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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3930 Burnham St Milwaukee, WI 53215

    • Warehouses
    • 52,130 SF
    • 3.55 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    $990,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1058963
    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

    • Lennox Stores (PartsPlus) / Heating Equipment Supplier / Air Conditioning System Supplier
    • Lennox Industries / Heating Equipment Supplier / Air Conditioning Repair Service

    Property Details for 3930 Burnham St

    Year built
    2004
    Lot size
    3.55 lot acres
    Property size
    52,130 SF
    Zone code
    IO2
    Property type
    Warehouses
    APN
    457-1353-000
    APU
    4571353000

    Description

    This exceptional warehouse space, part of the Stadium Business Park I, offers 19,700 square feet of immediately available space within a larger 52,460 square foot building. Located at 3930 W. Burnham Street in Milwaukee, Wisconsin, 53215, this multi-tenant property boasts a prime location in Milwaukee County. Constructed in 2005, the building features a desirable 24-foot ceiling height, providing ample vertical storage capacity. The space includes convenient access to five loading docks and one drive-in door, ensuring efficient loading and unloading operations. The property also offers a total of 24 parking spaces for employees and visitors. This warehouse is ideal for businesses requiring significant storage and distribution capabilities, with easy access to major transportation routes. The property is classified as both Office and Industrial, offering flexibility for various business needs. The available space presents a unique opportunity to establish or expand operations in a well-maintained and strategically located industrial complex. This is a multiple tenancy building, offering a vibrant and collaborative work environment. Don't miss this chance to secure your ideal warehouse space in a thriving Milwaukee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.963
    Latitude
    43.0108
    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
    $69,918
    $230,800
    $2,705,700
    $2,936,500
    -
    $230,800
    $2,705,700
    $2,936,500

    Comparable in this City

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      2256 22nd St

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    • Value Estimation
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      641 29th St

      STORAGE YARD (JUNK, SALVAGE) • 13,024 SF
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      3915 Greenfield Ave

      WAREHOUSE, STORAGE • 4,600 SF
      3915 Greenfield Ave, Milwaukee, WI 53215-1329
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    • Value Estimation
      $290,000
      3,220 SF

      2912 Burnham St

      WAREHOUSE, STORAGE • 3,220 SF
      2912 Burnham St, Milwaukee, WI 53215-2214
      View Details
    • Value Estimation
      $610,000
      25,086 SF

      825 Cleveland Ave

      WAREHOUSE, STORAGE • 25,086 SF
      825 Cleveland Ave, Milwaukee, WI 53215-3431
      View Details

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    Similar Nearby for Lease

    • $6 SF/Yr
      52,460 SF

      Stadium Business Park Warehouse Space

      Milwaukee Warehouse: 19,700 SF Available
      3930 Burnham St, Milwaukee, WI 53215
      View Details
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    • $6 SF/Yr
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      Milwaukee Warehouse Space Available

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    • $5 SF/Yr
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      Industrial Warehouse Space Available

      5,605 SF warehouse space for lease in Milwaukee.
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      View Details
    • Contact for pricing

      West Milwaukee Retail Space

      High-traffic retail space, shadow-anchored by Walmart.
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      View Details
    • $6 SF/Yr
      8,000 SF

      Retail Space Near Downtown Milwaukee

      Retail space with ample parking, near transit and amenities.
      2214 N 35Th St, Milwaukee, WI 53215
      View Details
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    Milwaukee, WI 53215
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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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