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

    801 Capitol Dr Milwaukee, WI 53212

    • Strip malls
    • 12,592 SF
    • 1.14 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1417396
    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

    • Planned Parenthood - Milwaukee - Capitol Drive Health Center / Family Planning Center
    • Tobacco One / Tobacco Shop
    • Your Laundry / Laundromat / Laundry
    • Cousins Subs / Sandwich Shop / Restaurant

    Property Details for 801 Capitol Dr

    Year built
    1988
    Lot size
    1.14 lot acres
    Property size
    12,592 SF
    Zone code
    LB2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    274-9970-100
    APU
    2749970100

    Description

    Park Place offers exceptional retail space for lease in Milwaukee County. This vibrant commercial property boasts a total of 17,273 square feet, with multiple tenancy options available. Two spaces are currently available, offering flexible sizes ranging from a minimum of 1,020 square feet to a maximum contiguous space of 2,200 square feet. A total of 3,220 square feet is currently vacant and ready for immediate occupancy. The property is ideal for businesses seeking a high-visibility location within a thriving commercial area. Lease terms are a minimum of three years. Additional charges include common area maintenance (CAM), insurance, and estimated property taxes, totaling approximately $5.50 per square foot. This prime retail location presents a unique opportunity for businesses to establish or expand their presence in a dynamic market. The flexible space options cater to a variety of business needs, making Park Place an attractive choice for entrepreneurs and established companies alike. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business at this exceptional Milwaukee County location. The property's central location and ample square footage provide a strong foundation for success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,904,000
      Market price range: $450k - $1.90M
      AI Estimate
      $856,000
      Market price range: $297k - $857k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,325,000
      Change: +98% Conversion: Difficult
      RESTAURANT
      $1,600,000
      Change: +37% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,500,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $1,295,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $1,000,000
      Change: -15% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $955,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9004
    Latitude
    43.0884
    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
    $35,401
    $247,500
    $1,239,300
    $1,486,800
    -
    $247,500
    $1,239,300
    $1,486,800

    Comparable in this City

    • Value Estimation
      $9,320,000
      107,582 SF

      320 Capitol Dr, Unit 380

      SHOPPING CENTER, STRIP CENTER • 107,582 SF
      320 Capitol Dr, Milwaukee, WI 53212-1210
      View Details
    • Value Estimation
      $775,000
      29,846 SF

      100 Capitol Dr, Unit 202

      SHOPPING CENTER, STRIP CENTER • 29,846 SF
      100 Capitol Dr, Milwaukee, WI 53212-1206
      View Details
    • Value Estimation
      $2,225,000
      21,458 SF

      3901 Richards St, Unit 3925

      SHOPPING CENTER, STRIP CENTER • 21,458 SF
      3901 Richards St, Milwaukee, WI 53212-1230
      View Details
    • Value Estimation
      $12,270,000
      150,000 SF

      401 Capitol Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 150,000 SF
      401 Capitol Dr, Milwaukee, WI 53212-1211
      View Details
    • Value Estimation
      $10,245,000
      118,400 SF

      4189 Prt Washington Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 118,400 SF
      4189 Prt Washington Rd, Milwaukee, WI 53212-1029
      View Details
    • Value Estimation
      $2,410,000
      24,730 SF

      100 Capitol Dr, Unit 204

      MINI-MALL • 24,730 SF
      100 Capitol Dr, Glendale, WI 53212-1206
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      17,273 SF

      Park Place Retail Space For Lease

      Milwaukee County Storefront, Multiple Units Available
      801 Capitol Dr, Milwaukee, WI 53212
      View Details
    • Contact for pricing
      6,750 SF

      Milwaukee Retail Space For Rent

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      Milwaukee Retail Space For Lease

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    • $27 SF/Yr
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      Renovated Retail Space in Shorewood

      Completely renovated retail space in a charming mixed-use building.
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      Charming building featuring fitness center and revamped restaurant.
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      View Details
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    801 Capitol Dr
    Milwaukee, WI 53212
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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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