Milwaukee Flex Space For
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2110 W Clybourn St, Milwaukee, WI
Flex space property with immediate access to Downtown Milwaukee.
Property Size12,486 SF
Lot Size0.51 Acres
Price / SF$50.06
Days on Market619
Property Features for 2110 W Clybourn St
General Information
Standard status
Active
Size
12,486 SF
Lot size
0.51 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Barry Company
(414) 271-1870
Listed By:
Kevin C. Barry, CCIM · License #56067
(414) 272-6728
Source:
Moodyscre
Added: Jan 6, 2025
Changed: Sep 11
Last Checked: Sep 16 at 8:46PM
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 The Barry Company
Investment Insights
Based on property information with market context.
This multipurpose property offers 12,486 square feet of flex space. The property is located with immediate access to Downtown Milwaukee and is in close proximity to the Marquette Interchange. It is situated seconds from the freeway and has visibility from the property. The property is suitable for industrial, office, or flex use.
Key Highlights
- Immediate access to Downtown Milwaukee
- Seconds from freeway with visibility from property
- Close proximity to Marquette Interchange
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,320
$909.3K
Cap Rate 7%
$649,514
$649.5K
Cap Rate 9%
$505,178
$505.2K
Market Conditions
NOI Build-Up for 12,486 SF
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.
Gross rent
$68.3K $5.47/SF
− Vacancy
−$3.3K −$0.27/SF
EGI
$65.0K $5.20/SF
− OpEx
−$19.5K −$1.56/SF
NOI
$45.5K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$909,320
Cap Rate 7%
$649,514
Cap Rate 9%
$505,178
Alternative Uses
Best Use
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $122,932 @ 7.0% cap · market cap 19.67%
Second Best
Industrial
$649.5K
$568.3K – $757.8K
NOI $45,466 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,034 @ 7.0% cap · market cap 33.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space property with immediate access to Downtown Milwaukee.
Where is this flex space located?
The property is located at 2110 W Clybourn St Milwaukee, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Immediate access to Downtown Milwaukee; Seconds from freeway with visibility from property; Close proximity to Marquette Interchange
