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    6101 W Mill Rd Milwaukee, WI 53218
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    6101 W Mill Rd Milwaukee, WI 53218

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    • Land
    For Sale
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    6 Acres of Land For Sale
    Contact for pricing

    6 Acres of Land

    6 acres of land available for sale.

    6101 W. Mill Road, Milwaukee, WI 53218
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    Property ID
    US92-1071540
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6101 W Mill Rd

    Property type
    Land

    Description

    Land | 6 acres

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9872052
    Latitude
    43.132937

    Comparable in this City

    • Contact for pricing

      Available Land Parcels

      Three land parcels available for sale.
      6200 W Mill Rd, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      14,322 SF

      Industrial Land with Highway Access

      Land with easy access to I-41 for development.
      8300 W Florist Ave, Milwaukee, WI 53218
      View Details
    • $79,900
      0.15 Acres

      Milwaukee Duplex Tax Foreclosure Opportunity

      Two-story duplex offered as a tax foreclosure in Milwaukee.
      5952 N 61St St, Milwaukee, WI 53218
      View Details
    • $759,000
      6,114 SF

      Multi-Unit Commercial Property For Sale

      Well-maintained commercial property with restaurant and office/retail spaces.
      8301 W Silver Spring Dr, Milwaukee, WI 53218
      View Details
    • $409,900
      3,634 SF

      Well-Maintained Four-Unit Investment Property

      Fully rented, brick four-family property with long-term tenants.
      5700 West Mill Rd, Milwaukee, WI 53218
      View Details
    • $320,000
      0.25 Acres

      Well-Maintained Milwaukee Apartment Building

      Fully occupied four-unit building with reliable tenants and income potential.
      5806 N 76Th St, Milwaukee, WI 53218
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Available Land Parcels

      Three land parcels available for sale.
      6200 W Mill Rd, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      14,322 SF

      Industrial Land with Highway Access

      Land with easy access to I-41 for development.
      8300 W Florist Ave, Milwaukee, WI 53218
      View Details
    • $320,000
      0.25 Acres

      Well-Maintained Milwaukee Apartment Building

      Fully occupied four-unit building with reliable tenants and income potential.
      5806 N 76Th St, Milwaukee, WI 53218
      View Details
    • $1,995,000
      22,526 SF

      Milwaukee Medical Office Building

      22,526 SF Medical Office, NNN Lease
      6246-6312 Fond Du Lac Ave, Milwaukee, WI 53218
      View Details
    • $479,900
      0.22 Acres

      Well-Maintained 8-Unit Apartment Building

      Solid investment property near amenities and transportation in Milwaukee.
      4801 N 66Th St, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      8,080 SF

      Two-Level Commercial Office Building

      Two-level commercial office building with multiple offices and parking.
      7212 W Fond Du Lac Ave, Milwaukee, WI 53218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Silver Spring Retail Opportunity

      Retail space with drive-through potential in Silver Spring.
      5540 West Silver Spring Dr, Milwaukee, WI 53218
      View Details
    • Contact for pricing
      7,850 SF

      Professionally Managed Flex Space

      Single-story flex buildings with dock and drive-in loading.
      6629-6643 W Mill Rd, Milwaukee, WI 53218
      View Details
    • Contact for pricing

      Milwaukee Flex / Industrial Space

      Flex, industrial, and office spaces available for lease in Milwaukee.
      5840 N 60Th St, Milwaukee, WI 53218
      View Details
    • Contact for pricing

      Single Tenant Commercial Building ForRent

      Single tenant commercial building with high visibility, bus line access.
      6246-6312 W Fond Du Lac Ave, Milwaukee, WI 53218
      View Details
    • $18 SF/Yr
      1,260 SF

      Redeveloped Retail Center For Rent

      Retail space available in a newly redeveloped shopping center.
      5821 West Silver Spring Dr, Milwaukee, WI 53218
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Milwaukee, Wisconsin.
      6601-6671 W Mill Rd, Milwaukee, WI 53218
      View Details
    View Listing
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    6101 W Mill Rd
    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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