Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    8628 Calumet Rd Milwaukee, WI 53224-3417
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8628 Calumet Rd Milwaukee, WI 53224-3417

    View on Map
    • Warehouses
    • 19,159 SF
    • 24.68 lot acres
    Off-Market
    Last Sale Mar 6, 2024
    $23,800
    Property ID
    US92-0991292
    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
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outdoor Lighting Construction / Electrical Service / General Contractor
    • Briestation / Telecommunications Service / Construction Company

    Property Details for 8628 Calumet Rd

    Year built
    1999
    Lot size
    24.68 lot acres
    Property size
    19,159 SF
    Zone code
    IL1
    Property type
    Warehouses
    APN
    080-9994-112
    APU
    809994112

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,542,000
      Market price range: $466k - $1.59M
      AI Estimate
      $952,000
      Market price range: $330k - $986k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,035,000
      Current use
      RETAIL STORES
      $2,060,000
      Change: +99% Conversion: Moderate
      MEDICAL BUILDING
      $1,970,000
      Change: +91% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,785,000
      Change: +72% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,660,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0222
    Latitude
    43.1582
    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
    $27,241
    $618,200
    $525,900
    $1,144,100
    -
    $618,200
    $525,900
    $1,144,100

    Comparable in this City

    • Value Estimation
      $610,000
      7,420 SF

      9325 107th St

      BULK STORAGE, TANKS • 7,420 SF
      9325 107th St, Milwaukee, WI 53224
      View Details
    • Value Estimation
      $1,255,000
      21,153 SF

      9300 Heather Ave, Unit 9312

      WAREHOUSE, STORAGE • 21,153 SF
      9300 Heather Ave, Milwaukee, WI 53224-2425
      View Details
    • Value Estimation
      $2,210,000
      51,452 SF

      8512 Bradley Rd

      WAREHOUSE, STORAGE • 51,452 SF
      8512 Bradley Rd, Milwaukee, WI 53224
      View Details
    • Value Estimation
      $1,115,000
      16,572 SF

      11412 Brown Deer Rd

      WAREHOUSE, STORAGE • 16,572 SF
      11412 Brown Deer Rd, Milwaukee, WI 53224-1523
      View Details
    • Value Estimation by Request
      8,370 SF

      8667 107th St

      WAREHOUSE, STORAGE • 8,370 SF
      8667 107th St, Milwaukee, WI 53224-2223
      View Details
    • Value Estimation
      $1,590,000
      37,310 SF

      11425 Brown Deer Rd

      WAREHOUSE, STORAGE • 37,310 SF
      11425 Brown Deer Rd, Milwaukee, WI 53224-1515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,600 SF

      Leased Industrial Flex Building

      Versatile industrial/flex building with five bays and outdoor storage.
      9434-9450 N 107Th St, Milwaukee, WI 53224
      View Details
    • $500,000
      9,688 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with flexible spaces and ample parking.
      9306 N 107Th St, Milwaukee, WI 53224
      View Details
    • $49,500

      Land For Sale Milwaukee

      Land available for sale in Milwaukee, Wisconsin.
      9923 W Brown Deer Rd, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      32,334 SF

      Office Building For Sale/Lease

      32,334 SF office building available for sale or lease.
      11700 W Lake Park Dr, Milwaukee, WI 53224
      View Details
    • Contact for pricing

      Highly Visible Pad Site

      Commercial pad site available for sale on West Brown Deer Road.
      8404 W Brown Deer Rd, Milwaukee, WI 53224
      View Details
    • $430,000
      0.21 Acres

      Updated Milwaukee Townhouse Duplex

      Updated duplex perfect for investors or first-time buyers.
      6555 N Bourbon St, Milwaukee, WI 53224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      90,000 SF

      Warehouse Space Available Fall 2023

      90,000 SF warehouse divisible to 16,300 SF, available Fall 2023.
      11601 W Bradley Rd, Milwaukee, WI 53224
      View Details
    • Contact for pricing

      11729 W Bradley Road, Milwaukee, WI 53224-2501

      Warehouses
      11729 W Bradley Rd, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      25,699 SF

      Office/Flex Building in Park Place

      35,817 SF office/flex building with flexible floor plans.
      11425 West Lake Park Dr, Milwaukee, WI 53224
      View Details
    • $8 SF/Yr
      13,900 SF

      Industrial Flex Space Available

      Well-maintained industrial flex space with excellent freeway access.
      11699-11745 W Bradley Rd, Milwaukee, WI 53224
      View Details
    • New
      Contact for pricing

      Liberty 1 at Park Place

      Discover many ways to work your way in Liberty 1 at Park Place
      11414 Park Pl, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      197,600 SF

      Two Park Plaza: Executive Suites

      Milwaukee, WI Class A Office Space
      10850 Park Pl, Milwaukee, WI 53224
      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.
    8628 Calumet Rd
    Milwaukee, WI 53224-3417
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!