Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9120 West Loomis Rd Franklin, WI 53132

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with great visibility and accessibility on Loomis Road.

    We can help!

    Listing Contact
    Rachel Schmidt
    Source: Nmrk

    Listing Agent: Rachel Schmidt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space For Lease

    This office space is available for lease and offers great visibility and accessibility at a major controlled intersection of Loomis Road and Drexel Avenue. The property is under new ownership and features a robust tenant mix across two buildings. Strong area demographics and ample, unreserved surface parking are available.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0280879
    Latitude
    42.9029223

    Nearby Similar for Lease

    • Contact for pricing

      Premier Industrial and Flex Space

      Well-managed industrial and flex space in Franklin, WI.
      Franklin, WI 53132
      View Details
    • Contact for pricing
      84,900 SF

      Franklin Business Center: Prime Industrial Space

      85,000 SF Multi-Use Industrial; Excellent Location
      5000-5080 Ashland Way, Franklin, WI 53132
      View Details
    • $20 SF/Yr
      132,800 SF

      Franklin Medical Office Space

      Class A medical office suites in prime Franklin location.
      7095 Ballpark Dr, Franklin, WI 53132
      View Details
    • $228 SF/Yr
      4,550 SF

      Franklin Flex Space: Modern Warehouse Units

      Flexible office, warehouse & flex space
      9924 Monarch Dr, Franklin, WI 53132
      View Details
    • $25 SF/Yr
      5,710 SF

      College Plaza: Medical Office Space

      Franklin, WI: 5,710 SF Available
      6501 27Th St, Franklin, WI 53132
      View Details
    • $16 SF/Yr
      16,880 SF

      Franklin Executive Office/Flex Space

      Modern Franklin Office, Flexible Suites Available
      11217 Forest Home Ave, Franklin, WI 53132
      View Details
    • Contact for pricing
      22,000 SF

      Wyndham Village Retail Spaces Available

      Prime retail space, high-traffic location. Multiple units available.
      7700 Lovers Lane Rd, Franklin, WI 53132
      View Details
    • Contact for pricing
      5,956 SF

      Franklin Retail Strip Center

      High-visibility retail space available in Franklin, WI
      6531 27Th St, Franklin, WI 53132
      View Details
    • $8 SF/Yr
      54,435 SF

      Franklin Flex Space For Lease

      Modern flex space, 8,617 SF available.
      9750 Oakwood Park Dr, Franklin, WI 53132
      View Details
    • $14 SF/Yr
      29,634 SF

      Franklin Executive Office Suites

      Prime Franklin Office Space Available
      9120 Loomis Rd, Franklin, WI 53132
      View Details
    • $14 SF/Yr
      13,500 SF

      Franklin Executive Office Suites

      Prime Franklin Office Space Available
      9875 Franklin Dr, Franklin, WI 53132
      View Details
    • $14 SF/Yr
      1,517 SF

      Office Space in Franklin Business Park

      Move-in ready office space in a quiet, wooded setting.
      9875 S Franklin Dr, Franklin, WI 53132
      View Details

    FAQs

    What type of property is this?
    Office space - Office space with great visibility and accessibility on Loomis Road.
    Where is this office space located?
    The property is located at 9120 West Loomis Rd Franklin, WI.
    What are key features of this property?
    This property features: - Great visibility and accessibility on a major controlled intersection (Loomis & Drexel); - Ample unreserved surface parking available.; - Robust tenant mix across both buildings
    (414) 640-8804
    Request Owner's contact information
    9120 West Loomis Rd Franklin, WI 53132
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9120 West Loomis Rd
    Franklin, WI 53132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9120 West Loomis Rd Franklin, WI 53132
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rachel Schmidt
    (414) 640-8804
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.