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    7015 Brown Deer Rd Milwaukee, WI 53223
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    Property profile & analytics

    7015 Brown Deer Rd, Milwaukee, WI 53223

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    • Specialty properties
    • 10,153 SF
    • 1.79 lot acres
    Off-Market
    Last Sale Jun 21, 2024
    Property ID
    US92-0936616
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 7015 Brown Deer Rd

    Year built
    1976
    Lot size
    1.79 lot acres
    Zone code
    NS1
    Property type
    Specialty properties
    APN
    044-9972-100
    APU
    449972100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2024 — Fip Master Funding Xviii LLC — Deed · related —
    Jul 12, 2024 — Fpg Intermediate Holdco LLC — Deed · related $560.4M · Bmo Bank NA
    Jun 21, 2024 — Cascade Funeral Directors INC Fip Master Funding Xviii LLC Lease —
    Jan 5, 2023 $1,089,600 Fpg Wisconsin LLC Krause Properties LLC Warranty Deed —
    Oct 17, 2018 — Krause Properties LLC — Deed · related $200k · National Exchange Bk&tr
    Jul 22, 2011 — Krause Properties LLC Jdw Realty Co Grant Deed · related —
    — — Krause Properties LLC — Deed Of Trust · related $800k · Investorsbank
    — — Krause Properties LLC — Deed Of Trust · related $1.1M · Investorsbank
    — — Krause Properties LLC — Deed Of Trust · related —
    — — Krause Properties LLC — Loan Modification · related $3.1M · Investorsbank
    — — Krause Properties LLC — Deed Of Trust · related $200k · National Exchange Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $664,000
      Market price range: $305k - $664k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $465,000
      Current use
      MEDICAL BUILDING
      $785,000
      Change: +68% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $690,000
      Change: +48% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $565,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $545,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $525,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9976
    Latitude
    43.1773
    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
    $23,543
    $278,800
    $710,000
    $988,800
    -
    $278,800
    $710,000
    $988,800

    Comparable in this City

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      $630,000
      29,200 SF

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      1.03 Acres

      9210 75th St

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      9,920 SF

      7225 76th St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7225 76th St, Milwaukee, WI 53223-4501
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      5,366 SF

      9075 76th St

      FUNERAL HOME
      9075 76th St, Milwaukee, WI 53223-1903
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      1.00 Acre

      6401 Prt Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      6401 Prt Ave, Milwaukee, WI 53223-4156
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    • Value Estimation by Request
      11,597 SF

      7330 76th St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7330 76th St, Milwaukee, WI 53223-4504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,768 SF

      5221 W Beaver Creek Pkwy, Brown Deer, WI 53223

      Specialty properties
      5221 W Beaver Creek Pkwy, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      4.33 Acre Development Site

      Development site with visibility and utilities available.
      8875 N 76Th St, Milwaukee, WI 53223
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      37,300 SF

      Former Auto Dealership For Sale

      Former auto dealership with additional income from secondary building.
      8301 N 76Th St, Milwaukee, WI 53223
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      13,500 SF

      Retail Space on Brown Deer

      First generation retail suite available for rent in Brown Deer.
      5506-5530 W Brown Deer Rd, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      2,096 SF

      Customizable Warehouse Space For Sale

      Unique, customizable warehouse space with HVAC, security, and 24-hour access.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease.
      9153 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      43,560 SF

      Brown Deer Road Retail Outlot

      Prime 1-acre retail development site.
      4300 Brown Deer Rd, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space with high traffic on W Brown Deer Rd.
      8101 W Brown Deer Rd, Milwaukee, WI 53223
      View Details
    • Contact for pricing

      Brown Deer Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      9055 N 51St St, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Customizable Warehouse Space Available

      Adaptable warehouse spaces with modern amenities for diverse uses.
      8949 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Office/Retail Space in Bradley Square

      Office/retail space with vibrant mix of tenants and high traffic.
      7919 N 76Th St, Milwaukee, WI 53223
      View Details
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    7015 Brown Deer Rd
    Milwaukee, WI 53223
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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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