Building Details

Year built 1951

Architectural style Other

Listing Agency: REMAX Lakeside-South · RE/MAX International k***@lakesiderealtors.com Show Phone

Listed By: Jose Santiago · License #42104 Show Phone

Added: Aug 3 Changed: Nov 2 Last Checked: Nov 4 at 10:06AM

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MLS# 1974395

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Investment Insights

Based on property information with market context.

This 9490-square-foot flex property, built in 1951, brings together office space, flex areas, warehouse space, garages, and on-site parking within one commercial facility. The property is zoned M-2 and supports a range of commercial or industrial uses as described in the listing information.

Located at 2200 Miller Park Way in West Milwaukee, the property sits along a high-traffic commercial corridor with access to major highways, downtown Milwaukee, nearby retail, and surrounding business centers. Its combination of office and industrial-oriented areas provides a varied physical layout for businesses requiring more than conventional office space.

Key Highlights

• 9490 square feet of office, flex, warehouse, and garage space
• 0.45‑acre property at 2200 Miller Park Way, West Milwaukee, WI 53219
• M‑2 zoning

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

Is this asking price fair?

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

Who owns this building? See the owner, sales and loan history

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

Frequently Asked Questions

What type of property is this?

Flex space - M-2-zoned facility combines office, garage, and warehouse areas with 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: 9490 square feet of office, flex, warehouse, and garage space; 0.45‑acre property at 2200 Miller Park Way, West Milwaukee, WI 53219; M‑2 zoning