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Property profile

7810 Good Hope Rd Milwaukee, WI 53223

OFF-MARKET
Medical Office Space
Property ID
US92-0591389
5,928 SF 1.4 ac lot Built 1985
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a standalone medical-office building located along West Good Hope Road in Milwaukee, situated on a 1.4-acre site with ample on-site parking. The building contains approximately 5,280 square feet of interior space that was renovated with updated finishes, and it includes skylights for natural light along with track lighting and chandelier fixtures. The floor plan is configured in a racetrack style and includes five individual offices, eight exam rooms, a lab room, a break room, and a storage room. Monument signage is available along Good Hope Road, and the site is positioned along West Good Hope Avenue with an AADT of 23,300. The building is suitable for continued medical-office use or for potential land redevelopment.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Total area 5,928 SF
Lot 1.4 ac (61,028 SF)
Zoning code CS
APN 107-0302-000
UPID US92-0591389

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Pediatrician Physician
  • Medical Clinic
  • Medical Laboratory
  • Physician

Location

7810 Good Hope Rd Milwaukee, WI 53223-4518
Milwaukee metro Census 102 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2015
4 recorded transactions
2022
Price N/A
2015
$1.3M
2004
$400,000
1969
Price N/A

Zoning & alternative use

CS · Milwaukee, WI
Zoning description

4. COMMERCIAL SERVICE (CS). This district is intended to provide areas where businesses and personal service establishments can be accommodated, but where extensive retail activities are not warranted by city plans. 295-…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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