Listing Agency: McKenna Real Estate LLC p***@gmail.com

Listed By: Paul McKenna · License #5486390 Show Phone

Source: Exprealty

Added: Oct 27 Changed: Nov 1 Last Checked: Nov 1 at 3:47PM

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Investment Insights

Based on property information with market context.

This flex property offers a customizable interior for businesses seeking a mix of workspace and display or storage areas. Its 200-amp, three-phase electrical service supports equipment and production needs. Buildout options allow the layout to be adapted to an operation, with potential applications including woodworking, light manufacturing, flooring wholesale, distribution, and showroom use.

The property is on N. Teutonia Ave in Brown Deer, with access to Milwaukee and surrounding communities. Automotive repair is not permitted.

Key Highlights

• 200‑amp, three‑phase electrical service
• Interior buildout can be configured for business requirements
• Potential uses include showroom, woodworking, light manufacturing, flooring wholesale, and distribution

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,878

Suggested Prices Based on Cap Rates

Cap Rate 5%

$237,560 $237.6K

Cap Rate 7%

$169,686 $169.7K

Cap Rate 9%

$131,978 $132.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,262 SF

Gross rent

$17.8K $5.47/SF

− Vacancy

−$874 −$0.27/SF

EGI

$17.0K $5.20/SF

− OpEx

−$5.1K −$1.56/SF

NOI

$11.9K $3.64/SF

Area

Milwaukee County, 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 Rate 5%

$237,560

Cap Rate 7%

$169,686

Cap Rate 9%

$131,978

Alternative Uses

Best Use

Flex RnD

$409.9K

$358.7K – $478.2K (±1% cap)

NOI $28,693 @ 7.0% cap · market cap 675.13%

Second Best

Industrial

$169.7K

$148.5K – $198.0K (±1% cap)

NOI $11,878 @ 7.0% cap · market cap 279.48%

Theoretical Best

Office A

$773.5K

$676.9K – $902.5K (±1% cap)

NOI $54,148 @ 7.0% cap · market cap 1,274.07%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Skin Care Clinic

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

Paved road access

Location Intelligence

Trade Area within ½ mile

621

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53205, WI

9,397

Population

4,164

Households

2.3

Avg Household Size

30

Median Age

19%

College-Educated

85%

High-School Grad

1.4 sq mi

ZIP Area

6,712

Density / Sq Mi

$30,300

Median Household Income

$30,871

Median Earnings

$803

Median Rent

$122,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A configurable workspace can support showroom, production, storage, or distribution functions.

Where is this flex space located?

The property is located at 3-7600 N Teutonia Ave Brown Deer, WI.

What are key features of this property?

This property features: 200‑amp, three‑phase electrical service; Interior buildout can be configured for business requirements; Potential uses include showroom, woodworking, light manufacturing, flooring wholesale, and distribution