Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7040 Grn Bay Ave Glendale, WI 53209-2834
    Back to Search
    Property profile & analytics

    7040 Grn Bay Ave Glendale, WI 53209-2834

    View on Map
    • Office buildings
    • 3,017 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US92-3519638
    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

    • Office buildings

    Property Details for 7040 Grn Bay Ave

    Year built
    1980
    Lot size
    0.42 lot acres
    Property size
    3,017 SF
    Property type
    Office buildings
    APN
    125-9002-000
    APU
    1259002000

    Description

    This exceptional two-story office building, located at 7040 N Green Bay Ave in Glendale, Wisconsin, offers 4,800 square feet of versatile executive office space. Currently, the entire building is available for lease, providing a unique opportunity for a single tenant or multiple tenants seeking contiguous space. The minimum divisible space is 1,260 square feet, while the maximum contiguous space available is 2,022 square feet, offering flexibility to accommodate various business needs. Built in 1980, this property sits on a 0.416-acre lot and is zoned G-2 Commercial, allowing for a range of commercial uses. The building's address is 7040 N Green Bay Ave, Glendale, WI 53209, in Milwaukee County. Its convenient location provides easy access to major transportation routes and amenities. The property features a total of 4,800 square feet, spread across two stories, presenting a substantial opportunity for businesses seeking a prominent presence in Glendale. The property's APN is 1259002. This is an excellent opportunity to secure a well-located, sizable office space in a thriving commercial area. Inquire today to learn more about leasing options and explore the possibilities this property offers.

    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
    Glendale
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.936
    Latitude
    43.1459
    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
    $10,723
    $127,000
    $279,500
    $406,500
    -
    $0.00
    $0.00
    $490,000

    Comparable in this City

    • Value Estimation
      $2,975,000
      25,948 SF

      5650 Grn Bay Ave

      OFFICE BUILDING • 25,948 SF
      5650 Grn Bay Ave, Glendale, WI 53209-4446
      View Details
    • Value Estimation
      $640,000
      15,527 SF

      6580 40th St

      OFFICE BUILDING • 15,527 SF
      6580 40th St, Milwaukee, WI 53209-3004
      View Details
    • Value Estimation by Request
      3,490 SF

      2602 Silver Spg Dr

      OFFICE BUILDING • 3,490 SF
      2602 Silver Spg Dr, Glendale, WI 53209-4292
      View Details
    • Value Estimation
      $825,000
      15,084 SF

      3100 Vera Ave, Unit 20

      OFFICE BUILDING • 15,084 SF
      3100 Vera Ave, Glendale, WI 53209-2511
      View Details
    • Value Estimation by Request
      4,200 SF

      2845 Stark St

      OFFICE BUILDING • 4,200 SF
      2845 Stark St, Milwaukee, WI 53209-5419
      View Details
    • Value Estimation
      $525,000
      4.17 Acres

      3101 Custer Ave

      PROFESSIONAL BUILDING • 4.17 Acres
      3101 Custer Ave, Milwaukee, WI 53209-4827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,837 SF

      Mixed-Use Property For Sale

      Mixed-use property with industrial, office, and commercial spaces available.
      6820 N 43Rd St, Brown Deer, WI 53209
      View Details
    • $490,000
      6,327 SF

      Villard Avenue Commercial Property

      Commercial property suitable for daycare, retail, office, or service use.
      3311 W Villard Ave, Milwaukee, WI 53209
      View Details
    • $139,900
      0.11 Acres

      Milwaukee Duplex Ready for Cashflow

      Great duplex, rented and ready to generate cashflow.
      4566 N 28Th St, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      4,356 SF

      Development Site on Teutonia Avenue

      City of Milwaukee tax foreclosed development site for sale.
      5629 North Teutonia Ave, Milwaukee, WI 53209
      View Details
    • $1,500,000
      70,000 SF

      Fenced Property with Outdoor Storage

      Industrial property featuring secure fencing and outdoor storage space.
      2300-2324 W Cornell St, Milwaukee, WI 53209
      View Details
    • $140,000
      0.25 Acres

      Milwaukee Duplex with Old Charm

      Two-unit duplex with old world charm in Milwaukee, Wisconsin.
      4531 N 29Th St, Milwaukee, WI 53209
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      49,093 SF

      Glendale Office Building For Rent

      Office building in Glendale, Wisconsin, 15 minutes from Milwaukee.
      5757 North Green Bay Ave, Glendale, WI 53209
      View Details
    • Contact for pricing

      Renovated Office Space in Glendale

      Modern, renovated office building with updated amenities and efficient floorplans.
      7101 N Green Bay Ave, Glendale, WI 53209
      View Details
    • Contact for pricing

      Milwaukee Office Space for Rent

      Office building near major thoroughfares and public transit.
      5757 N Green Bay Ave, Milwaukee, WI 53209
      View Details
    • Contact for pricing
      1,182 SF

      Office Space in Brown Deer

      Office space available for rent in a great location.
      4295 W Bradley Rd, Brown Deer, WI 53209
      View Details
    • Contact for pricing
      1,250 SF

      Renovated Office Space in Glendale

      Modern, renovated office space with updated amenities and convenient location.
      7101 N Green Bay Ave, Glendale, WI 53209
      View Details
    • $14 SF/Yr

      Glendale Medical Center Office Space

      Modern medical office space available for lease in Glendale.
      5650 North Green Bay Rd, Milwaukee, WI 53209
      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.
    7040 Grn Bay Ave
    Glendale, WI 53209-2834
    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
    7040 Grn Bay Ave, Glendale, WI, 53209
    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!