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

    6550 40th St Milwaukee, WI 53209-3004

    • Warehouses
    • 21,692 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Oct 26, 2021
    $530,000
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0820948
    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

    • K&M Tire / Warehouse / Distribution Service

    Property Details for 6550 40th St

    Year built
    1973
    Lot size
    1.59 lot acres
    Property size
    21,692 SF
    Zone code
    IL1
    Property type
    Warehouses
    APN
    137-9973-100
    APU
    1379973100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $945,000
      Market price range: $466k - $1.58M
      AI Estimate
      $718,000
      Market price range: $464k - $1.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $985,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9612
    Latitude
    43.1371
    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
    $11,407
    $79,600
    $399,500
    $479,100
    -
    $79,600
    $399,500
    $479,100

    Comparable in this City

    • Value Estimation
      $2,385,000
      36,050 SF

      6651 Sidney Pl, Unit 69

      WAREHOUSE, STORAGE • 36,050 SF
      6651 Sidney Pl, Glendale, WI 53209-3217
      View Details
    • Value Estimation
      $1,245,000
      29,300 SF

      7254 Teutonia Ave

      WAREHOUSE, STORAGE • 29,300 SF
      7254 Teutonia Ave, Milwaukee, WI 53209-2004
      View Details
    • Value Estimation
      $60,000
      1,100 SF

      4274 4276th N Teutonia Ave

      WAREHOUSE, STORAGE • 1,100 SF
      4274 4276th N Teutonia Ave, Milwaukee, WI 53209
      View Details
    • Value Estimation
      $940,000
      10,508 SF

      4025 Ml Rd

      WAREHOUSE, STORAGE • 10,508 SF
      4025 Ml Rd, Milwaukee, WI 53209-3059
      View Details
    • Value Estimation
      $940,000
      193,000 SF

      5300 33rd St

      WAREHOUSE, STORAGE • 193,000 SF
      5300 33rd St, Milwaukee, WI 53209-4825
      View Details
    • Value Estimation
      $4,525,000
      145,264 SF

      6201 35th St

      WAREHOUSE, STORAGE • 145,264 SF
      6201 35th St, Milwaukee, WI 53209-3651
      View Details

    Similar Nearby for Sale

    • $538,000
      5,400 SF

      Glendale Warehouse with Highway Access

      Warehouse with office space and convenient highway access.
      6151 N Flint Rd, Glendale, WI 53209
      View Details
    • $1,250,000
      39,479 SF

      Industrial Building with Rail Access

      39,479 SF industrial building with rail access for sale.
      4033 W Custer Ave, Milwaukee, WI 53209
      View Details
    • $2,000,000
      51,566 SF

      Milwaukee Industrial Facility - $2M

      51,566 SF Manufacturing/Warehouse. Prime location.
      6770 43Rd St, Milwaukee, WI 53209
      View Details
    • $1,300,000
      37,837 SF

      Milwaukee Industrial/Office Complex

      37,837 SF Mixed-Use Building, $1.3M
      6820 43Rd St, Milwaukee, WI 53209
      View Details
    • $1,500,000
      70,000 SF

      Fenced Property with Outdoor Storage

      Industrial property featuring secure fencing and outdoor storage space.
      2300-2324 W Cornell St, Milwaukee, WI 53209
      View Details
    • $1,600,000
      70,000 SF

      Milwaukee Industrial Flex Space

      70,000 SF Flex Space - $1.6M
      2300 Cornell St, Milwaukee, WI 53209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,513 SF

      Industrial Space with Secured Parking

      Sublease opportunity with heated parking and updated offices.
      2101 W Purdue St, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      42,040 SF

      Milwaukee Industrial Space For Lease

      42,040 SF Warehouse/Manufacturing Space
      5400 Teutonia Ave, Milwaukee, WI 53209
      View Details
    • $8 SF/Yr
      3,000 SF

      Versatile Space in Glendale, Wisconsin

      Adaptable space for warehouse, manufacturing, office, and service uses.
      1720-1740 W Florist Ave, Glendale, WI 53209
      View Details
    • $6 SF/Yr
      3,285 SF

      Industrial Warehouse Space Available

      3,285 SF warehouse space for lease in Milwaukee.
      5601 W Hemlock St, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      51,566 SF

      Milwaukee Industrial Warehouse For Sale/Lease

      Prime Milwaukee manufacturing space, flexible options.
      6770 43Rd St, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      53,234 SF

      Warehouse Space with Parking

      Sublease opportunity: warehouse with minimal office space and parking.
      2201 W Purdue St, Milwaukee, WI 53209
      View Details
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    6550 40th St
    Milwaukee, WI 53209-3004
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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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