Building Details

Year Built 1951

Listing Agency: RE/MAX Lakeside-South

Listed By: Jose Santiago · License #42104 Show Phone

Source: Viewhomesinwisconsin

Added: Jun 5 Changed: Oct 1 Last Checked: Oct 12 at 8:20PM

Report an Issue

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 Lakeside-South

Investment Insights

Based on property information with market context.

This flex property contains a combination of office areas, flex space, warehouse areas, garages, and on-site parking. The configuration supports a range of commercial and industrial operations within one property, with multiple functional components rather than a single-purpose layout.

The 9,490-square-foot property is located in West Milwaukee, Wisconsin, near major highways, downtown Milwaukee, retail, and surrounding business centers. Built in 1951, it offers an established commercial building format with office and industrial-oriented areas under one roof.

Key Highlights

• 9,490‑square‑foot flex property in West Milwaukee
• Combination of office, flex, warehouse, and garage areas
• Abundant on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,918

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$838,360 $838.4K

Cap Rate 7%

$598,829 $598.8K

Cap Rate 9%

$465,756 $465.8K

Market Conditions

NOI Build-Up for 9,490 SF

Gross rent

$51.9K $5.47/SF

− Vacancy

−$2.6K −$0.27/SF

EGI

$49.3K $5.20/SF

− OpEx

−$7.4K −$0.78/SF

NOI

$41.9K $4.42/SF

Area

ZIP 53219

Vacancy

5.00%

Lease Rate

$5.47 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$838,360

Cap Rate 7%

$598,829

Cap Rate 9%

$465,756

Alternative Uses

Best Use

Office B

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,513 @ 7.0% cap · market cap 13.91%

Second Best

Flex RnD

$1.29M

$1.12M – $1.50M (±1% cap)

NOI $89,974 @ 7.0% cap · market cap 11.54%

Theoretical Best

Office A

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,637 @ 7.0% cap · market cap 20.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

480

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53219, WI

34,925

Population

15,661

Households

2.2

Avg Household Size

38

Median Age

26%

College-Educated

90%

High-School Grad

5.0 sq mi

ZIP Area

6,985

Density / Sq Mi

$70,998

Median Household Income

$43,223

Median Earnings

$971

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Multi-component commercial property combines office areas, flex space, warehouse areas, garages, and on-site parking.

Where is this flex space located?

The property is located at 2200 Miller Park Way West Milwaukee, WI.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: 9,490‑square‑foot flex property in West Milwaukee; Combination of office, flex, warehouse, and garage areas; Abundant on‑site parking