Warehouse with Loading
For Sale
Contact for pricing
11217 W Forest Home Ave, Franklin, WI 53132
Industrial warehouse/flex property featuring two dock doors and recent roof and HVAC replacements.
Property Size8,440 SF
Price / SF$188.98
Days on Market1180
Property Features for 11217 W Forest Home Ave
General Information
Standard status
Active
Size
8,440 SF
Property subtype
FLEX_R_AND_D
Zoning
M1
Additional Details
Traffic Count
13,900 vehicles/day
Dock-High Doors
2
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Patrick McGlinn · License #8541894
(414) 207-5250
Source:
Moodyscre
Added: Aug 7, 2023
Changed: Oct 26
Last Checked: Oct 28 at 12:23PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$74,240
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,800
$1.5M
Cap Rate 7%
$1,060,571
$1.1M
Cap Rate 9%
$824,889
$824.9K
Market Conditions
NOI Build-Up for 8,440 SF
Gross rent
$122.5K $14.52/SF
− Vacancy
−$8.3K −$0.99/SF
EGI
$114.2K $13.53/SF
− OpEx
−$40.0K −$4.74/SF
NOI
$74.2K $8.80/SF
Area
Milwaukee County, WI
Vacancy
6.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,800
Cap Rate 7%
$1,060,571
Cap Rate 9%
$824,889
Alternative Uses
Best Use
Flex RnD
$1.06M
$928.0K – $1.24M
NOI $74,240 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$439.0K
$384.2K – $512.2K
NOI $30,733 @ 7.0% cap · market cap 1.93%
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.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Dock-high doors
13,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53132, WI
36,166
Population
14,073
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
1,042
Density / Sq Mi
$110,656
Median Household Income
$64,194
Median Earnings
$1,380
Median Rent
$345,600
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 Midwest region
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
