Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6881 10th St Oak Creek, WI 53154-1417
    Back to Search
    Property profile & analytics

    6881 10th St, Oak Creek, WI 53154-1417

    View on Map
    • Industrial properties
    • 1.98 lot acres
    Off-Market
    Last Sale May 14, 2024
    $2,550,000
    Property ID
    US92-0845243
    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
    $2,550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neo Brake Systems Inc / Auto Parts Store

    Property Details for 6881 10th St

    Lot size
    1.98 lot acres
    Property type
    Industrial properties
    APN
    735-9024-000
    APU
    7359024000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2024 $2,550,000 Liancheng USA INC Ballew LLC Warranty Deed —
    Aug 17, 2020 — Ballew LLC — Deed · related $1.2M · Spring Bank
    Sep 9, 2019 — Ballew LLC — Grant Deed · related $1.2M · Commerce St Bk
    Jul 5, 2018 — Ballew LLC — Deed · related $250k · Town Bank
    Jan 3, 2018 — Ballew LLC — Deed · related $500k · Town Bank
    Jun 27, 2007 — Ballew LLC — Grant Deed · related $1.3M · Privatebank
    — — Ballew LLC — Deed Of Trust · related $880k · Town Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,550,000
      ML approach
      $2,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Creek
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9274
    Latitude
    42.9202
    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
    $18,782
    $174,100
    $793,300
    $967,400
    -
    $0.00
    $0.00
    $1,021,100

    Comparable in this City

    • Value Estimation by Request
      60,800 SF

      6Th St

      Flex space
      0 6Th St, Oak Creek, WI 53154
      View Details
    • Value Estimation
      $740,000
      23.29 Acres

      111 Oakview Pkwy

      INDUSTRIAL (GENERAL)
      111 Oakview Pkwy, Oak Creek, WI 53154-7204
      View Details
    • Value Estimation by Request
      133,499 SF

      7400 13Th St

      Distribution properties
      7400 13Th St, Oak Creek, WI 53154
      View Details
    • Value Estimation by Request
      2.64 Acres

      9781 Pennsylvania Ave

      INDUSTRIAL (GENERAL)
      9781 Pennsylvania Ave, Oak Creek, WI 53154
      View Details
    • Value Estimation
      $6,500,000
      12.37 Acres

      900 Drexel Ave

      INDUSTRIAL (GENERAL)
      900 Drexel Ave, Oak Creek, WI 53154-1924
      View Details
    • Value Estimation
      $530,000
      5.47 Acres

      7420 Howell Ave

      INDUSTRIAL (GENERAL)
      7420 Howell Ave, Oak Creek, WI 53154-2105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      191,406 SF

      Creekside Corporate Park Development Opportunity

      Class A development in established corporate park near Amazon facility.
      9955 S 13Th St, Oak Creek, WI 53154
      View Details
    • $349,900
      0.16 Acres

      Residential Lot in Lakeshore Commons

      Vacant lot in Oak Creek's premier community with amenities.
      9407 S Lake Vista Pkwy, Oak Creek, WI 53154
      View Details
    • $499,500
      13.69 Acres

      Oak Creek Vacant Land

      Almost 14 acres in Oak Creek, Wisconsin, for residential development.
      7300 S Delaine Dr, Oak Creek, WI 53154
      View Details
    • $659,900
      4.02 Acres

      Oak Creek Development Opportunity

      4+ acre vacant land in Oak Creek, Wisconsin for sale.
      170 W Ryan Rd, Oak Creek, WI 53154
      View Details
    • $675,000

      Oak Creek Land Parcel

      1.95 acres of land suitable for various commercial uses.
      124 E Rawson Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing

      Oak Creek Development Opportunity

      Land available in Oak Creek, near I-94 and Drexel Avenue.
      Creekside Xing - ±3.82 Acres - Nwc Drexel Ave, Oak Creek, WI 53154
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oak Creek Industrial Space Available

      Industrial space available for rent in Oak Creek, Wisconsin.
      400-448 W Rawson Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for single tenant occupancy.
      6418 S Howell Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      337,000 SF

      337,000 SF Distribution Warehouse

      337,000 SF building with 68 truck docks.
      S Howell Ave & College Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      38,176 SF

      Flex/R&D Space For Rent

      New flex/R&D space with loading docks and high ceilings.
      7236 S Millers Way, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      38,176 SF

      Oak Creek Flex/R&D Space

      Flex/R&D space with 18 ft clear height, dock/drive-in loading.
      7308 S Millers Way, Oak Creek, WI 53154
      View Details
    • Contact for pricing

      Oak Creek Warehouse Space Available

      Warehouse space with convenient I-94 access and interstate visibility.
      9875 Stern St, Oak Creek, WI 53154
      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.
    6881 10th St
    Oak Creek, WI 53154-1417
    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
    6881 10th St, Oak Creek, WI, 53154
    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!