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

    6076 Prt Washington Rd Glendale, WI 53217-4524

    • Medical offices
    • 1,978 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2021
    $390,000
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    4.6%
    Medical offices
    Location Intelligence
    Property ID
    US92-0734467
    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

    • Salinsky Gerald B DDS / Dentist
    • Ogden Dry Cleaners / Dry Cleaner

    Property Details for 6076 Prt Washington Rd

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    1,978 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    163-8993-000
    APU
    1638993000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9124
    Latitude
    43.1276
    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
    $13,588
    $346,000
    $168,100
    $514,100
    -
    $0.00
    $0.00
    $619,700

    Comparable in this City

    • Value Estimation
      $925,000
      24,085 SF

      7080 Prt Washington Rd

      MEDICAL BUILDING • 24,085 SF
      7080 Prt Washington Rd, Glendale, WI 53217-3879
      View Details
    • Value Estimation
      $895,000
      2,596 SF

      7725 Prt Washington Rd

      MEDICAL BUILDING • 2,596 SF
      7725 Prt Washington Rd, Glendale, WI 53217-3130
      View Details
    • Value Estimation
      $500,000
      8,320 SF

      400 Silver Spg Dr

      MEDICAL BUILDING • 8,320 SF
      400 Silver Spg Dr, Whitefish Bay, WI 53217-5224
      View Details
    • Value Estimation
      $200,000
      7,130 SF

      5201 Prt Washington Rd

      MEDICAL BUILDING • 7,130 SF
      5201 Prt Washington Rd, Glendale, WI 53217-4902
      View Details
    • Value Estimation
      $690,000
      4,800 SF

      5306 Prt Washington Rd

      MEDICAL BUILDING • 4,800 SF
      5306 Prt Washington Rd, Glendale, WI 53217-4913
      View Details
    • Value Estimation
      $310,000
      5,656 SF

      211 Bender Rd

      MEDICAL BUILDING • 5,656 SF
      211 Bender Rd, Glendale, WI 53217-4301
      View Details

    Similar Nearby for Sale

    • $2,925,000
      18,426 SF

      Glendale Medical Office Building

      18,426 SF Medical Office - $2.925M
      6373 Jean Nicolet Rd, Glendale, WI 53217
      View Details
    • $4,400,000
      22,294 SF

      The Berkley Building: Whitefish Bay Investment

      Mixed-use building, high occupancy, strong cap rate
      401-415 Silver Spg Dr, Whitefish Bay, WI 53217
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    • Contact for pricing
      233,328 SF

      Glendale Industrial/Office Complex

      233,328 SF, prime Northshore location.
      5055 Lydell Ave, Glendale, WI 53217
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    • $4,000,000
      27,880 SF

      Prime Whitefish Bay Commercial Building

      Exceptional Retail & Office Investment
      111-133 Silver Spg Dr, Whitefish Bay, WI 53217
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    • Contact for pricing
      0.76 Acres

      Glendale Commercial Land - Prime Location

      0.76 Acres, High Visibility, B-1 Zoning
      7170 Good Hope Rd, Glendale, WI 53217
      View Details
    • $1,500,000
      1.01 Acres

      Glendale Commercial Land - $1.5M

      Prime 1-acre development site near Bayshore.
      0 Towncenter Dr, Glendale, WI 53217
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    Similar Nearby for Lease

    • $12 SF/Yr
      18,426 SF

      Glendale Office Space For Lease

      Executive & Medical Suites Available
      6373 Jean Nicolet Rd, Glendale, WI 53217
      View Details
    • $1.56 SF/Yr
      6,249 SF

      Bayshore Town Center Offices

      Flexible Workspace Solutions in Milwaukee
      500 Silver Spring Dr, Glendale, WI 53217
      View Details
    • $6 SF/Yr
      6,249 SF

      Bayside Office Space for Lease

      Flexible Workspace Solutions in Bayside, WI
      555 Brown Deer Rd, Bayside, WI 53217
      View Details
    • $14 SF/Yr
      19,360 SF

      Prime Whitefish Bay Office Space

      1,487 SF Executive/Medical Office Available
      155 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details
    • $19 SF/Yr
      22,294 SF

      Prime Whitefish Bay Office Suites

      Executive office space, flexible terms.
      409 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details
    • $12 SF/Yr
      14,986 SF

      North Shore Office Space Available

      Divisible office building with ample parking and redevelopment potential.
      8050 N Port Washington Rd, Milwaukee, WI 53217
      View Details
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    6076 Prt Washington Rd
    Glendale, WI 53217-4524
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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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