Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8929 85th St Milwaukee, WI 53224-2142

    • Residential income homes
    • 3,658 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Mar 14, 2023
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    4.9%
    Residential income homes
    Location Intelligence
    Property ID
    US92-0085330
    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

    • Residential income homes

    Property Details for 8929 85th St

    Year built
    1978
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    3,658 SF
    Zone code
    RM1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    033-0182-000
    APU
    330182000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $392,000
      Market price range: $224k - $1.05M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $475,000
      Current use
      AUTO REPAIR, GARAGE
      $435,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $395,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0161
    Latitude
    43.1795
    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
    $4,414
    $23,700
    $161,700
    $185,400
    -
    $23,700
    $161,700
    $185,400

    Comparable in this City

    • Value Estimation
      $5,500,000
      4,104 SF

      6414 87th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,104 SF
      6414 87th St, Milwaukee, WI 53224-5450
      View Details
    • Value Estimation by Request
      3,382 SF

      6409 84th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,382 SF
      6409 84th St, Milwaukee, WI 53224-5454
      View Details
    • Value Estimation by Request
      3,700 SF

      8544 106th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,700 SF
      8544 106th St, Milwaukee, WI 53224-2372
      View Details
    • Value Estimation
      $560,000
      3,700 SF

      8538 107th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,700 SF
      8538 107th St, Milwaukee, WI 53224-2202
      View Details
    • Value Estimation
      $540,000
      3,580 SF

      8545 Grn Brk Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,580 SF
      8545 Grn Brk Dr, Milwaukee, WI 53224-2140
      View Details
    • Value Estimation
      $5,500,000
      4,104 SF

      6406 87th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,104 SF
      6406 87th St, Milwaukee, WI 53224-5449
      View Details

    Similar Nearby for Sale

    • $77,700
      1,122 SF

      Condominium Townhouse with Sweat Equity

      Three-bedroom condominium townhouse with renovation potential and assigned parking.
      6655 N Bourbon St, Milwaukee, WI 53224
      View Details
    • $739,900
      0.60 Acres

      Solid Brick 8-Unit Building

      Well-maintained 8-unit multifamily building in a quiet Milwaukee neighborhood.
      9015 N 96Th St, Milwaukee, WI 53224
      View Details
    • $149,000

      Commercial Land Near I-41 Access

      Commercial land with convenient access to I-41 and nearby amenities.
      10920 W Liberty Dr, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      0.90 Acres

      Milwaukee Retail Land - 0.9 Acres

      Prime Milwaukee location, build-to-suit opportunity.
      8404 Brown Deer Rd, Milwaukee, WI 53224
      View Details
    • $3,125,000
      56,293 SF

      Milwaukee Flex Building: $3.125M

      56,293 SF Flex Space, Excellent Location
      12100 Park Pl, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      32,334 SF

      Milwaukee Executive Office Building

      32,334 SF Office, NNN Lease, Owner-User Opportunity
      11700 Lake Park Dr, Milwaukee, WI 53224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      357,753 SF

      Milwaukee Warehouse - 357,753 SF

      Massive warehouse, ideal for large-scale operations.
      12100 Brown Deer Rd, Milwaukee, WI 53224
      View Details
    • 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
      14,944 SF

      Industrial Flex Space Available

      Well-maintained industrial flex space with excellent freeway access.
      11699-11725 W Bradley Rd, Milwaukee, WI 53224
      View Details
    • $11 SF/Yr
      86,723 SF

      Luxury Milwaukee Office Space

      Class A Office Suites, 5,637 - 32,760 SF
      11414 Park Pl, Milwaukee, WI 53224
      View Details
    • Contact for pricing
      42,618 SF

      Industrial Space Near I-41

      Industrial property with ample parking and convenient highway access.
      12350 W Brown Deer Rd, Milwaukee, WI 53224
      View Details
    • New
      $400 /Mo
      9,688 SF

      Milwaukee Office Space with Parking

      Office space in Milwaukee's Granville Business District for rent.
      9310 N 107Th St, 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.
    8929 85th St
    Milwaukee, WI 53224-2142
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.