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    6789 N Port Washington Rd Glendale, WI 53217
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    6789 N Port Washington Rd Glendale, WI 53217

    View on Map
    • Community centers
    • 5,684 SF
    • 1.25 lot acres
    For Sale
    $1,400,000
    View Listing →
    Glendale Retail Space For Sale For Sale
    $1,400,000
    5,525 SF

    Glendale Retail Space For Sale

    Retail space available for purchase in Glendale, Wisconsin.

    6789 N Port Washington Rd, Glendale, WI 53217
    View Listing
    Property ID
    US92-0173094
    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

    • Community centers

    Property Details for 6789 N Port Washington Rd

    Year built
    2020
    Lot size
    1.25 lot acres
    Property size
    5,684 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    128-8966-011
    APU
    1288966011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,245,000
      ML approach
      $4,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9136
    Latitude
    43.1409
    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
    2023
    $45,763
    $1,199,300
    $472,700
    $1,672,000
    -
    $0.00
    $0.00
    $2,277,300

    Comparable in this City

    • Value Estimation
      $1,570,000
      13,614 SF

      6150 Prt Washington Rd

      MINI-MALL • 13,614 SF
      6150 Prt Washington Rd, Glendale, WI 53217-4309
      View Details
    • Value Estimation
      $1,875,000
      11,748 SF

      5464 66th N Prt Washington Rd

      MINI-MALL • 11,748 SF
      5464 66th N Prt Washington Rd, Glendale, WI 53217-4925
      View Details
    • Value Estimation by Request
      3,000 SF

      5966 Santa Monica Blvd

      Lifestyle centers • 3,000 SF
      5966 Santa Monica Blvd, Whitefish Bay, WI 53217
      View Details
    • Value Estimation by Request
      998,316 SF

      5800 Bayshore Dr

      Lifestyle centers • 998,316 SF
      5800 Bayshore Dr, Glendale, WI 53217
      View Details
    • Value Estimation
      $3,125,000
      12,000 SF

      5518 24th N Prt Washington Rd

      MINI-MALL • 12,000 SF
      5518 24th N Prt Washington Rd, Glendale, WI 53217-4920
      View Details
    • Value Estimation
      $1,715,000
      15,000 SF

      635 Silver Spg Dr, Unit 95

      MINI-MALL • 15,000 SF
      635 Silver Spg Dr, Glendale, WI 53217-4922
      View Details

    Similar Nearby for Sale

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      Iconic Mixed-Use Retail Building

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      Whitefish Bay Commercial Building Portfolio

      Exceptional commercial building portfolio in the heart of Whitefish Bay.
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      Retail Space Near Bayshore Centre

      Retail space for sale near high-traffic shopping center.
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      Retail Building on Corner Location

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      Glendale Automotive Property For Sale

      Automotive property in Glendale, WI, with high traffic volume.
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    Similar Nearby for Lease

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      3,482 SF

      Retail Space in High-Visibility Center

      Retail space available in a highly visible shopping center.
      8739 N Port Washington Rd, Fox Point, WI 53217
      View Details
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      1,857 SF

      Redevelopment Opportunity in Bayshore

      Retail and dining spaces available in a redeveloping open-air center.
      400-500 W Silver Spring Dr, Glendale, WI 53217
      View Details
    • $28 SF/Yr
      1,544 SF

      Retail Space in High-Traffic Center

      Inline retail space available for sublease in Glendale, Wisconsin.
      5312-5336 N Port Washington Rd, Glendale, WI 53217
      View Details
    • Contact for pricing
      4,117 SF

      Retail Space in Prime Location

      Retail space available in a convenient North Shore location.
      8820-8850 N Port Washington Rd, Bayside, WI 53217
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      Retail Space in Prime Location

      Retail space available in a convenient North Shore location.
      8820 N Port Washington Rd, Bayside, WI 53217
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent at Bayshore Drive.
      5800 North Bayshore Dr, Glendale, WI 53217
      View Details
    View Listing
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    Glendale, WI 53217
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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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    6789 N Port Washington Rd, Glendale, WI, 53217
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