Flex Space with Drive-In
For Sale
$439,900
12602 West Hampton Avenue, Milwaukee, WI 53225
Masonry flex property with B-1 Community Business zoning and a drive-in door.
Property Size5,000 SF
Days on Market50
Property Features for 12602 West Hampton Avenue
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
BO, OFC
Zoning
B-1
Site & Location
Neighborhood
Timmerman West
Building Details
Building Size
5,000 SF
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Keller Williams-Franksville
Listed By:
Danien Walls · License #9859294
(219) 292-0774
Source:
Realnex
Added: Sep 10
Changed: Sep 12
Last Checked: Oct 28 at 4:38AM
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 approximately 5,000 SF masonry commercial building combines retail, office, and flex functionality. Approximately 4,400 SF is available for owner occupancy, while approximately 600 SF is occupied by an existing long-term barber shop tenant. The property includes an 8' x 8' drive-in door and an EPDM roof, supporting a range of configurations subject to zoning and approvals.
Positioned along W Hampton Ave, the property offers visibility from the street and access to I-41 and US-45. Street parking is available on W Hampton Ave and adjacent streets. The building was constructed in 1964 and is zoned B-1 Community Business.
Positioned along W Hampton Ave, the property offers visibility from the street and access to I-41 and US-45. Street parking is available on W Hampton Ave and adjacent streets. The building was constructed in 1964 and is zoned B-1 Community Business.
Key Highlights
- Approximately 5,000 SF commercial flex property
- Approximately 4,400 SF available for owner occupancy
- Approximately 600 SF occupied by an existing long‑term barber shop tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,207
Cap Rate
4.14%
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 11.92%
Second Best
Flex RnD
$703.3K
$615.4K – $820.5K
NOI $49,228 @ 7.0% cap · market cap 11.19%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,108 @ 7.0% cap · market cap 19.12%
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
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
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 - Masonry flex property with B-1 Community Business zoning and a drive-in door.
Where is this flex space located?
The property is located at 12602 West Hampton Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Approximately 5,000 SF commercial flex property; Approximately 4,400 SF available for owner occupancy; Approximately 600 SF occupied by an existing long‑term barber shop tenant
