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

    9218 9220th W Howard Ave Milwaukee, WI 53228

    • Office buildings
    • 2,400 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0664736
    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

    • Miracle Counseling / Counselor

    Property Details for 9218 9220th W Howard Ave

    Year built
    1985
    Lot size
    0.21 lot acres
    Property size
    2,400 SF
    Zone code
    NS1
    Property type
    Office buildings
    APN
    561-9965-100
    APU
    5619965100

    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
    -88.0285
    Latitude
    42.974
    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
    $0.00
    $33,200
    $109,800
    $143,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $680,000
      11,657 SF

      3500 92nd St

      OFFICE BUILDING (MULTI-STORY) • 11,657 SF
      3500 92nd St, Milwaukee, WI 53228-1500
      View Details
    • Value Estimation by Request
      24,250 SF

      4969 110Th St

      Flex space • 24,250 SF
      4969 110Th St, Greenfield, WI 53228
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    • Value Estimation by Request
      9,000 SF

      4420-4440 108Th St

      Office Properties & Spaces • 9,000 SF
      4420-4440 108Th St, Greenfield, WI 53228
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    • Value Estimation by Request
      350,000 SF

      Greenfield, WI 53228

      Restaurants • 350,000 SF
      Greenfield, WI 53228
      View Details
    • Value Estimation
      $515,000
      3.60 Acres

      8555 Frst Home Ave

      COMMERCIAL (GENERAL) • 3.60 Acres
      8555 Frst Home Ave, Greenfield, WI 53228-3408
      View Details
    • Value Estimation by Request
      8.33 Acres

      4808 Wingspan Ln

      COMMERCIAL (GENERAL) • 8.33 Acres
      4808 Wingspan Ln, Greenfield, WI 53228-3152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,300 SF

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      Retail property with high visibility and multiple access points.
      3740 S 108Th St, Greenfield, WI 53228
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    • $525,000
      3,600 SF

      Greenfield Office Building - Great Investment

      Prime Greenfield location, 3600 sq ft office space.
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    • $1,495,000
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      Highway 100 Showroom For Sale

      Highly visible showroom on Highway 100 available for purchase.
      4140 S 108Th St, Greenfield, WI 53228
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    • $190,000
      0.82 Acres

      Greenfield Vacant Land Opportunity

      Vacant lot in Whitnall School District with utilities on site.
      4540 S 116Th St, Greenfield, WI 53228
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    • Contact for pricing

      Retail/Warehouse Space on S 108th

      Open building for sales and storage on S 108th Street.
      4150 South 108Th St, Greenfield, WI 53228
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    • $425,000
      3.58 Acres

      Greenfield Vacant Land Opportunity

      Prime developable vacant land in the heart of Greenfield, Wisconsin.
      4120 S 124Th St, Greenfield, WI 53228
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,594 SF

      Professional Office Space Available

      Private office building with convenient highway access for rent.
      9910 W Layton Ave, Greenfield, WI 53228
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    • $20 SF/Yr
      2,683 SF

      Class A Office Building

      Class A office building with high visibility and accessibility.
      10521 W Layton Ave, Greenfield, WI 53228
      View Details
    • Contact for pricing
      350,000 SF

      Greenfield Executive Office Space

      Prime Greenfield location, multiple suites available.
      Greenfield, WI 53228
      View Details
    • $15 SF/Yr
      24,250 SF

      Greenfield Office/Flex Space For Lease

      24,250 SF Office/Flex Building in Greenfield, WI
      4969 110Th St, Greenfield, WI 53228
      View Details
    • Contact for pricing
      20,224 SF

      Prime Office Space - Milwaukee

      Modern Office Building, Highway 100 Corridor
      3670 108Th St, Greenfield, WI 53228
      View Details
    • $10 SF/Yr
      2,548 SF

      Medical/Professional Office Space Available

      Second floor office suite in high-demand Greenfield location.
      8555 W Forest Home Ave, Greenfield, WI 53228
      View Details
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    9218 9220th W Howard Ave
    Milwaukee, WI 53228
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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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