commercial real estate

    Property Details for 3201 Mayfair Rd

    Year built
    1969
    Lot size
    10.37 lot acres
    Property size
    116,084 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    296-9999-05
    APU
    296999905

    Description

    This exceptional 1.21-acre commercial land parcel presents a unique opportunity in Wauwatosa, Wisconsin. Located at 3201 N Mayfair Rd, 53222, this single-tenant site boasts excellent visibility and accessibility. Its strategic position offers easy access to Route 45 (within a half-mile radius), ensuring high traffic volume and prominent exposure for any development. The property is situated in a thriving commercial area, surrounded by established businesses including At-Home, American Freight Furniture, Whole Foods, Meijer, and the Mayfair Shoppes (featuring TJ Maxx and Dick's Sporting Goods), as well as the major Mayfair Mall. This prime location provides immediate access to a substantial customer base and significant foot traffic. The property also benefits from convenient cross-access to W. Burleigh Street, enhancing its overall accessibility and appeal. This build-to-suit or pad site opportunity is perfect for businesses seeking a high-profile location within a densely populated and affluent area. The 1.21-acre lot provides ample space for a variety of commercial developments, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to secure a prominent location in a rapidly growing commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,174,000
      Market price range: $5.30M - $19.8M
      AI Estimate
      $6,744,000
      Market price range: $2.89M - $9.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,520,000
      Current use
      RESTAURANT
      $14,750,000
      Change: +40% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $14,175,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $12,440,000
      Change: +18% Conversion: Easy
      MEDICAL BUILDING
      $12,015,000
      Change: +14% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $10,650,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $9,050,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wauwatosa
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0495
    Latitude
    43.0768
    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
    $155,828
    $5,807,200
    $1,346,100
    $7,153,300
    -
    $0.00
    $0.00
    $8,477,500

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      Burleigh St 3rd Suites N

      COMMERCIAL (GENERAL) • 0.53 Acres
      Burleigh St 3rd Suites N, Milwaukee, WI 53222
      View Details
    • Value Estimation by Request
      0.04 Acres

      100th St

      COMMERCIAL (GENERAL) • 0.04 Acres
      100th St, Milwaukee, WI 53222
      View Details
    • Value Estimation by Request
      5.69 Acres

      Burleigh St

      COMMERCIAL (GENERAL) • 5.69 Acres
      Burleigh St, Milwaukee, WI 53222
      View Details
    • Value Estimation by Request

      10745 Capitol Dr

      COMMERCIAL (GENERAL)
      10745 Capitol Dr, Milwaukee, WI 53222-1202
      View Details
    • Value Estimation
      $2,865,000
      30,972 SF

      11221 Burleigh St

      COMMERCIAL (GENERAL) • 30,972 SF
      11221 Burleigh St, Wauwatosa, WI 53222-3213
      View Details
    • Value Estimation
      $2,755,000
      23,408 SF

      10201 Burleigh St

      COMMERCIAL (GENERAL) • 23,408 SF
      10201 Burleigh St, Milwaukee, WI 53222
      View Details

    Similar Nearby for Sale

    • $75,000

      Three Bakery Locations - Turnkey Business

      Established Bakery & Cupcake Shops - High-Traffic Locations
      2751 Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • $775,000
      1,848 SF

      Restaurant with Large Parking Lot

      Restaurant property with ample parking on 0.5 acres.
      7602 W Lisbon Ave, Milwaukee, WI 53222
      View Details
    • $439,000

      Mixed-Use Building with Restaurant Leases

      Well-maintained mixed-use building featuring apartments and leased restaurants.
      8408 W Lisbon Ave, Milwaukee, WI 53222
      View Details
    • $900,000
      16,842 SF

      Wauwatosa Office Building For Sale

      Office building with high traffic and easy highway access.
      10045 W Lisbon Ave, Wauwatosa, WI 53222
      View Details
    • $575,000

      Updated Triplex with Garage Parking

      Well-maintained Milwaukee triplex featuring updated units and garage parking.
      9707 W Metcalf Pl, Milwaukee, WI 53222
      View Details
    • $1,550,000
      5,062 SF

      Fully Occupied Retail Investment Property

      High-traffic retail property with long-term leases and recent renovations.
      7822 W Capitol Dr, Milwaukee, WI 53222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,071 SF

      Mayfair Medical Office Building For Lease

      Wauwatosa medical office space available. Multiple suites, ample parking.
      3077 Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      949 SF

      Meijer In-Store Retail Space

      Wauwatosa, WI: Prime Retail Opportunity
      11111 Burleigh St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      1,368,231 SF

      Wauwatosa Industrial Space For Lease

      Massive industrial space, multiple tenants, heavy power.
      11800 Burleigh St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing

      Accessible Office Space Available

      Office space with elevator and easy highway access for rent.
      2711 N Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • $17 SF/Yr
      39,000 SF

      Sublease Office Space Available

      Office space for sublease with easy highway access.
      11240 Burleigh St, Wauwatosa, WI 53222
      View Details
    • $33 SF/Yr
      25,327 SF

      Wauwatosa Office Space For Lease

      Executive & Medical Suites Available Now
      11450 Burleigh St, Wauwatosa, WI 53222
      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.
    3201 Mayfair Rd
    Wauwatosa, WI 53222-3203
    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.