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    6200 Bluemound Rd Milwaukee, WI 53213-4145
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    Property profile & analytics

    6200 Bluemound Rd, Milwaukee, WI 53213-4145

    View on Map
    • Office buildings
    • 0.98 lot acres
    Off-Market
    Property ID
    US92-0703679
    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

    • Dr. Michael J. Bernklau, DDS / Dental Office
    • Wisconsin Health Fund: Guerrero Jason C DDS / Dental Office
    • Dr. Krissy Christopoulos, DDS / Dental Office
    • Wisconsin Health Fund Medical and Dental Center / Dental Office
    • Valusek James K DDS / Dental Office

    Property Details for 6200 Bluemound Rd

    Lot size
    0.98 lot acres
    Zone code
    LB2
    Property type
    Office buildings
    APN
    384-0212-100
    APU
    3840212100

    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
    -87.9905
    Latitude
    43.0367
    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
    $111
    $150,000
    $850,000
    $1,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $800,000
      7,200 SF

      224 76th St

      OFFICE BUILDING (MULTI-STORY)
      224 76th St, Milwaukee, WI 53213-3532
      View Details
    • Value Estimation
      $3,605,000
      102,000 SF

      912 Hawley Rd

      OFFICE BUILDING (MULTI-STORY)
      912 Hawley Rd, Milwaukee, WI 53213-3222
      View Details
    • Value Estimation
      $550,000
      5,150 SF

      6300 Bluemound Rd

      OFFICE BUILDING (MULTI-STORY)
      6300 Bluemound Rd, Milwaukee, WI 53213-4147
      View Details
    • Value Estimation by Request
      2,515 SF

      5941 Bluemound Rd

      OFFICE BUILDING (MULTI-STORY)
      5941 Bluemound Rd, Milwaukee, WI 53213-4227
      View Details
    • Value Estimation by Request
      2,400 SF

      328 76th St

      OFFICE BUILDING
      328 76th St, Milwaukee, WI 53213
      View Details
    • Value Estimation
      $1,830,000
      17,530 SF

      811 Hawley Rd

      OFFICE BUILDING (MULTI-STORY)
      811 Hawley Rd, Milwaukee, WI 53213-3289
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Wauwatosa Office Building For Sale

      Office building with income in place, ideal for owner/user.
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      2,400 SF

      Stand Alone Office Building

      Stand alone office building with garage and corner visibility.
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      3,874 SF

      Updated Office Space in Wauwatosa

      Updated 3,874 SF office space for rent.
      6222 W State St, Wauwatosa, WI 53213
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    • Contact for pricing
      1,200 SF

      Downtown Wauwatosa Office Space

      Office space in downtown Wauwatosa with high traffic.
      7416-7430 Harwood Ave, Milwaukee, WI 53213
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    • Contact for pricing
      8,991 SF

      Five-Unit Building Near Medical Complex

      Five-unit building near Milwaukee's Regional Medical Complex.
      7954 Harwood Ave, Wauwatosa, WI 53213
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    Similar Nearby for Lease

    • Contact for pricing
      2,212 SF

      Wauwatosa Village Office Suites

      Office suites in the heart of Wauwatosa's vibrant village.
      1414 Underwood Ave, Wauwatosa, WI 53213
      View Details
    • Contact for pricing

      Wauwatosa Office Space Available

      Office space available for rent in Wauwatosa, Wisconsin.
      1417 N Wauwatosa Ave, Wauwatosa, WI 53213
      View Details
    • Contact for pricing
      2,250 SF

      Wauwatosa Restaurant Opportunity For Rent

      Restaurant space for rent with kitchen appliances included.
      7200 W North Ave, Wauwatosa, WI 53213
      View Details
    • $15 SF/Yr
      3,000 SF

      Milwaukee/Wauwatosa Flex/Industrial Space

      Flex/industrial space near 76th & Center in Milwaukee/Wauwatosa.
      2622 North Wauwatosa Ave, Wauwatosa, WI 53213
      View Details
    • $25 SF/Yr
      4,626 SF

      North Avenue Retail Space Available

      Redeveloped retail space in high-density area, 1,142-4,626 SF.
      6715 West North Ave, Wauwatosa, WI 53213
      View Details
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    Milwaukee, WI 53213-4145
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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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