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    9947 W Carmen Ave Milwaukee, WI 53225
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    Property profile & analytics

    9947 W Carmen Ave Milwaukee, WI 53225

    View on Map
    • Warehouses
    • 39,474 SF
    • 1.96 lot acres
    For Sale
    $1,500,000
    View Listing →
    Industrial Property with Crane Bay For Sale
    $1,500,000
    39,474 SF

    Industrial Property with Crane Bay

    Industrial building with warehouse, office space, and crane bay.

    9947 W Carmen Ave, Milwaukee, WI 53225
    View Listing
    Property ID
    US92-0601167
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UNITED P&H / Plumbing Service / Building Supply
    • United Technical Products / Industrial Manufacturer / Production Facility

    Property Details for 9947 W Carmen Ave

    Year built
    1968
    Lot size
    1.96 lot acres
    Property size
    39,474 SF
    Zone code
    IL1
    Property type
    Warehouses
    APN
    179-9982-315
    APU
    1799982315

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,910,000
      6.5%
      $2,685,000
      7%
      $2,495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,320,000
      Market price range: $1.68M - $4.33M
      AI Estimate
      $1,673,000
      Market price range: $1.09M - $3.51M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,950,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,675,000
      Change: +24% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,425,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0363
    Latitude
    43.122
    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
    $22,886
    $98,300
    $862,900
    $961,200
    -
    $98,300
    $862,900
    $961,200

    Comparable in this City

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      $7,060,000
      62,622 SF

      5760 Lovers Ln Rd

      MINI-WAREHOUSE, STORAGE • 62,622 SF
      5760 Lovers Ln Rd, Milwaukee, WI 53225
      View Details
    • Value Estimation
      $6,780,000
      117,014 SF

      5500 Lovers Ln Rd

      WAREHOUSE, STORAGE • 117,014 SF
      5500 Lovers Ln Rd, Milwaukee, WI 53225-3008
      View Details
    • Value Estimation by Request
      1,860 SF

      8423 Lynx Ave

      WAREHOUSE, STORAGE • 1,860 SF
      8423 Lynx Ave, Milwaukee, WI 53225
      View Details
    • Value Estimation
      $15,840,000
      12.48 Acres

      12255 Carmen Ave

      WAREHOUSE, STORAGE • 12.48 Acres
      12255 Carmen Ave, Milwaukee, WI 53225-1226
      View Details
    • Value Estimation
      $2,210,000
      15,100 SF

      5444 124th St

      WAREHOUSE, STORAGE • 15,100 SF
      5444 124th St, Milwaukee, WI 53225-2922
      View Details
    • Value Estimation
      $605,000
      9,074 SF

      9732 Carmen Ave

      WAREHOUSE, STORAGE • 9,074 SF
      9732 Carmen Ave, Milwaukee, WI 53225-2520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,131 SF

      Milwaukee Flex Space For Sale

      Flex space available for sale in Milwaukee, Wisconsin.
      10003 W Carmen Ave, Milwaukee, WI 53225
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    • Contact for pricing
      39,474 SF

      Industrial Property with Crane Bay

      Industrial building with warehouse, office space, and crane bay.
      9947 W Carmen Ave, Milwaukee, WI 53225
      View Details
    • $1,250,000
      8,964 SF

      Portfolio of Industrial Properties

      Portfolio sale featuring two industrial properties totaling 8,964 SF.
      8400 W Silver Spring Dr, Milwaukee, WI 53225
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    • Contact for pricing
      8,964 SF

      Milwaukee Flex Space For Sale

      Flex space available for sale in Milwaukee, Wisconsin.
      8400 W Fond Du Lac Ave, Milwaukee, WI 53225
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      Development Site for Office/Industrial

      Development site suitable for office, medical, R&D, or light industrial.
      5360 N 118Th Ct, Milwaukee, WI 53225
      View Details
    • Contact for pricing
      10,930 SF

      Versatile Modern Building with Expansion Potential

      Modern, flexible building suitable for retail, office, or flex uses.
      5400 N 118Th Ct, Milwaukee, WI 53225
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available For Rent

      67,821 SqFt industrial space available for rent.
      10130 W Appleton Ave, Milwaukee, WI 53225
      View Details
    • Contact for pricing

      Office, Warehouse, R&D Space

      Office, warehouse, and R&D space available for lease.
      5300 North 118Th Ct, Milwaukee, WI 53225
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Milwaukee, Wisconsin.
      5201 N 91St St, Milwaukee, WI 53225
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Silver Spring

      Retail space available for lease with high traffic volume.
      10426-10448 W Silver Spring Dr, Milwaukee, WI 53225
      View Details
    • Contact for pricing
      1,356 SF

      Retail Space with Great Visibility

      Retail space at a light-controlled intersection with great visibility.
      10400 W Silver Spring Dr, Milwaukee, WI 53225
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    • Contact for pricing

      Retail Space on Silver Spring

      Retail leasing opportunity with monument signage and ample parking.
      10448 W Silver Spring Dr, Milwaukee, WI 53225
      View Details
    View Listing
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    Milwaukee, WI 53225
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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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