Office Building with Monument
For Sale
Contact for pricing
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 Market49
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: Oct 25
Last Checked: Oct 28 at 10:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$218,791
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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
