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

    6300 Bluemound Rd Milwaukee, WI 53213-4147

    • Office buildings
    • 5,150 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    $490,000
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0713305
    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

    • Wicht Dennis H / Employment Attorney / Attorney
    • Empire Home Remodeling / Remodeler

    Property Details for 6300 Bluemound Rd

    Year built
    1954
    Lot size
    0.16 lot acres
    Property size
    5,150 SF
    Zone code
    LB2
    Property type
    Office buildings
    APN
    384-0185-000
    APU
    3840185000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,045,000
      6.5%
      $965,000
      7%
      $895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $633,000
      Market price range: $217k - $633k
      AI Estimate
      $453,000
      Market price range: $121k - $454k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $410,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $875,000
      Change: +114% Conversion: Easy
      RESTAURANT
      $655,000
      Change: +61% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $615,000
      Change: +51% Conversion: Difficult
      RETAIL STORES
      $555,000
      Change: +36% Conversion: Moderate
      MEDICAL BUILDING
      $530,000
      Change: +30% Conversion: Easy
      COMMERCIAL (GENERAL)
      $480,000
      Change: +18% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $480,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.996
    Latitude
    43.0423
    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
    $8,741
    $26,900
    $897,100
    $924,000
    -
    $26,900
    $897,100
    $924,000

    Comparable in this City

    • Value Estimation
      $330,000
      2,400 SF

      328 76th St

      OFFICE BUILDING • 2,400 SF
      328 76th St, Milwaukee, WI 53213
      View Details
    • Value Estimation
      $375,000
      0.98 Acres

      6200 Bluemound Rd

      PROFESSIONAL BUILDING • 0.98 Acres
      6200 Bluemound Rd, Milwaukee, WI 53213-4145
      View Details
    • Value Estimation
      $335,000
      17,530 SF

      811 Hawley Rd

      OFFICE BUILDING (MULTI-STORY) • 17,530 SF
      811 Hawley Rd, Milwaukee, WI 53213-3289
      View Details
    • Value Estimation
      $345,000
      9,463 SF

      6310 Bluemound Rd

      OFFICE BUILDING (MULTI-STORY) • 9,463 SF
      6310 Bluemound Rd, Milwaukee, WI 53213-4147
      View Details
    • Value Estimation
      $385,000
      17,280 SF

      6525 Bluemound Rd

      OFFICE BUILDING (MULTI-STORY) • 17,280 SF
      6525 Bluemound Rd, Milwaukee, WI 53213-4073
      View Details
    • Value Estimation
      $340,000
      304 SF

      5625 Wisconsin Ave

      OFFICE BUILDING • 304 SF
      5625 Wisconsin Ave, Milwaukee, WI 53213-4257
      View Details

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      Spacious, well-maintained four-unit property near shops and restaurants.
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      Prime Milwaukee retail space, 3,512 sq ft, recently renovated.
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      Two-bedroom condo with remodeled interior and nature views.
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,806 SF

      Wauwatosa Village Office Suites

      Office suites in the heart of Wauwatosa's vibrant village.
      1414 Underwood Ave, Wauwatosa, WI 53213
      View Details
    • $20 SF/Yr
      4,182 SF

      Wauwatosa Executive Office Suite

      Prime Wauwatosa Office Space Available
      7610 State St, Wauwatosa, WI 53213
      View Details
    • $850,000
      3,874 SF

      Updated Office Space in Wauwatosa

      Updated 3,874 SF office space for rent.
      6222 W State St, Wauwatosa, WI 53213
      View Details
    • $18 SF/Yr
      14,652 SF

      Village Faire Coworking Space

      Wauwatosa Office Space Available Now
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      View Details
    • $16 SF/Yr
      1,500 SF

      Downtown Wauwatosa Office Space

      Office space in downtown Wauwatosa with high traffic.
      7416-7430 Harwood Ave, Milwaukee, WI 53213
      View Details
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    6300 Bluemound Rd
    Milwaukee, WI 53213-4147
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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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