Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6401 Prt Ave Milwaukee, WI 53223-4156

    • Specialty properties
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1222298
    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

    • Specialty properties

    Property Details for 6401 Prt Ave

    Year built
    1974
    Lot size
    1.00 lot acres
    Zone code
    RM1
    Property type
    Specialty properties
    APN
    083-0109-113
    APU
    830109113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9905
    Latitude
    43.1591
    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
    $0.00
    $43,900
    $0.00
    $43,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.03 Acres

      9210 75th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1.03 Acres
      9210 75th St, Milwaukee, WI 53223
      View Details
    • Value Estimation by Request
      9,920 SF

      7225 76th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 9,920 SF
      7225 76th St, Milwaukee, WI 53223-4501
      View Details
    • Value Estimation by Request
      5,366 SF

      9075 76th St

      FUNERAL HOME • 5,366 SF
      9075 76th St, Milwaukee, WI 53223-1903
      View Details
    • Value Estimation
      $630,000
      29,200 SF

      5555 Good Hope Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 29,200 SF
      5555 Good Hope Rd, Milwaukee, WI 53223-4705
      View Details
    • Value Estimation by Request
      2,220 SF

      7101 Good Hope Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,220 SF
      7101 Good Hope Rd, Milwaukee, WI 53223-4612
      View Details
    • Value Estimation
      $2,690,000
      67,586 SF

      6200 Good Hope Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 67,586 SF
      6200 Good Hope Rd, Milwaukee, WI 53223-4604
      View Details

    Similar Nearby for Sale

    • $1,600,000
      6,152 SF

      Brown Deer Multi-Use Business Park

      Versatile Industrial & Office Space For Sale
      9011-9045 Deerwood Dr, Brown Deer, WI 53223
      View Details
    • $699,000
      2.00 Acres

      Milwaukee Commercial Land - 2 Acres

      Prime Milwaukee location, 2-acre commercial lot.
      6940 76Th St, Milwaukee, WI 53223
      View Details
    • $402,432
      2,096 SF

      North Shore Flex Warehouse

      2,096 SF Industrial Space, $192/SF
      8949 Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      2.24 Acres

      Milwaukee Industrial Land - 2.24 Acres

      Prime Milwaukee industrial land, ideal for development.
      8045 Granville Woods Rd, Milwaukee, WI 53223
      View Details
    • $1,600,000
      16,709 SF

      Milwaukee Retail Investment Opportunity

      Prime Retail Building, High Traffic Area
      8008 Brown Deer Rd, Milwaukee, WI 53223
      View Details
    • Contact for pricing
      42,550 SF

      Milwaukee Industrial Facility For Sale

      42,550 SF industrial facility with 3,800 SF office space.
      7221 W Parkland Ct, Milwaukee, WI 53223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,839 SF

      Milwaukee Creative Office Complex

      High-visibility retail/office space for lease or sale
      7919 76Th St, Milwaukee, WI 53223
      View Details
    • $7 SF/Yr
      12,768 SF

      Brown Deer Warehouse - 12,768 SF

      Spacious warehouse, ample parking, ideal location.
      5221 Beaver Creek Pkwy, Brown Deer, WI 53223
      View Details
    • $5 SF/Yr
      79,400 SF

      Deerbrook Trail Executive Offices

      Modern Flex Space, Multiple Sizes Available
      9071 Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      25,500 SF

      Prime Brown Deer Warehouse Space

      Spacious warehouse, multiple units available.
      9009 51 St, Brown Deer, WI 53223
      View Details
    • $15 SF/Yr
      50,688 SF

      Milwaukee Retail Space For Lease

      Prime Milwaukee retail space, multiple units available.
      8020 76Th St, Milwaukee, WI 53223
      View Details
    • $5 SF/Yr
      41,545 SF

      Milwaukee Warehouse - 41,545 SF

      Prime Milwaukee warehouse, single tenant, immediate occupancy.
      6619 Calumet Rd, Milwaukee, WI 53223
      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.
    6401 Prt Ave
    Milwaukee, WI 53223-4156
    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

    Google sign-in failed. Please try again or use another login method.