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    5120 Capitol Dr Milwaukee, WI 53216-2358
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    Property profile & analytics

    5120 Capitol Dr, Milwaukee, WI 53216-2358

    View on Map
    • Drive through restaurants
    • 2,882 SF
    • 1.17 lot acres
    Off-Market
    Last Sale Feb 27, 2023
    $781,600
    Property ID
    US92-0653661
    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.
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 5120 Capitol Dr

    Year built
    1982
    Lot size
    1.17 lot acres
    Zone code
    RB2
    Property type
    Drive through restaurants
    APN
    249-0501-100
    APU
    2490501100

    Description

    This exceptional 1.17-acre commercial land parcel presents a remarkable opportunity for retail development in a high-traffic Milwaukee location. Situated on Capitol Drive, this property boasts exceptional visibility and accessibility, making it ideal for a variety of retail ventures. The expansive lot size offers ample space for constructing a substantial building, allowing for significant flexibility in design and functionality. Its prime location within Milwaukee County ensures convenient access to a large and diverse customer base. The address is 5120 W Capitol Dr, Milwaukee, WI 53216, placing it within a well-established commercial corridor. This property is zoned for commercial use (specific zoning details are available upon request). The site's high visibility and convenient location promise strong returns on investment for the discerning buyer. Detailed site plans and surveys are available for review. This is a rare opportunity to acquire a highly desirable retail site in a thriving Milwaukee market. The property is ready for immediate development, offering a streamlined path to realizing your retail vision. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Contact the listing agent for pricing and additional information. The property is located at latitude 43.0903855 and longitude -87.9779995.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $609,000
      Market price range: $191k - $610k
      AI Estimate
      $754,000
      Market price range: $195k - $754k

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9777
    Latitude
    43.0904
    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
    $18,610
    $613,700
    $167,900
    $781,600
    -
    $613,700
    $167,900
    $781,600

    Comparable in this City

    • Value Estimation by Request
      1,099 SF

      7525 Capitol Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      7525 Capitol Dr, Milwaukee, WI 53216-1917
      View Details
    • Value Estimation by Request
      2,514 SF

      6213 Capitol Dr, Unit 6235

      DRIVE-THRU RESTAURANT, FAST FOOD
      6213 Capitol Dr, Milwaukee, WI 53216-2121
      View Details
    • Value Estimation
      $985,000
      4,991 SF

      5501 Fond Du Lac Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      5501 Fond Du Lac Ave, Milwaukee, WI 53216-1274
      View Details
    • Value Estimation
      $590,000
      2,184 SF

      4103 Capitol Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      4103 Capitol Dr, Milwaukee, WI 53216-2532
      View Details
    • Value Estimation by Request
      1,764 SF

      6327 Capitol Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      6327 Capitol Dr, Milwaukee, WI 53216-2123
      View Details
    • Value Estimation by Request
      3,020 SF

      6206 Capitol Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      6206 Capitol Dr, Milwaukee, WI 53216-2122
      View Details

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    5120 Capitol Dr
    Milwaukee, WI 53216-2358
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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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