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

    4131 Loomis Rd Greenfield, WI 53221

    • Commercial real estate
    • 3.49 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Oct 01, 2021
    $4,400,000
    Value Estimations
    $4,925,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1268954
    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 4131 Loomis Rd

    Lot size
    3.49 lot acres
    Property type
    Commercial real estate
    APN
    600-1001-000
    APU
    6001001000

    Description

    This exceptional three-story, Class B medical office building, totaling 63,287 square feet, presents a unique investment opportunity in Greenfield, Wisconsin. Constructed in 2006 and renovated in 2011, the property boasts a highly visible location at 4131 W. Loomis Rd, situated near the interchange of Interstates 41, 43, and 894, ensuring excellent accessibility. The building features five suites, with the largest contiguous space measuring 19,738 square feet, and several smaller spaces ranging from 1,321 to 21,129 square feet are currently available. Ample parking is provided with 261 spaces, and the building is equipped with elevators. The property benefits from its proximity to the planned Loomis Crossing development and enjoys high visibility on W. Loomis Road. Attractive tenant improvement packages are available, including up to 12 months of base rent abatement for qualified tenants. This is an ideal location for medical practices seeking a prominent presence in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,535,000
      ML approach
      $5,360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9656
    Latitude
    42.9637
    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
    $341,184
    $1,366,200
    $10,834,100
    $12,200,300
    -
    $0.00
    $0.00
    $16,422,500

    Comparable in this City

    • Value Estimation by Request
      4.61 Acres

      Loomis Rd

      Distribution properties • 76,000 SF
      0 Loomis Rd, Greenfield, WI 53221
      View Details
    • Value Estimation by Request
      1.81 Acres

      4333 27th St

      COMMERCIAL (GENERAL) • 1.81 Acres
      4333 27th St, Greenfield, WI 53221-1833
      View Details
    • Value Estimation
      $6,545,000
      45,589 SF

      4201 27th St

      COMMERCIAL (GENERAL) • 45,589 SF
      4201 27th St, Greenfield, WI 53221-1831
      View Details
    • Value Estimation
      $2,465,000
      24,756 SF

      6125 27th St

      COMMERCIAL (GENERAL) • 24,756 SF
      6125 27th St, Greenfield, WI 53221-4836
      View Details
    • Value Estimation
      $3,030,000
      22,518 SF

      3760 Loomis Rd

      COMMERCIAL (GENERAL) • 22,518 SF
      3760 Loomis Rd, Greenfield, WI 53221-1068
      View Details
    • Value Estimation by Request
      2,176 SF

      2915 Layton Ave

      COMMERCIAL (GENERAL) • 2,176 SF
      2915 Layton Ave, Greenfield, WI 53221-2626
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12.27 Acres

      Milwaukee Commercial Land Development Opportunity

      12.27 Acres, Prime Location, I-94 Access
      6000 College Ave, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      4.61 Acres

      Loomis Crossing Commerce Center

      Greenfield, WI Industrial Warehouses For Sale
      0 Loomis Rd, Greenfield, WI 53221
      View Details
    • Contact for pricing
      113,747 SF

      Greenfield Retail Center - WI

      High-traffic retail space, lease or sale.
      4777 27Th St, Greenfield, WI 53221
      View Details
    • $3,249,000

      Retail Property for Sale

      Retail property available for purchase in Milwaukee, Wisconsin.
      3511 S 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      113 SF

      Former Grocery Store Available

      113,747 SF building, formerly a Festival Foods store.
      4777 South 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing

      Greenfield Shopping Center For Sale

      63,340 SF neighborhood shopping center in Greenfield, Wisconsin.
      6201 South 27Th St, Greenfield, WI 53221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,288 SF

      Loomis Crossing Medical Office Suite

      Class A Medical Office Space Available
      4300 Layton Ave, Milwaukee, WI 53221
      View Details
    • $16 SF/Yr
      63,287 SF

      Greenfield Medical Office Building

      Prime medical space, multiple suites available
      4131 Loomis Rd, Greenfield, WI 53221
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in High-Traffic Area

      Retail space available in established commercial corridor with high visibility.
      3545-3557 S 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      73,301 SF

      South Towne Center Retail Space

      Milwaukee Retail Strip Center - Spaces Available
      3700 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      130,000 SF

      Industrial Land for Lease

      Industrial land with PUD zoning and controlled access.
      W Coldspring Rd, Greenfield, WI 53221
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive-Thru Potential

      Up to 2,500 SF retail space with drive-thru.
      3543 S 27Th St, Milwaukee, WI 53221
      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.
    4131 Loomis Rd
    Greenfield, WI 53221
    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.