Second-Floor Office
2-1-3421 W State St, Milwaukee, WI 53202
For Sale
Contact for pricing
Month-to-month leasing provides a flexible arrangement for this compact workspace.
Property Size90 SF
Price / SF$3.61
Days on Market22
Property Features for 2-1-3421 W State St
General Information
Standard status
Size
Site & Location
Neighborhood
Public Transit
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Amenities
shared balcony
Listing Agency:
RE/MAX Preferred-Delafield
Listed By:
The Vinz Real Estate Collectiv Group*
(414) 748-9100
Source:
Exprealty
Added: Oct 20
Changed: Nov 9
Last Checked: Nov 10 at 11:55AM
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 RE/MAX Preferred-Delafield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office suite contains approximately 90 sq ft and shares access to a large balcony. The month-to-month lease provides a flexible term. Gas and electric are paid by the landlord, while water costs are divided among tenants.
The suite is at 2-1-3421 W State St in Milwaukee, minutes from downtown Milwaukee and Wauwatosa. Marquette University, major commuter routes, and public transit are nearby.
The suite is at 2-1-3421 W State St in Milwaukee, minutes from downtown Milwaukee and Wauwatosa. Marquette University, major commuter routes, and public transit are nearby.
Key Highlights
- Approximately 90 sq ft of second‑floor office space
- Shared access to a large balcony
- Month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,029
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,580
$20.6K
Cap Rate 7%
$14,700
$14.7K
Cap Rate 9%
$11,433
$11.4K
Market Conditions
NOI Build-Up for 90 SF
Gross rent
$1.8K $19.80/SF
− Vacancy
−$410 −$4.55/SF
EGI
$1.4K $15.25/SF
− OpEx
−$343 −$3.81/SF
NOI
$1.0K $11.43/SF
Area
Milwaukee, WI
Vacancy
23.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,580
Cap Rate 7%
$14,700
Cap Rate 9%
$11,433
Alternative Uses
Best Use
Office B
$14.7K
$12.9K – $17.2K
NOI $1,029 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.6K
$18.9K – $25.2K
NOI $1,514 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,997
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Milwaukee, WI
Properties on Market for Office Units in Milwaukee
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Office unit - Month-to-month leasing provides a flexible arrangement for this compact workspace.
Where is this office unit located?
The property is located at 2-1-3421 W State St Milwaukee, WI.
What are key features of this property?
This property features: Approximately 90 sq ft of second‑floor office space; Shared access to a large balcony; Month‑to‑month lease
