Menomonee Falls Single-Story
16288 Megal Dr Menomonee Falls, WI
For Sale
Contact for pricing
Single-story building with office space and large parking lot.
Property Size21,692 SF
Lot Size1.96 Acres
Price / SF$91.05
Days on Market425
Property Features for 16288 Megal Dr
General Information
Standard status
Active
Size
21,692 SF
Lot size
1.96 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Summit Commercial Real Estate
(262) 370-9852
Listed By:
Mark Gorski
(262) 370-9852
Source:
Moodyscre
Added: May 29, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:59AM
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 Summit Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Menomonee Falls, Wisconsin, this single-story building offers high visibility along I-41. The property, with a size of 21692 square feet, was formerly a manufacturing facility and has been converted to office space. It features a large parking lot, providing convenience and accessibility. The building has potential to be divided for two businesses.
Key Highlights
- Highly visible location along I‑41
- Large parking lot
- Converted office space (formerly manufacturing)
Financial Insights For Industrial
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 | $118.7k | $5.47 |
| − Vacancy | −$5.8k | −$0.27 |
| EGI | $112.8k | $5.20 |
| − OpEx | −$33.9k | −$1.56 |
| NOI | $79.0k | $3.64 |
21,692 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.30M
$3.76M – $5.02M
NOI $301,152 @ 7.0% cap · market cap 15.25%
Second Best
Industrial
$1.13M
$987.4K – $1.32M
NOI $78,989 @ 7.0% cap · market cap 4.00%
Theoretical Best
Flex RnD
$11.07M
$9.69M – $12.92M
NOI $774,967 @ 7.0% cap · market cap 39.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Single-story building with office space and large parking lot.
Where is this office units located?
The property is located at 16288 Megal Dr Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Highly visible location along I‑41; Large parking lot; Converted office space (formerly manufacturing)
