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

    9122 Ctr St Milwaukee, WI 53222-4600

    • Medical offices
    • 2,800 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Jan 08, 2025
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0113411
    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

    • Dr. William R. Knavel III, DDS / Dentist
    • Ritter Robert P DDS / Dentist
    • Wauwatosa Family Dentistry / Dentist
    • Kristina Moser American Family Insurance / Insurance Agency
    • American Family Insurance / Insurance Agency / Auto Insurance Agency

    Property Details for 9122 Ctr St

    Year built
    1955
    Lot size
    0.11 lot acres
    Property size
    2,800 SF
    Zone code
    LB2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    302-0711-000
    APU
    3020711000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.027
    Latitude
    43.0681
    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
    $4,664
    $21,300
    $174,600
    $195,900
    -
    $21,300
    $174,600
    $195,900

    Comparable in this City

    • Value Estimation
      $270,000
      4,014 SF

      8422 Capitol Dr

      MEDICAL BUILDING • 4,014 SF
      8422 Capitol Dr, Milwaukee, WI 53222-1825
      View Details
    • Value Estimation
      $370,000
      2,280 SF

      7623 Burleigh St

      MEDICAL BUILDING • 2,280 SF
      7623 Burleigh St, Milwaukee, WI 53222-5001
      View Details
    • Value Estimation
      $425,000
      9,560 SF

      7725 Burleigh St, Unit 7733

      MEDICAL BUILDING • 9,560 SF
      7725 Burleigh St, Milwaukee, WI 53222-5003
      View Details
    • Value Estimation
      $675,000
      15,720 SF

      8430 Capitol Dr

      MEDICAL BUILDING • 15,720 SF
      8430 Capitol Dr, Milwaukee, WI 53222-1846
      View Details
    • Value Estimation
      $305,000
      1,690 SF

      8105 Lisbon Ave

      MEDICAL BUILDING • 1,690 SF
      8105 Lisbon Ave, Milwaukee, WI 53222-3826
      View Details
    • Value Estimation
      $680,000
      15,779 SF

      8522 Capitol Dr, Unit 8532

      MEDICAL BUILDING • 15,779 SF
      8522 Capitol Dr, Milwaukee, WI 53222-1827
      View Details

    Similar Nearby for Sale

    • $900,000
      16,842 SF

      Executive Office Building, Wauwatosa

      16,842 SF Office Building - $900,000
      10045 Lisbon Ave, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      1,241,421 SF

      Wauwatosa Industrial Mega-Warehouse

      1.2M SF Warehouse, Modernized 2024
      3300 124 St, Wauwatosa, WI 53222
      View Details
    • $104,900
      728 SF

      Updated Condo with Modern Amenities

      Updated unit with modern kitchen, in-unit laundry, and included utilities.
      4215 N 100Th St, Milwaukee, WI 53222
      View Details
    • Contact for pricing

      Affordable Milwaukee City Lot

      Large lot suitable for single-family or duplex construction.
      7722 W Potomac Ave, Milwaukee, WI 53222
      View Details
    • $439,000
      4,800 SF

      Mixed-Use Building with Restaurant Leases

      Mixed-use building featuring apartments and leased restaurants in Milwaukee.
      8408 W Lisbon Ave, Milwaukee, WI 53222
      View Details
    • $1,200,000
      1,000 SF

      Milwaukee Retail Storefront Investment

      Prime Milwaukee location, high-traffic area.
      3902-3910 76Th St, Milwaukee, WI 53222
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,071 SF

      Mayfair Medical Office Building For Lease

      Wauwatosa medical office space available. Multiple suites, ample parking.
      3077 Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • $33 SF/Yr
      25,327 SF

      Wauwatosa Office Space For Lease

      Executive & Medical Suites Available Now
      11450 Burleigh St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      16,513 SF

      Wauwatosa Medical Office Space

      901 SF Medical Office Suite Available
      3040 117Th Pl, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      1,368,231 SF

      Wauwatosa Industrial Space For Lease

      Massive industrial space, multiple tenants, heavy power.
      11800 Burleigh St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing

      Accessible Office Space Available

      Office space with elevator and easy highway access for rent.
      2711 N Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • $17 SF/Yr
      39,000 SF

      Sublease Office Space Available

      Office space for sublease with easy highway access.
      11240 Burleigh St, Wauwatosa, WI 53222
      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.
    9122 Ctr St
    Milwaukee, WI 53222-4600
    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.