DaVita Kidney Care Investment
For Sale
Contact for pricing
2211 N Humboldt Ave, Milwaukee, WI 53212
Single-tenant net lease property with DaVita in Milwaukee, WI.
Property Size6,380 SF
Price / SF$300
Days on Market147
Property Features for 2211 N Humboldt Ave
General Information
Standard status
Active
Size
6,380 SF
Class
A
Total Parking Spaces
16
Property subtype
Office, Retail
Zoning
Special - Planned Development
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$133,980
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Colliers - Milwaukee, Wisconsin
(651) 955-8943
Listed By:
Adam Connor · License #WI 69302-94
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 10 at 9:06AM
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 Colliers - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This single-tenant net lease property in Milwaukee, WI, is leased to DaVita Kidney Care. The property benefits from high visibility and strong traffic counts. DaVita operates a dialysis center at this location. The property is meticulously maintained. The property size is 6380 square feet.
Key Highlights
- Secure, longstanding net lease with DaVita Kidney Care provides a reliable income stream.
- Prime location with high visibility and strong traffic counts enhances long‑term value.
- Meticulously maintained property offers a turnkey investment.
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
$73,555
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
3.84%
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%
$1,471,100
$1.5M
Cap Rate 7%
$1,050,786
$1.1M
Cap Rate 9%
$817,278
$817.3K
Market Conditions
NOI Build-Up for 6,380 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
$134.0K $21.00/SF
− Vacancy
−$11.4K −$1.79/SF
EGI
$122.6K $19.22/SF
− OpEx
−$49.0K −$7.69/SF
NOI
$73.6K $11.53/SF
Area
Milwaukee, WI
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,471,100
Cap Rate 7%
$1,050,786
Cap Rate 9%
$817,278
Alternative Uses
Best Use
Healthcare Medical
$1.05M
$919.4K – $1.23M
NOI $73,555 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,322 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant net lease property with DaVita in Milwaukee, WI.
Where is this medical center located?
The property is located at 2211 N Humboldt Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,914,000.
What are key features of this property?
This property features: Secure, longstanding net lease with DaVita Kidney Care provides a reliable income stream.; Prime location with high visibility and strong traffic counts enhances long‑term value.; Meticulously maintained property offers a turnkey investment.
