All-Brick Fully Leased
For Sale
$675,000
2600 FOND DU LAC AVE, Milwaukee, WI 53206
All-brick warehouse with multiple parceled units, currently fully rented and supported by recent interior and exterior upgrades.
Property Size9,550 SF
Price / SF$70.68
Days on Market126
Property Features for 2600 FOND DU LAC AVE
General Information
Standard status
Active
Size
9,550 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$3,563
Amenities
3
LB2
5 Parking Spaces.
0.5 to .99
Building Details
Year Built
1921
Construction
all-brick
Tenancy
Multi
Listing Agency:
Premier Point Realty LLC
(262) 224-5843
Listed By:
Erica Winship
(262) 224-5843
Source:
Xome
Added: Apr 8
Changed: Aug 8
Last Checked: Aug 11 at 5:00AM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
This all-brick warehouse includes multiple parceled units and is currently fully rented. The property features bathroom and communal kitchen updates, along with unit-specific customizations. The seller also notes upgrades including new HVAC, electrical, plumbing, and interior finishings.
The asset is positioned on a highly visible portion of the Sherman Park and Lindsay Heights area, just steps from Fondy Farmers Market.
Externally, the seller reports a new fence, blacktops, lighting, security paint, and doors. The seller further states the property is generating cash flow of $13,000 per month.
The asset is positioned on a highly visible portion of the Sherman Park and Lindsay Heights area, just steps from Fondy Farmers Market.
Externally, the seller reports a new fence, blacktops, lighting, security paint, and doors. The seller further states the property is generating cash flow of $13,000 per month.
Key Highlights
- All‑brick warehouse built in 1921 with LB2 zoning
- Currently fully rented with reported $13,000/month income (per seller)
- Multi‑parceled setup with about 20 units
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
$42,227
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
6.26%
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%
$844,540
$844.5K
Cap Rate 7%
$603,243
$603.2K
Cap Rate 9%
$469,189
$469.2K
Market Conditions
NOI Build-Up for 9,550 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
$52.2K $5.47/SF
− Vacancy
−$2.6K −$0.27/SF
EGI
$49.7K $5.20/SF
− OpEx
−$7.5K −$0.78/SF
NOI
$42.2K $4.42/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
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%
$844,540
Cap Rate 7%
$603,243
Cap Rate 9%
$469,189
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,175 @ 7.0% cap · market cap 14.84%
Second Best
Warehouse
$603.2K
$527.8K – $703.8K
NOI $42,227 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,646 @ 7.0% cap · market cap 23.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - All-brick warehouse with multiple parceled units, currently fully rented and supported by recent interior and exterior upgrades.
Where is this warehouse located?
The property is located at 2600 FOND DU LAC AVE Milwaukee, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: All‑brick warehouse built in 1921 with LB2 zoning; Currently fully rented with reported $13,000/month income (per seller); Multi‑parceled setup with about 20 units
