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Property profile & analytics
FOR LEASE
Office buildings
4425 North Port Washington Rd Glendale, WI 53212
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US92-0636331
For Lease
1 / 17
$15 SF/Yr
4425 North Port Washington Rd, Glendale, WI 53212
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
241,520 SF
Lot
6.6 ac (287,452 SF)
APN
233-1173-002
UPID
US92-0636331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.14M
Blend (final)
Blend
$20.22M
Owner & transaction history
East Lake Twrs Corporate Cente · 24 yrs held
East Lake Twrs Corporate Cente
since 2002
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.7M
+60.5%
Auto repair, garage
$28.8M
+50.6%
Medical building
$24.9M
+29.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,135,000
Current use
RESTAURANT
$30,715,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$28,810,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$24,860,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$22,470,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,330,000
Change: -4% · Conversion: Easy
RETAIL STORES
$17,665,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$20.22M
Range $18.20M – $22.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$529,612
Tax year 2022
Assessed value
$19,900,000
Assessed 2022
Previous assessed
$19,900,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$3,300,000
Assessed improvement
$16,600,000
Total market value
$23,987,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2002
Heating
NONE
Total area
241,520 SF
Lot
6.6 ac (287,452 SF)
APN
233-1173-002
UPID
US92-0636331
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.1M
RESTAURANT
Est. value
$30.7M
AUTO REPAIR, GARAGE
Est. value
$28.8M
MEDICAL BUILDING
Est. value
$24.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.5M
COMMERCIAL (GENERAL)
Est. value
$18.3M
RETAIL STORES
Est. value
$17.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
6.6 ac
Current owner
From public records · entity-resolved
East Lake Twrs Corporate Cente
Individual
Mailing address
12481 S FT ST STE #150, DRAPER, UT 84020-2112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2002
$1,300,000
East Lake Twrs Corporate Cente
Watertown Crossing LLC
Quit Claim Deed
related
$3,800,000 · Milwaukee Wstrn Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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