Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6218 27th St Milwaukee, WI 53221-4839
    Back to Search
    Property profile & analytics

    6218 27th St, Milwaukee, WI 53221-4839

    View on Map
    • Bars & Pubs
    • 3,399 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US92-1280181
    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

    • Anticipation Sports Bar / Bar & Pub
    • LibertyX Bitcoin ATM / Atm

    Property Details for 6218 27th St

    Year built
    1939
    Lot size
    0.66 lot acres
    Zone code
    LB1
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    690-9880-100
    APU
    6909880100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2019 $275,000 Antic Properties LLC Joerndt J J Survivors Trust Grant Deed $264k · Survivor Judith J J Trust (pt)
    Jul 24, 2013 — Joerndt,judith J Trust Judith J Joerndt Quit Claim Deed · related —
    Jun 25, 2013 — Judith Joerndt Warren L Joerndt Affidavit Of Death · related —
    Feb 27, 2013 — Joerndt,warren L & Judith J Warren L Joerndt Quit Claim Deed · related —
    — — Joerndt,warren L — Deed Of Trust · related $40k · Tri Cty Nat'l Bk

    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
    -87.9486
    Latitude
    42.9321
    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
    $8,272
    $347,200
    $200
    $347,400
    -
    $347,200
    $200
    $347,400

    Comparable in this City

    • Value Estimation by Request
      2,738 SF

      5356 13th St

      BAR, TAVERN
      5356 13th St, Milwaukee, WI 53221-3608
      View Details
    • Value Estimation by Request
      2,400 SF

      4553 13th St

      BAR, TAVERN
      4553 13th St, Milwaukee, WI 53221-2447
      View Details
    • Value Estimation by Request
      2,513 SF

      703 Layton Ave

      BAR, TAVERN
      703 Layton Ave, Milwaukee, WI 53221-2424
      View Details
    • Value Estimation by Request
      3,661 SF

      5444 27th St

      BAR, TAVERN
      5444 27th St, Milwaukee, WI 53221-3726
      View Details
    • Value Estimation by Request
      2,931 SF

      5216 13th St

      BAR, TAVERN
      5216 13th St, Milwaukee, WI 53221-3604
      View Details
    • Value Estimation by Request
      5,640 SF

      2030 Howard Ave

      BAR, TAVERN
      2030 Howard Ave, Milwaukee, WI 53221-1932
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,747 SF

      Former Grocery Store Available

      Former Festival Foods location for lease or sale.
      4777 S 27Th St, Greenfield, WI 53221
      View Details
    • Contact for pricing

      Greenfield Shopping Center For Sale

      63,340 SF neighborhood shopping center in Greenfield, Wisconsin.
      6201 South 27Th St, Greenfield, WI 53221
      View Details
    • Contact for pricing

      Retail Center and Pad Site

      Retail strip center with high visibility and easy access.
      938 W Layton Ave, Milwaukee, WI 53221
      View Details
    • Contact for pricing

      Duplex with Generous Yard

      Duplex with in-unit laundry and recent updates.
      6154 S 42Nd St, Greenfield, WI 53221
      View Details
    • Contact for pricing

      32.131 Acres Land Available

      32.131 acres of land for sale.
      813 W College Ave, Milwaukee, WI 53221
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      W Loomis Rd, Milwaukee, WI 53221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space with Drive-Thru Potential

      Up to 2,500 SF retail space with drive-thru.
      3543 S 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      4,936 SF

      Retail Space in High-Traffic Area

      Retail spaces available in well-designed strip center near airport.
      938-1020 W Layton Ave, Milwaukee, WI 53221
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Milwaukee, Wisconsin.
      4715 S 27Th St, Milwaukee, WI 53221
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on High-Traffic Corner

      Retail space with high visibility at a signalized intersection.
      4715 S 27Th St, Greenfield, WI 53221
      View Details
    • Contact for pricing
      113,747 SF

      Greenfield Big Box Retail Space

      High-traffic location, 113,747 SF.
      4777 27Th St, Greenfield, WI 53221
      View Details
    • Contact for pricing

      Retail Space Near Airport

      Retail space available near major intersection and airport.
      4763 S 27Th St, Greenfield, WI 53221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6218 27th St
    Milwaukee, WI 53221-4839
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6218 27th St, Milwaukee, WI, 53221
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!