5150 Port Washington RdGlendale, WI 53217

  • Office buildings
  • 57,772 SF
For Lease
$19/SF/YR View listing

Property Details for 5150 Port Washington Rd

Year built
1983
Lot size
1.94 AC
Property size (Sq ft)
57,772 SF
Property type
Office buildings
APN
203-8992-002
APU
2038992002

Description

The MG Atrium, located at 5150 N Port Washington Rd in Glendale, Wisconsin, offers exceptional office space for lease. This two-story building, totaling 49,324 square feet, underwent renovations in 2000, blending modern amenities with established infrastructure. Built in 1985, the property provides a blend of classic and contemporary design. The building is currently offering multiple tenancy options, with available spaces ranging from a minimum of 1,245 square feet to a maximum contiguous space of 2,845 square feet. A total of 8,903 square feet is currently vacant and ready for immediate occupancy. The property is classified as both Traditional and Executive Office space, catering to a variety of business needs. Ample parking is available, with a ratio of 3 spaces per 1,000 square feet. The building is situated in Wisconsin County, and its convenient Glendale location offers easy access to major transportation routes and local amenities. This is an excellent opportunity for businesses seeking flexible and well-maintained office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,431,420
    6.5%
    $9,629,003
    7%
    $8,941,217
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,865,198
    Geo Method
    $7,524,803
  • Alternative Use

    Use
    Valuation
    Residential
    $11,939,964
    Hospitality
    $10,936,943
    Educational
    $9,099,408
    Medical
    $9,412,351
    Retail
    $14,154,635
5150 Port Washington Rd, Glendale, Wisconsin

Location Insight

City
Glendale
County
Milwaukee
State
Wisconsin
Latitude
43.1106
Longitude
-87.9163
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
$110,463
$1,750,000
$2,403,500
$4,153,500
-
-
-
$5,006,700

FAQs

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