Office Suite with Shared
For Sale
Contact for pricing
2-4-3421 W State St, Milwaukee, WI 53202
Second-floor workspace includes a removable hairdressing station and access to a shared balcony.
Property Size53 SF
Price / SF$5.19
Days on Market11
Property Features for 2-4-3421 W State St
General Information
Standard status
Active
Size
53 SF
Site & Location
Neighborhood
Juneau Town
Public Transit
Yes
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$3,780
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: Oct 28
Last Checked: Oct 28 at 4:16PM
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.
Suite 4 is a 53-square-foot office unit on the second floor at 2-4-3421 W State St in Milwaukee. The space measures approximately 6'7'' by 8' and has a hairdresser’s chair and sink, removable at the tenant’s request. Occupants also have use of a shared balcony.
The landlord pays for gas and electricity, while tenants share the water expense. The property is minutes from downtown Milwaukee and Wauwatosa, near Marquette University, commuter routes, and public transit.
The landlord pays for gas and electricity, while tenants share the water expense. The property is minutes from downtown Milwaukee and Wauwatosa, near Marquette University, commuter routes, and public transit.
Key Highlights
- 53‑square‑foot second‑floor office suite, approximately 6'7'' x 8'
- Hairdresser’s chair and sink can be removed at the tenant’s request
- Shared balcony access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$606
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,120
$12.1K
Cap Rate 7%
$8,657
$8.7K
Cap Rate 9%
$6,733
$6.7K
Market Conditions
NOI Build-Up for 53 SF
Gross rent
$1.0K $19.80/SF
− Vacancy
−$241 −$4.55/SF
EGI
$808 $15.25/SF
− OpEx
−$202 −$3.81/SF
NOI
$606 $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%
$12,120
Cap Rate 7%
$8,657
Cap Rate 9%
$6,733
Alternative Uses
Best Use
Office B
$8.7K
$7.6K – $10.1K
NOI $606 @ 7.0% cap · market cap 220.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.7K
$11.2K – $14.9K
NOI $892 @ 7.0% cap · market cap 324.36%
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
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes a removable hairdressing station and access to a shared balcony.
Where is this office unit located?
The property is located at 2-4-3421 W State St Milwaukee, WI.
What are key features of this property?
This property features: 53‑square‑foot second‑floor office suite, approximately 6'7'' x 8'; Hairdresser’s chair and sink can be removed at the tenant’s request; Shared balcony access
