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    6980 N Port Washington Rd Glendale, WI 53217

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    6980 N Port Washington Rd Glendale, WI 53217

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    • Office buildings
    • 28,031 SF
    • 1.94 lot acres
    For Lease
    $1,470,000
    View Listing →
    Office Space Available For Lease For Lease
    $1,470,000

    Office Space Available For Lease

    Office property available for lease in Glendale, Wisconsin.

    6980 N Port Washington Rd, Glendale, WI 53217
    View Listing
    Property ID
    US92-1113974
    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

    • 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 6980 N Port Washington Rd

    Year built
    1998
    Lot size
    1.94 lot acres
    Property size
    28,031 SF
    Property type
    Office buildings
    APN
    128-8971-001
    APU
    1288971001

    Description

    This exceptional Class A office building, located at 6980 N Port Washington Road in Glendale, Wisconsin, offers a rare opportunity to lease executive office space in Milwaukee County. Built in 1998, the property boasts a total of 15,627 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,347 square feet to a maximum contiguous space of 14,280 square feet, providing flexibility for businesses of various sizes. The building's prime location in Glendale, Wisconsin, zip code 53217, offers convenient access to major transportation routes and amenities. Ample parking is provided, with a ratio of 4.00 parking spaces per 1,000 square feet of office space. This property is ideal for businesses seeking a modern, efficient, and well-located office environment. The building's professional executive office subtype ensures a sophisticated and productive workspace. Contact us today to learn more about leasing opportunities and to schedule a viewing of this exceptional property. The entire 15,627 square feet is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,966,000
      Market price range: $1.18M - $3.45M
      AI Estimate
      $1,620,000
      Market price range: $877k - $2.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,220,000
      Current use
      COMMERCIAL (GENERAL)
      $2,430,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9121
    Latitude
    43.1436
    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
    $87,382
    $1,650,000
    $1,636,400
    $3,286,400
    -
    $0.00
    $0.00
    $3,961,400

    Comparable in this City

    • Value Estimation
      $505,000
      8,050 SF

      325 Silver Spg Dr

      OFFICE BUILDING • 8,050 SF
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      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
      $725,000
      20,238 SF

      5205 Ironwood Rd

      OFFICE BUILDING • 20,238 SF
      5205 Ironwood Rd, Glendale, WI 53217-4907
      View Details
    • Value Estimation
      $1,370,000
      29,816 SF

      7020 40th N Prt Washington Rd

      OFFICE BUILDING • 29,816 SF
      7020 40th N Prt Washington Rd, Glendale, WI 53217-3800
      View Details

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      262,449 SF

      262,449 SF Commercial Property

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      Multi-Tenant Medical Property For Sale

      Fully leased medical property with stable, predictable cash flow.
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      Glendale Commercial Building For Sale

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    Similar Nearby for Lease

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      9,800 SF

      Fox Point Office Building For Lease

      Three-story office building with redevelopment potential in Fox Point.
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      View Details
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      Professionally Managed Office Building For Rent

      Office building with ample parking, natural light, and river views.
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      Mixed-Use Building in Whitefish Bay

      Two-story mixed-use building with office and retail space available.
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    • $26 SF/Yr

      Whitefish Bay Retail/Office Space

      First floor inline space in desirable Whitefish Bay location.
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      View Details
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      2,600 SF

      Mixed-Use Building in Prime Location

      Two-story mixed-use building with office and retail space available.
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      Flexible Global Workspace Solutions

      Tailored office spaces with coworking and virtual options available.
      500 W Silver Spring 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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    6980 N Port Washington Rd, Glendale, WI, 53217

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