Office Building with Monument
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For Sale
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10521 W Layton Ave, Greenfield, WI 53228
Freestanding office property with a new asphalt parking lot, freeway exposure, and prominent signage availability.
Property Size16,000 SF
Price / SF$187.44
Days on Market4
Property Features for 10521 W Layton Ave
General Information
Standard status
Active
Size
16,000 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
monument signage
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Craig Friemoth · License #9479063
(262) 844-6278
Source:
Moodyscre
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anderson Commercial Group, LLC
Investment Insights
Based on property information with market context.
This 16,000-square-foot office building offers an owner-user or investment-oriented commercial configuration with a newly paved asphalt parking lot, abundant on-site parking, and monument signage available. The property provides freeway exposure and is positioned just off I-43 and Hwy 100 in Greenfield, Wisconsin.
Retail and dining amenities are located nearby, adding convenient access to surrounding services. The combination of office space, on-site parking, signage availability, and access to two major routes supports a range of professional office uses.
Retail and dining amenities are located nearby, adding convenient access to surrounding services. The combination of office space, on-site parking, signage availability, and access to two major routes supports a range of professional office uses.
Key Highlights
- 16,000 square feet of office space
- New asphalt parking lot with abundant on‑site parking
- Freeway exposure just off I‑43 and Hwy 100
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$218,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,375,820
$4.4M
Cap Rate 7%
$3,125,586
$3.1M
Cap Rate 9%
$2,431,011
$2.4M
Market Conditions
NOI Build-Up for 16,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$397.4K $24.84/SF
− Vacancy
−$105.7K −$6.61/SF
EGI
$291.7K $18.23/SF
− OpEx
−$72.9K −$4.56/SF
NOI
$218.8K $13.67/SF
Area
Milwaukee County, WI
Vacancy
26.60%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,375,820
Cap Rate 7%
$3,125,586
Cap Rate 9%
$2,431,011
Alternative Uses
Best Use
Office B
$3.13M
$2.73M – $3.65M
NOI $218,791 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.32M – $4.43M
NOI $265,593 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office property with a new asphalt parking lot, freeway exposure, and prominent signage availability.
Where is this office building located?
The property is located at 10521 W Layton Ave Greenfield, WI.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 16,000 square feet of office space; New asphalt parking lot with abundant on‑site parking; Freeway exposure just off I‑43 and Hwy 100
