Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7000 State St Wauwatosa, WI 53213-2728
    Back to Search
    Property profile & analytics

    7000 State St, Wauwatosa, WI 53213-2728

    View on Map
    • Commercial real estate
    • 1.05 lot acres
    Off-Market
    Property ID
    US92-0601063
    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

    • Commercial real estate

    Property Details for 7000 State St

    Lot size
    1.05 lot acres
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    370-0235-02
    APU
    370023502

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Outpost Natural Foods Cooperat — Deed Of Trust · related $2.1M · American Family Life Ins Corp
    — — Outpost Natural Foods Cooperat — Deed Of Trust · related $400k · Economic Dev Corp Milwaukee

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wauwatosa
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9999
    Latitude
    43.0478
    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
    $69,892
    $1,830,800
    $1,379,100
    $3,209,900
    -
    $0.00
    $0.00
    $3,804,100

    Comparable in this City

    • Value Estimation by Request
      3.22 Acres

      8138 Harwood Ave

      COMMERCIAL (GENERAL)
      8138 Harwood Ave, Wauwatosa, WI 53213-2529
      View Details
    • Value Estimation by Request
      2.12 Acres

      8108 Harwood Ave

      COMMERCIAL (GENERAL)
      8108 Harwood Ave, Wauwatosa, WI 53213-2529
      View Details
    • Value Estimation by Request
      0.52 Acres

      7954 Harwood Ave

      COMMERCIAL (GENERAL)
      7954 Harwood Ave, Wauwatosa, WI 53213-2512
      View Details
    • Value Estimation
      $2,430,000
      25,773 SF

      8318 Bluemound Rd

      COMMERCIAL (GENERAL)
      8318 Bluemound Rd, Wauwatosa, WI 53213
      View Details
    • Value Estimation
      $2,745,000
      19,142 SF

      7439 Harwood Ave

      COMMERCIAL (GENERAL)
      7439 Harwood Ave, Wauwatosa, WI 53213-2662
      View Details
    • Value Estimation
      $730,000
      5,701 SF

      6817 Wn Ave

      COMMERCIAL (GENERAL)
      6817 Wn Ave, Wauwatosa, WI 53213-1938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,874 SF

      Updated Office Space in Wauwatosa

      Updated 3,874 SF office space for rent.
      6222 W State St, Wauwatosa, WI 53213
      View Details
    • Contact for pricing

      Wauwatosa Village Retail Opportunity

      High-traffic retail space with dedicated parking in Wauwatosa's Village.
      7400 West State St, Wauwatosa, WI 53213
      View Details
    • Contact for pricing

      High-Visibility Office Building For Sale

      2,400 SF office building with prime location and ample storage.
      332-328 N 76Th St, Milwaukee, WI 53213
      View Details
    • Contact for pricing

      Spacious Triplex in Wauwatosa

      Jumbo triplex in Wauwatosa with updated units and ample storage.
      7002 W Wisconsin Ave, Wauwatosa, WI 53213
      View Details
    • New
      $399,900
      0.14 Acres

      Charming Duplex in Prime Location

      Bungalow-style duplex in Wauwatosa with hardwood floors and updates.
      932 N 68Th St, Wauwatosa, WI 53213
      View Details
    • New
      $374,900
      0.11 Acres

      Two-Unit Duplex with Separate Meters

      Wauwatosa duplex with two 2BR/1BA units, shared laundry basement, and separate gas/electric meters for each unit.
      2660 N 63Rd St, Wauwatosa, WI 53213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wauwatosa Office Space Available

      Office space available for rent in Wauwatosa, Wisconsin.
      1417 N Wauwatosa Ave, Wauwatosa, WI 53213
      View Details
    • Contact for pricing
      2,212 SF

      Wauwatosa Village Office Suites

      Office suites in the heart of Wauwatosa's vibrant village.
      1414 Underwood Ave, Wauwatosa, WI 53213
      View Details
    • $25 SF/Yr
      4,626 SF

      North Avenue Retail Space Available

      Redeveloped retail space in high-density area, 1,142-4,626 SF.
      6715 West North Ave, Wauwatosa, WI 53213
      View Details
    • $15 SF/Yr
      3,000 SF

      Milwaukee/Wauwatosa Flex/Industrial Space

      Flex/industrial space near 76th & Center in Milwaukee/Wauwatosa.
      2622 North Wauwatosa Ave, Wauwatosa, WI 53213
      View Details
    • Contact for pricing
      2,250 SF

      Wauwatosa Restaurant Opportunity For Rent

      Restaurant space for rent with kitchen appliances included.
      7200 W North Ave, Wauwatosa, WI 53213
      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.
    7000 State St
    Wauwatosa, WI 53213-2728
    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
    7000 State St, Wauwatosa, WI, 53213
    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!