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    5215 N Ironwood Rd Glendale, WI 53217
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    Property profile & analytics

    5215 N Ironwood Rd Glendale, WI 53217

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    • Office buildings
    • 20,176 SF
    • 2.30 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Glendale Office Park Co-working Space For Lease
    $17 SF/Yr

    Glendale Office Park Co-working Space

    Newly renovated co-working space in Glendale, short-term leases available.

    5215 N Ironwood Rd, Glendale, WI
    View Listing
    Property ID
    US92-0362927
    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
    $755,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5215 N Ironwood Rd

    Year built
    1973
    Lot size
    2.30 lot acres
    Property size
    20,176 SF
    Property type
    Office buildings
    APN
    196-8001-000
    APU
    1968001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $849,000
      Market price range: $850k - $2.48M
      AI Estimate
      $631,000
      Market price range: $631k - $1.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9193
    Latitude
    43.1115
    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
    $23,019
    $690,000
    $178,400
    $868,400
    -
    $0.00
    $0.00
    $1,046,700

    Comparable in this City

    • Value Estimation
      $725,000
      20,238 SF

      5205 Ironwood Rd

      OFFICE BUILDING • 20,238 SF
      5205 Ironwood Rd, Glendale, WI 53217-4907
      View Details
    • Value Estimation
      $505,000
      8,050 SF

      325 Silver Spg Dr

      OFFICE BUILDING • 8,050 SF
      325 Silver Spg Dr, Glendale, WI 53217-5000
      View Details
    • Value Estimation by Request
      3,546 SF

      6110 Prt Washington Rd

      OFFICE BUILDING • 3,546 SF
      6110 Prt Washington Rd, Glendale, WI 53217-4308
      View Details
    • Value Estimation
      $945,000
      8,815 SF

      7161 Prt Washington Rd

      OFFICE BUILDING • 8,815 SF
      7161 Prt Washington Rd, Glendale, WI 53217-3877
      View Details
    • Value Estimation
      $1,260,000
      18,288 SF

      5555 Prt Washington Rd

      OFFICE BUILDING • 18,288 SF
      5555 Prt Washington Rd, Glendale, WI 53217-4929
      View Details
    • Value Estimation
      $580,000
      6,378 SF

      430 Silver Spg Dr

      OFFICE BUILDING • 6,378 SF
      430 Silver Spg Dr, Whitefish Bay, WI 53217-5224
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,426 SF

      Well-Maintained Office and Medical Building

      Office and medical building with great visibility and freeway access.
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      View Details
    • Contact for pricing
      262,449 SF

      262,449 SF Commercial Property

      Commercial property available for sale, totaling 262,449 square feet.
      5055 N Lydell Ave, Glendale, WI 53217
      View Details
    • $4,491,125
      15,601 SF

      Multi-Tenant Medical Property For Sale

      Fully leased medical property with stable, predictable cash flow.
      7950 N Port Washington Rd, Fox Point, WI 53217
      View Details
    • $790,000
      2,050 SF

      Whitefish Bay Stone Facade Duplex

      Two-story duplex with updates and refinished hardwood floors.
      4845 N Cumberland Blvd, Whitefish Bay, WI 53217
      View Details
    • $3,990,000
      655 SF

      Iconic Mixed-Use Retail Building

      Two-story mixed-use building in the heart of Whitefish Bay.
      401-415 E Silver Spring Dr, Whitefish Bay, WI 53217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,800 SF

      Fox Point Office Building For Lease

      Three-story office building with redevelopment potential in Fox Point.
      8050 North Port Washington Rd, Fox Point, WI 53217
      View Details
    • Contact for pricing

      Professionally Managed Office Building For Rent

      Office building with ample parking, natural light, and river views.
      750 A B Data Dr, Milwaukee, WI 53217
      View Details
    • Contact for pricing
      2,600 SF

      Mixed-Use Building in Prime Location

      Two-story mixed-use building with office and retail space available.
      151-159 E Silver Spring Dr, Milwaukee, WI 53217
      View Details
    • $19 SF/Yr

      Mixed-Use Building in Whitefish Bay

      Two-story mixed-use building with office and retail space available.
      409 East Silver Spring Dr, Whitefish Bay, WI 53217
      View Details
    • $19 SF/Yr
      1,822 SF

      Glendale Office Space Available

      Office space for rent with excellent highway access and visibility.
      5150 N Port Washington Rd, Glendale, WI 53217
      View Details
    • $16 SF/Yr

      Single Room Office in Whitefish Bay

      Small office space in a premier North Shore location.
      121 East Silver Spring Dr, Whitefish Bay, WI 53217
      View Details
    View Listing
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    5215 N Ironwood Rd
    Glendale, WI 53217
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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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    5215 N Ironwood Rd, Glendale, WI, 53217
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