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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5840 60Th St Milwaukee, WI 53218

    • Industrial properties
    • 45,818 SF
    • 7.22 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Last Sale
    Feb 08, 2022
    $610,000
    Value Estimations
    $790,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0473130
    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

    • Whatever it Takes Transmission Parts (WIT) / Auto Parts Store
    • Havenwoods Taproom and Beer Garden / Bar & Pub

    Property Details for 5840 60Th St

    Year built
    1965
    Lot size
    7.22 lot acres
    Property size
    45,818 SF
    Zone code
    IL1
    Property type
    Industrial properties
    APN
    173-9993-111
    APU
    1739993111

    Description

    This Milwaukee County industrial property, totaling 17,667 square feet, offers flexible lease options ranging from 2,000 to 13,539 contiguous square feet. Built in 1956 and renovated in 1997, the building features impressive ceiling heights ranging from 14 to 34 feet, ideal for various industrial uses. The property sits on a substantial 7.217-acre lot, providing ample outdoor storage capabilities within a secure, fenced-in area. The building boasts excellent signage opportunities and convenient access to loading docks—one shared dock and two dedicated docks equipped with levelers—along with a shared drive-in area. The property is zoned IL1 and includes 90 parking spaces. Electrical service is robust, featuring 4,000 amps, 480/240v 3-phase (TBV) power. This multi-tenant building presents a unique opportunity for businesses seeking highly competitive lease rates and a versatile industrial space. A drone video showcasing the property is available online. This is a rare opportunity to secure a well-maintained, spacious industrial property in a desirable Milwaukee County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $858,000
      Market price range: $720k - $2.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9843
    Latitude
    43.1235
    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
    $19,067
    $376,800
    $515,900
    $892,700
    -
    $376,800
    $515,900
    $892,700

    Comparable in this City

    • Value Estimation
      $3,295,000
      115,141 SF

      4609 Woolworth Ave, Unit 4721

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 115,141 SF
      4609 Woolworth Ave, Milwaukee, WI 53218-1418
      View Details
    • Value Estimation
      $9,020,000
      126,236 SF

      6601 6671st W Ml Rd, Unit 6671

      INDUSTRIAL PARK • 126,236 SF
      6601 6671st W Ml Rd, Milwaukee, WI 53218-1238
      View Details
    • Value Estimation by Request
      126,335 SF

      6601-6671 Mill Rd

      Distribution properties • 126,335 SF
      6601-6671 Mill Rd, Milwaukee, WI 53218
      View Details
    • Value Estimation by Request
      19.90 Acres

      6200 Mill Rd

      Land • 19.90 Acres
      6200 Mill Rd, Milwaukee, WI 53218
      View Details
    • Value Estimation
      $600,000
      22,404 SF

      5901 Bender Ct

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 22,404 SF
      5901 Bender Ct, Milwaukee, WI 53218-1610
      View Details
    • Value Estimation by Request
      94,472 SF

      7400 Florist Ave

      Flex space • 94,472 SF
      7400 Florist Ave, Milwaukee, WI 53218
      View Details

    Similar Nearby for Sale

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      Prime Norman Office Space Available

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    • $395,000
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      Industrial Land with Highway Access

      Land with easy access to I-41 for development.
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    • $3,300,000
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      Milwaukee Warehouse For Sale

      Well-maintained, sprinklered 54,400 square foot warehouse in Milwaukee.
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      Versatile Commercial Building For Sale

      Single tenant building suitable for medical, office, retail, or flex.
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    • $8,499,000
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      Manufacturing Facility with Heavy Power

      State-of-the-art manufacturing facility available June 2026.
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    • Contact for pricing
      6.00 Acres

      Milwaukee Land: 6 Acres, ID-40 Zoning

      Prime Milwaukee development land. Six acres, excellent utilities.
      6101 Mill Rd, Milwaukee, WI 53218
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      17,667 SF

      Milwaukee Industrial Space For Lease

      High-bay warehouse & office space available.
      5840 60Th St, Milwaukee, WI 53218
      View Details
    • $4 SF/Yr
      51,700 SF

      4837 Woolworth Ave

      Distribution properties • 51,700 SF
      4837 Woolworth Ave, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      216,454 SF

      Milwaukee Industrial Space For Lease

      Large warehouse, 52,085 SF available.
      4801 Woolworth Ave, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      94,472 SF

      Milwaukee Tech Center Warehouse

      Prime Milwaukee warehouse space available.
      7400 Florist Ave, Milwaukee, WI 53218
      View Details
    • $5 SF/Yr
      94,472 SF

      Milwaukee Tech Center: Industrial Space

      94,472 SF Warehouse/Flex Space Available
      7400 Florist Ave, Milwaukee, WI 53218
      View Details
    • $5 SF/Yr
      14,031 SF

      Flex Space in Business Center

      Professionally managed flex space with dock and drive-in loading.
      6601-6613 W Mill Rd, Milwaukee, WI 53218
      View Details
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    5840 60Th St
    Milwaukee, WI 53218
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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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