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    3587 41st St Milwaukee, WI 53221
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    Property profile & analytics

    3587 41st St, Milwaukee, WI 53221

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    • Specialty properties
    • 28,824 SF
    • 1.28 lot acres
    Off-Market
    Last Sale Apr 27, 2023
    $625,000
    Property ID
    US92-0608261
    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
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 3587 41st St

    Year built
    1964
    Lot size
    1.28 lot acres
    Zone code
    TL
    Property type
    Specialty properties
    APN
    554-9994-132
    APU
    5549994132

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2023 $625,000 Md Institutional Facilities LLC Harvest Small Business Finance LLC Warranty Deed —
    Apr 12, 2023 — Harvest Small Business Finance LLC International Education Federation Correction Deed · related —
    Jan 6, 2023 $540,000 Harvest Small Bus Investment Fin Ll International Education Federation Sheriffs Deed · related —
    Jun 9, 2020 — Jason H Cho International Education Federa Quit Claim Deed · related —
    Nov 21, 2019 — International Education Federa — Deed · related $1.1M · Harvest Small Busn Fin LLC
    Jul 26, 2019 — International Education Federa — Deed · related $87k · International Education Federation LLC International Education Federation LLC
    Apr 4, 2019 — International Education Federation — Deed · related $567k · Bmo Harris Bank NA
    Jun 13, 2018 $41,667 International Education Federa Amerstate University Ltd Quit Claim Deed · related —
    Sep 14, 2017 — Amerstate University Ltd — Deed · related $100k · Citizens Bank
    Oct 31, 2016 — Amerstate University Ltd — Deed · related $50k · F Street Investments LLC F Street Investments LLC
    May 25, 2016 — Amerstate University Ltd — Deed · related $505k · Citizens Bank
    May 18, 2015 $375,000 Amerstate University Ltd Ancilla Domini Sisters Warranty Deed $230k · Park Bank
    — — International Education Federa — Deed Of Trust · related $1.1M · Harvest Small Busn Fin LLC
    — — International Education Federa — Deed Of Trust · related $87k · International Education Federation LLC International Education Federation LLC
    — — Amerstate University Ltd — Deed Of Trust · related $50k · F Street Investments LLC F Street Investments LLC
    — — Amerstate University Ltd — Deed Of Trust · related $50k · F Street Investments LLC F Street Investments LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $707k - $1.74M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,040,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9663
    Latitude
    42.9792
    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
    $10,286
    $194,800
    $237,200
    $432,000
    -
    $194,800
    $237,200
    $432,000

    Comparable in this City

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      6080 27th St

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    • Value Estimation by Request
      2.69 Acres

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    • Value Estimation
      $700,000
      7,275 SF

      4858 27th St

      DAY CARE, PRE-SCHOOL
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    • Value Estimation by Request
      2,656 SF

      1908 Layton Ave

      DAY CARE, PRE-SCHOOL
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    • Value Estimation by Request
      3,098 SF

      1209 Layton Ave

      DAY CARE, PRE-SCHOOL
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      View Details

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      32.131 Acres Land Available

      32.131 acres of land for sale.
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      Greenfield Shopping Center For Sale

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      Land For Sale

      Land available for sale.
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      Duplex with Generous Yard

      Duplex with in-unit laundry and recent updates.
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      Commercial Space for Rent

      Commercial property available for rent in Milwaukee, Wisconsin.
      6801 S 13Th St, Milwaukee, WI 53221
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    • $16 SF/Yr
      29,668 SF

      Premier Medical Office Space Available

      Medical office space for lease in Greenfield, Wisconsin.
      4131 West Loomis Rd, Greenfield, WI 53221
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Milwaukee, Wisconsin.
      4715 S 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      4,936 SF

      Retail Space in High-Traffic Area

      Retail spaces available in well-designed strip center near airport.
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      133,700 SF

      Industrial Property Near Airport

      Industrial property with easy highway access and trailer parking.
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      Industrial Property with Dock Area

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    3587 41st St
    Milwaukee, WI 53221
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    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
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