Flex Building with Drive-In
For Sale
$439,000
12602 W Hampton Ave, Milwaukee, WI 53007
Y, Milwaukee, WI
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$87.80
Days on Market47
Property Features for 12602 W Hampton Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Directions
W Hampton Ave to property at 12602 W Hampton Ave, Butler. Property is located on the south side of Hampton Ave, just east of N 127th St and approximately 0.5 mile east of I-41/US-45.
Standard status
Active
APN
BV 0144299
Size
5,000 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6182
Amenities
drive-in door
Building Details
Year built
1964
Architectural style
Other
Listing Agency:
Keller Williams-Franksville
(262) 470-3086
Listed By:
Danien Walls
(219) 292-0774
Added: Sep 10
Changed: Oct 12
Last Checked: Oct 26 at 7:06PM
MLS# 1980024
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1964, this approximately 5,000-square-foot masonry flex building includes about 4,400 square feet for an owner-user and an approximately 600-square-foot tenant area. The layout supports retail and flex-oriented operations, with an 8' x 8' drive-in door, rubber membrane roof, and B-1 Community Business zoning.
The property is located at 12602 W Hampton Ave in Milwaukee, WI 53007, with visibility along W Hampton Ave and convenient access to I-41 and US-45. Its 0.11-acre site provides a compact commercial setting for a business occupying part of the building while retaining an existing leased area.
The property is located at 12602 W Hampton Ave in Milwaukee, WI 53007, with visibility along W Hampton Ave and convenient access to I-41 and US-45. Its 0.11-acre site provides a compact commercial setting for a business occupying part of the building while retaining an existing leased area.
Key Highlights
- Approximately 5,000 SF masonry commercial building on a 0.11‑acre site
- 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
Milwaukee, 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
Retail
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 11.95%
Second Best
Flex RnD
$703.3K
$615.4K – $820.5K
NOI $49,228 @ 7.0% cap · market cap 11.21%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,108 @ 7.0% cap · market cap 19.16%
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
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Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Industrial in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Flex space - B-1-zoned commercial property combines owner-user space with an existing tenant area and access to I-41 and US-45.
Where is this flex space located?
The property is located at 12602 W Hampton Ave Milwaukee, 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 on a 0.11‑acre site; Approximately 4,400 SF available for an owner‑user; Approximately 600 SF existing tenant space
