Redevelopment Flex and
For Sale
Contact for pricing
4969 S 110th St, Milwaukee, WI 53228
Redevelopment site with a mixed office, lab, and warehouse building on 5.5 acres, with freeway-visible signage.
Property Size24,250 SF
Lot Size5.50 Acres
Price / SF$136.08
Days on Market452
Property Features for 4969 S 110th St
General Information
Standard status
Active
Size
24,250 SF
Lot size
5.50 Acres
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Cushman & Wakefield | Boerke
(518) 956-1717
Listed By:
Katie Melbye
(518) 956-1717
Source:
Moodyscre
Added: May 8, 2025
Changed: Jul 29
Last Checked: Aug 2 at 8:54AM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
This 5.5-acre redevelopment opportunity includes an existing building with a functional mix of office, lab, and warehouse space. The property is well suited for an owner-user looking to occupy space while retaining the option to expand the existing building.
The asset offers signage opportunities visible from the freeway. Access to I-43/I-894/I-45 is available via South 108th Street, supporting convenient regional connectivity.
With both office and warehouse components under one roof, the layout can accommodate multiple operational needs within a single property.
The asset offers signage opportunities visible from the freeway. Access to I-43/I-894/I-45 is available via South 108th Street, supporting convenient regional connectivity.
With both office and warehouse components under one roof, the layout can accommodate multiple operational needs within a single property.
Key Highlights
- 5.5‑acre redevelopment opportunity
- Building offers a mix of office, lab, and warehouse space
- Potential for an owner/user to expand the existing building
Financial Insights For Office B
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 | $480.2k | $19.80 |
| − Vacancy | −$110.4k | −$4.55 |
| EGI | $369.7k | $15.25 |
| − OpEx | −$92.4k | −$3.81 |
| NOI | $277.3k | $11.43 |
24,250 SF · lease $19.80/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.96M
$3.47M – $4.62M
NOI $277,287 @ 7.0% cap · market cap 8.40%
Second Best
Flex RnD
$3.41M
$2.98M – $3.98M
NOI $238,755 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $407,924 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53228, WI
15,341
Population
7,180
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$75,288
Median Household Income
$54,006
Median Earnings
$1,220
Median Rent
$254,700
Median Home Value
Market
Vacancy Rate% for Office in Milwaukee, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Redevelopment site with a mixed office, lab, and warehouse building on 5.5 acres, with freeway-visible signage.
Where is this flex space located?
The property is located at 4969 S 110th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 5.5‑acre redevelopment opportunity; Building offers a mix of office, lab, and warehouse space; Potential for an owner/user to expand the existing building
