6944 Port Washington RdGlendale, WI 53217

  • Office properties
  • 13,704 SF
For Sale
$1,215,000 View listing

Property Details for 6944 Port Washington Rd

Year built
1972
Lot size
0.52 AC
Property size (Sq ft)
13,704 SF
Property type
Office properties
Property subtype
Office buildings
APN
128-8986-000
APU
1288986000

Description

This exceptional 9,691 square foot Class B office building presents a unique opportunity for owner-users or redevelopment in Glendale, Wisconsin. Located at 6944 N Port Washington Road, this multi-tenant property boasts impeccable visibility on a major thoroughfare, near a new Aldi and Starbucks. The building sits on a 0.67-acre lot and includes 37 on-site parking spaces, with convenient building access from the rear. The property is zoned B1 and offers monument signage, providing excellent branding opportunities. Its strategic location provides easy access to I-43 via Good Hope Road, benefiting from strong area demographics and high traffic counts. The asking price is $1,215,000, translating to $125.37 per square foot. The property's APN is 128-8986-000. This presents a compelling investment opportunity due to its prime location, ample parking, and potential for either continued operation as an office building or redevelopment to suit a variety of uses. The existing building offers significant potential for a savvy investor or business owner seeking a high-visibility location in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,474,420
    6.5%
    $2,284,080
    7%
    $2,120,931
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,391,274
    Geo Method
    $1,784,946
  • Alternative Use

    Use
    Valuation
    Residential
    $2,832,259
    Hospitality
    $2,594,334
    Educational
    $2,158,456
    Medical
    $2,232,688
    Retail
    $3,357,598
6944 Port Washington Rd, Glendale, Wisconsin

Location Insight

City
Glendale
County
Milwaukee
State
Wisconsin
Latitude
43.1431
Longitude
-87.9124
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
$30,123
$400,000
$735,300
$1,135,300
-
-
-
$1,368,500

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