Warehouse with Loading
11217 W Forest Home Ave Franklin, WI 53132
For Sale
Contact for pricing
Industrial warehouse/flex property featuring two dock doors and recent roof and HVAC replacements.
Property Size8,440 SF
Price / SF$188.98
Days on Market1089
Property Features for 11217 W Forest Home Ave
General Information
Standard status
Active
Size
8,440 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Anderson Commercial Group, LLC
(414) 207-5250
Listed By:
Patrick McGlinn · License #8541894
(414) 207-5250
Source:
Moodyscre
Added: Aug 7, 2023
Changed: Jul 27
Last Checked: Jul 29 at 12:01PM
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
Investment Insights
Based on property information with market context.
This warehouse/flex property is supported by recent capital improvements, including a new HVAC system installed in 2022 and a new roof added in 2020. The site also includes a newer parking lot from 2018. For loading and receiving, the property offers approximately 440 square feet of loading dock space with two dock doors.
The property is located with high visibility on W. Forest Home Ave, and it is supported by traffic counts of approximately 13,900 cars per day (per DOT).
Currently zoned M1, the property is positioned as an industrial-use asset for buyers seeking a warehouse with dock-door access and ongoing exterior and systems updates.
The property is located with high visibility on W. Forest Home Ave, and it is supported by traffic counts of approximately 13,900 cars per day (per DOT).
Currently zoned M1, the property is positioned as an industrial-use asset for buyers seeking a warehouse with dock-door access and ongoing exterior and systems updates.
Key Highlights
- New HVAC installed in 2022
- New roof installed in 2020
- New parking lot installed in 2018
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.5k | $14.52 |
| − Vacancy | −$8.3k | −$0.99 |
| EGI | $114.2k | $13.53 |
| − OpEx | −$40.0k | −$4.74 |
| NOI | $74.2k | $8.80 |
8,440 SF · lease $14.52/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.06M
$928.0K – $1.24M
NOI $74,240 @ 7.0% cap · market cap 4.65%
Second Best
Warehouse
$532.6K
$466.0K – $621.3K
NOI $37,280 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,100 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial warehouse/flex property featuring two dock doors and recent roof and HVAC replacements.
Where is this flex space located?
The property is located at 11217 W Forest Home Ave Franklin, WI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: New HVAC installed in 2022; New roof installed in 2020; New parking lot installed in 2018
