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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7309 Silver Spg Dr Milwaukee, WI 53218-2852

    • Apartment buildings
    • 30,346 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $4,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0815149
    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

    • Apartment buildings

    Property Details for 7309 Silver Spg Dr

    Year built
    1961
    Lot size
    1.13 lot acres
    Property size
    30,346 SF
    Zone code
    RM2
    Property type
    Apartment buildings
    APN
    188-0027-100
    APU
    1880027100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,810,000
      6.5%
      $4,440,000
      7%
      $4,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,636,000
      Market price range: $2.73M - $7.77M
      AI Estimate
      $3,976,000
      Market price range: $1.89M - $6.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0019
    Latitude
    43.1191
    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
    $38,927
    $100,000
    $1,534,900
    $1,634,900
    -
    $100,000
    $1,534,900
    $1,634,900

    Comparable in this City

    • Value Estimation
      $1,970,000
      15,912 SF

      4938 Hampton Ave, Unit 4948

      APARTMENT HOUSE (5+ UNITS) • 15,912 SF
      4938 Hampton Ave, Milwaukee, WI 53218-5139
      View Details
    • Value Estimation
      $795,000
      8,264 SF

      4401 51st Blvd

      APARTMENT HOUSE (5+ UNITS) • 8,264 SF
      4401 51st Blvd, Milwaukee, WI 53218-5706
      View Details
    • Value Estimation by Request
      19,144 SF

      6330 Florist Ave

      APARTMENT HOUSE (5+ UNITS) • 19,144 SF
      6330 Florist Ave, Milwaukee, WI 53218-1943
      View Details
    • Value Estimation
      $5,345,000
      41,834 SF

      7800 Fond Du Lac Ave

      APARTMENT HOUSE (5+ UNITS) • 41,834 SF
      7800 Fond Du Lac Ave, Milwaukee, WI 53218-2653
      View Details
    • Value Estimation
      $1,590,000
      3,800 SF

      4468 76th St

      APARTMENT HOUSE (5+ UNITS) • 3,800 SF
      4468 76th St, Milwaukee, WI 53218-5339
      View Details
    • Value Estimation
      $1,560,000
      10,952 SF

      5153 76th St

      APARTMENT HOUSE (5+ UNITS) • 10,952 SF
      5153 76th St, Milwaukee, WI 53218-3800
      View Details

    Similar Nearby for Sale

    • $299,900

      Updated Three-Family Brick Home

      Updated three-family brick home with separate utilities and detached garage.
      7100 W Hampton Ave, Milwaukee, WI 53218
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    • $279,900

      Rare Milwaukee Triplex For Sale

      Three-unit property with upgrades, suitable for owner-occupants or investors.
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    • $350,000
      0.18 Acres

      Milwaukee Triplex with Garage Parking

      Investment opportunity with recent upgrades and potential owner occupancy.
      5227 N 60Th St, Milwaukee, WI 53218
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    • Contact for pricing
      6.00 Acres

      Milwaukee Land: 6 Acres, ID-40 Zoning

      Prime Milwaukee development land. Six acres, excellent utilities.
      6101 Mill Rd, Milwaukee, WI 53218
      View Details
    • $395,000
      14,322 SF

      Industrial Land with Highway Access

      Land with easy access to I-41 for development.
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    • $1,995,000
      22,526 SF

      Milwaukee Medical Office Building

      22,526 SF Medical Office, NNN Lease
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    Similar Nearby for Lease

    • $4 SF/Yr
      51,700 SF

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      Distribution properties • 51,700 SF
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    • Contact for pricing
      216,454 SF

      Milwaukee Industrial Space For Lease

      Large warehouse, 52,085 SF available.
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    • Contact for pricing
      94,472 SF

      Milwaukee Tech Center Warehouse

      Prime Milwaukee warehouse space available.
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      View Details
    • $4 SF/Yr
      17,667 SF

      Fenced Lot Multi-Tenant Building

      Multi-tenant building with outdoor storage and dock access for lease.
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    • $5 SF/Yr
      94,472 SF

      Milwaukee Tech Center: Industrial Space

      94,472 SF Warehouse/Flex Space Available
      7400 Florist Ave, Milwaukee, WI 53218
      View Details
    • $5 SF/Yr
      14,031 SF

      Flex Space in Business Center

      Professionally managed flex space with dock and drive-in loading.
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      View Details
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    Milwaukee, WI 53218-2852
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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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