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Property profile & analytics
OFF-MARKET Estimated value $1,910,000
Commercial real estate

9800 Bluemound Rd Wauwatosa, WI 53226-4353

29,296 SF 0.48 ac lot Built 1970
Entity Owned ~ Est. High Equity
Property ID
US92-0338341
Property summary
AI-generated overview

This exceptional 21,500-square-foot medical office building presents a compelling investment opportunity. Located at 9800 W Bluemound Rd in Wauwatosa, Wisconsin, this two-story building boasts a prime location, offering immediate access to the Zoo Interchange and Highway 100. Its proximity to the Milwaukee County Zoo, Milwaukee Regional Medical Center, Milwaukee County Research Park, and Mayfair Mall further enhances its desirability. The property sits on a 0.66-acre lot and includes ample parking, with 2.7 spaces per 1,000 square feet (20 surface and 38 covered stalls). Constructed in 1970, the building underwent a complete renovation in 2020, resulting in a modern, energy-efficient structure. Improvements include brand new HVAC units, a passenger elevator with basement access, a new sprinkler and fire system, an updated security system, and expanded, fully rebuilt restrooms. Currently 100% occupied by three tenants with substantial lease terms remaining, this property offers a stable income stream and significant long-term potential. Its prominent location and high-quality renovations make it an attractive asset for discerning investors seeking a strong return on investment in a thriving medical corridor. The building's visibility along Bluemound Road provides excellent signage opportunities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 29,296 SF
Lot 0.48 ac (20,909 SF)
Zoning code C2
APN 409-0019-01
UPID US92-0338341
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.91M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$1.91M
Owner & transaction history
9800 Properties LLC
9800 Properties LLC
since 2025
Last sale
$1.9M
5 recorded transactions
2025
$1.9M
2020
$1.4M
2006
$1.7M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Wauwatosa, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses

Zone name General Commercial
General category MIXED_USE
Zone area 540.08 ac
Source Realmo
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