Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    5024 33rd St Milwaukee, WI 53209-5433

    • Commercial real estate
    • 4,423 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2022
    $35,000
    Value Estimations
    $65,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0055023
    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 5024 33rd St

    Year built
    1927
    Lot size
    0.25 lot acres
    Property size
    4,423 SF
    Zone code
    RT3
    Property type
    Commercial real estate
    APN
    207-0199-000
    APU
    2070199000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $65,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9537
    Latitude
    43.1088
    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
    $0.00
    $10,800
    $93,200
    $104,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      151.65 Acres

      7401 43rd St

      COMMERCIAL (GENERAL) • 151.65 Acres
      7401 43rd St, Brown Deer, WI 53209-1921
      View Details
    • Value Estimation
      $475,000
      4.61 Acres

      4141 Schroeder Dr

      COMMERCIAL (GENERAL) • 4.61 Acres
      4141 Schroeder Dr, Brown Deer, WI 53209-1100
      View Details
    • Value Estimation
      $430,000
      0.72 Acres

      4295 Bradley Rd

      COMMERCIAL (GENERAL) • 0.72 Acres
      4295 Bradley Rd, Brown Deer, WI 53209-1773
      View Details
    • Value Estimation by Request
      1,650 SF

      4972 37Th St

      Commercial real estate • 1,650 SF
      4972 37Th St, Milwaukee, WI 53209
      View Details
    • Value Estimation
      $290,000
      0.76 Acres

      3036 Vera Ave

      COMMERCIAL (GENERAL) • 0.76 Acres
      3036 Vera Ave, Glendale, WI 53209-2510
      View Details
    • Value Estimation
      $505,000
      0.86 Acres

      8232 Teutonia Ave

      COMMERCIAL (GENERAL) • 0.86 Acres
      8232 Teutonia Ave, Brown Deer, WI 53209-1502
      View Details

    Similar Nearby for Sale

    • $45,000
      0.46 Acres

      Teutonia

      Land • 0.46 Acres
      7700 Teutonia Ave, Brown Deer, WI 53209
      View Details
    • $475,000
      19,972 SF

      Milwaukee Commercial Property Investment Opportunity

      Daycare & Warehouse on 1.83 Acres
      4730 Teutonia Ave, Milwaukee, WI 53209
      View Details
    • $1,300,000
      37,837 SF

      Milwaukee Industrial/Office Complex

      37,837 SF Mixed-Use Building, $1.3M
      6820 43Rd St, Milwaukee, WI 53209
      View Details
    • $126,240
      0.12 Acres

      Milwaukee Duplex Tax Foreclosure Opportunity

      Tax foreclosure duplex in Milwaukee offered in 'as-is' condition.
      4503 N 26Th St, Milwaukee, WI 53209
      View Details
    • $1,500,000
      70,000 SF

      Fenced Property with Outdoor Storage

      Industrial property featuring secure fencing and outdoor storage space.
      2300-2324 W Cornell St, Milwaukee, WI 53209
      View Details
    • $130,000
      0.13 Acres

      Milwaukee Duplex with Investment Potential

      Two-unit duplex with cash flow potential, close to transit.
      4768 N 30Th St, Milwaukee, WI 53209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,431 SF

      Cottonwood Plaza Retail Space

      Glendale, WI: 2,300 SF Retail Available
      505 Cottonwood Ave, Glendale, WI 53209
      View Details
    • Contact for pricing

      Industrial Property for Rent

      Industrial property available for rent in Milwaukee, Wisconsin.
      5555 N 27Th St, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      53,234 SF

      Warehouse Space with Parking

      Sublease opportunity: warehouse with minimal office space and parking.
      2201 W Purdue St, Milwaukee, WI 53209
      View Details
    • $15 SF/Yr
      18,996 SF

      Glendale Office Space for Lease

      Modern Glendale Office Suites Available
      7101 Green Bay Ave, Glendale, WI 53209
      View Details
    • $8 SF/Yr
      39,793 SF

      Glendale Flex Space: Prime Location

      Modern flex space, multiple units available.
      1720 Florist Ave, Glendale, WI 53209
      View Details
    • $8 SF/Yr
      13,600 SF

      Prime Brown Deer Industrial Flex Space

      13,600 SF Flex/Warehouse Available
      8601 43 St, Brown Deer, WI 53209
      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.
    5024 33rd St
    Milwaukee, WI 53209-5433
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.