Property profile

5555 Prt Washington Rd Glendale, WI 53217

OFF-MARKET
Office buildings
Property ID
US92-0517143
18,288 SF 1.23 ac lot Built 1979
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional B-class office space, located at 5555 N. Port Washington Rd, offers 2,087 square feet of versatile space ideal for a variety of businesses. The property is a multi-tenant building constructed in 1980 and features a traditional office layout suitable for both general office use and medical practices. One space is currently available for lease. The building enjoys a highly desirable location, offering unparalleled visibility and convenience. Its proximity to Bayshore Mall provides employees and clients with easy access to a wide array of shopping, dining, and entertainment options. Ample parking is available on-site, ensuring convenient access for everyone. This property presents a unique opportunity to establish a presence in a thriving commercial area with excellent amenities and high visibility. The building's traditional office design offers a classic and functional workspace, while its dual suitability for traditional and medical office use expands the potential tenant pool. The location near Bayshore Mall provides a significant advantage, enhancing the appeal to both employees and clients. The abundant parking further contributes to the property's overall attractiveness. This is an excellent opportunity to secure a well-located, functional office space in a vibrant commercial district.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 18,288 SF
Lot 1.23 ac (53,579 SF)
APN 196-8986-002
UPID US92-0517143

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Insurance Agency
  • Law Firm

Location

5555 Prt Washington Rd Glendale, WI 53217-4929
Glendale metro Census 60200 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.37M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.48M

Owner & transaction history

since 2023
Last sale
$1.2M
7 recorded transactions
2024
Price N/A
2023
$1.2M
2009
$375,200
2005
$3,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $2.0M +35.8%
Medical building $1.9M +29.9%
Neighborhood: shopping center $1.7M +17.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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