Flex Building with Drive-In
For Sale
$439,000
12602 W Hampton Ave, Butler, WI 53007
Masonry flex property with B-1 Community Business zoning and access to I-41/US-45.
Property Size5,000 SF
Price / SF$87.80
Days on Market50
Property Features for 12602 W Hampton Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial/Industrial
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$6,181
Amenities
8' x 8' drive-in door
rubber membrane roof
Building Details
Building Size
5,000 SF
Year Built
1964
Buildings
1
Construction
masonry
Listing Agency:
Keller Williams-Franksville
Listed By:
Danien Walls · License #98592-94
(219) 292-0774
Source:
Sewartgroup
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 2:40PM
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 Keller Williams-Franksville
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Investment Insights
Based on property information with market context.
This 1964 masonry flex building contains approximately 5,000 SF configured for multiple commercial functions. Approximately 4,400 SF is available for an owner-user, while an approximately 600 SF existing tenant area provides an established income component. The property includes an 8' x 8' drive-in door and a rubber membrane roof.
Positioned along W Hampton Ave in the Village of Butler, the building offers high visibility and convenient connections to I-41/US-45. B-1 Community Business zoning supports the property’s retail, office, and professional service configuration, subject to verification of zoning and intended-use suitability.
Positioned along W Hampton Ave in the Village of Butler, the building offers high visibility and convenient connections to I-41/US-45. B-1 Community Business zoning supports the property’s retail, office, and professional service configuration, subject to verification of zoning and intended-use suitability.
Key Highlights
- Approximately 5,000 SF masonry commercial building
- Approximately 4,400 SF available for an owner‑user
- Approximately 600 SF existing tenant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,207
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
$364.1K
Cap Rate 7%
$260,100
$260.1K
Cap Rate 9%
$202,300
$202.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$27.4K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$26.0K $5.20/SF
− OpEx
−$7.8K −$1.56/SF
NOI
$18.2K $3.64/SF
Area
Waukesha County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
Cap Rate 7%
$260,100
Cap Rate 9%
$202,300
Alternative Uses
Best Use
Flex RnD
$2.55M
$2.23M – $2.98M
NOI $178,630 @ 7.0% cap · market cap 40.69%
Second Best
Retail
$1.01M
$885.7K – $1.18M
NOI $70,854 @ 7.0% cap · market cap 16.14%
Theoretical Best
—
—
same as Best Use
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
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53007, WI
1,787
Population
907
Households
2
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
0.8 sq mi
ZIP Area
2,234
Density / Sq Mi
$55,577
Median Household Income
$41,250
Median Earnings
$937
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex property with B-1 Community Business zoning and access to I-41/US-45.
Where is this flex space located?
The property is located at 12602 W Hampton Ave Butler, WI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Approximately 5,000 SF masonry commercial building; Approximately 4,400 SF available for an owner‑user; Approximately 600 SF existing tenant space
