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    Property profile & analytics

    6944 Prt Washington Rd Glendale, WI 53217-3923

    • Office buildings
    • 13,704 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Mar 20, 2025
    $725,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0650939
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6944 Prt Washington Rd

    Year built
    1972
    Lot size
    0.52 lot acres
    Property size
    13,704 SF
    Property type
    Office buildings
    APN
    128-8986-000
    APU
    1288986000

    Description

    This exceptional 9,691 square foot Class B office building presents a unique opportunity for owner-users or redevelopment in Glendale, Wisconsin. Located at 6944 N Port Washington Road, this multi-tenant property boasts impeccable visibility on a major thoroughfare, near a new Aldi and Starbucks. The building sits on a 0.67-acre lot and includes 37 on-site parking spaces, with convenient building access from the rear. The property is zoned B1 and offers monument signage, providing excellent branding opportunities. Its strategic location provides easy access to I-43 via Good Hope Road, benefiting from strong area demographics and high traffic counts. The asking price is $1,215,000, translating to $125.37 per square foot. The property's APN is 128-8986-000. This presents a compelling investment opportunity due to its prime location, ample parking, and potential for either continued operation as an office building or redevelopment to suit a variety of uses. The existing building offers significant potential for a savvy investor or business owner seeking a high-visibility location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $679,000
      Market price range: $577k - $1.68M
      AI Estimate
      $559,000
      Market price range: $429k - $1.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9124
    Latitude
    43.1431
    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
    $30,123
    $400,000
    $735,300
    $1,135,300
    -
    $0.00
    $0.00
    $1,368,500

    Comparable in this City

    • Value Estimation
      $725,000
      20,238 SF

      5205 Ironwood Rd

      OFFICE BUILDING • 20,238 SF
      5205 Ironwood Rd, Glendale, WI 53217-4907
      View Details
    • Value Estimation
      $505,000
      8,050 SF

      325 Silver Spg Dr

      OFFICE BUILDING • 8,050 SF
      325 Silver Spg Dr, Glendale, WI 53217-5000
      View Details
    • Value Estimation by Request
      3,546 SF

      6110 Prt Washington Rd

      OFFICE BUILDING • 3,546 SF
      6110 Prt Washington Rd, Glendale, WI 53217-4308
      View Details
    • Value Estimation
      $945,000
      8,815 SF

      7161 Prt Washington Rd

      OFFICE BUILDING • 8,815 SF
      7161 Prt Washington Rd, Glendale, WI 53217-3877
      View Details
    • Value Estimation
      $1,260,000
      18,288 SF

      5555 Prt Washington Rd

      OFFICE BUILDING • 18,288 SF
      5555 Prt Washington Rd, Glendale, WI 53217-4929
      View Details
    • Value Estimation
      $1,470,000
      28,031 SF

      6980 Prt Washington Rd

      OFFICE BUILDING • 28,031 SF
      6980 Prt Washington Rd, Glendale, WI 53217-3900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,426 SF

      Well-Maintained Office and Medical Building

      Office and medical building with great visibility and freeway access.
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      Glendale Medical Office Building

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    • Contact for pricing
      233,328 SF

      Glendale Industrial/Office Complex

      233,328 SF, prime Northshore location.
      5055 Lydell Ave, Glendale, WI 53217
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    • New
      $262,000
      1,502 SF

      Mixed-Use Property in Glendale, WI

      Mixed-use property with business zoning, convenient location, and residential space.
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      Exceptional Retail & Office Investment
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    Similar Nearby for Lease

    • $12 SF/Yr
      14,986 SF

      North Shore Office Space Available

      Divisible office building with ample parking and redevelopment potential.
      8050 N Port Washington Rd, Milwaukee, WI 53217
      View Details
    • $6 SF/Yr
      6,249 SF

      Bayside Office Space for Lease

      Flexible Workspace Solutions in Bayside, WI
      555 Brown Deer Rd, Bayside, WI 53217
      View Details
    • $18 SF/Yr
      19,898 SF

      Silver Spring Drive Office Suites

      Executive office space, prime location.
      121 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details
    • $17 SF/Yr
      21,114 SF

      Glendale Executive Office Space

      Prime Glendale location, multiple suites available.
      5225 Ironwood Rd, Glendale, WI 53217
      View Details
    • $24 SF/Yr
      20,515 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
    • Contact for pricing

      Bayshore Town Center

      Workspaces, services and support to help you work better in Shelton
      500 Silver Spring Dr, Glendale, WI 53217
      View Details
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    Glendale, WI 53217-3923
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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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