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

    4230 Loomis Rd Greenfield, WI 53221

    • Commercial real estate
    • 8,594 SF
    • 0.74 lot acres
    For Lease
    View listing
    $96 SF/Yr
    Last Sale
    Mar 03, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0428794
    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 4230 Loomis Rd

    Lot size
    0.74 lot acres
    Property size
    8,594 SF
    Property type
    Commercial real estate
    APN
    600-9969-002
    APU
    6009969002

    Description

    This single-tenant warehouse, located at 4230 W Loomis Rd in Greenfield, Wisconsin, offers 3,000 square feet of versatile space ideal for various industrial uses, including warehouse, distribution, or manufacturing. Built in 1980, this one-story building sits on a 0.74-acre lot and boasts excellent visibility and signage on Loomis Road, providing easy access to Highway 43. The property features approximately 2,000 square feet of warehouse space with three oversized garage doors, plus over 1,100 square feet of office space adaptable to tenant needs. Its strategic location across the street from The Turf Skatepark offers high traffic visibility. The property is zoned C2 within Milwaukee County and is currently vacant. The asking rent is $3,250 per month, plus utilities, with a minimum two-year lease term. Space improvements or build-out credit may be negotiated based on lease terms. Showings are available by appointment only on Tuesdays-Thursdays from 10:00 AM to 3:00 PM, Fridays-Saturdays from 10:00 AM to 5:00 PM, and Sundays from 10:00 AM to 2:00 PM. Creditworthiness will be considered by the landlord.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $934,000
      Market price range: $934k - $1.94M
      AI Estimate
      $524,000
      Market price range: $393k - $1.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9681
    Latitude
    42.9635
    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
    $14,407
    $212,700
    $304,900
    $517,600
    -
    $0.00
    $0.00
    $696,700

    Comparable in this City

    • Value Estimation by Request
      4.61 Acres

      Loomis Rd

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    • 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

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      113 SF

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    Similar Nearby for Lease

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      40,288 SF

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      Class A Medical Office Space Available
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      3,600 SF

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      130,000 SF

      Industrial Land for Lease

      Industrial land with PUD zoning and controlled access.
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      View Details
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    4230 Loomis Rd
    Greenfield, 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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