Flex Space with Office
For Sale
$535,000
333 S Hawley Rd, Milwaukee, WI 53214
Concrete-block industrial service property with dedicated office space and access to major Milwaukee-area transportation routes.
Property Size3,830 SF
Lot Size0.28 Acres
Price / SF$139.69
Days on Market49
Property Features for 333 S Hawley Rd
General Information
Standard status
Active
Size
3,830 SF
Class
Unclassified
Lot size
0.28 Acres
Property subtype
industrial
Zoning
LB1
Site & Location
Neighborhood
Johnsons Woods
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
10 ft
Office Build-Out
1,200 SF
Building Details
Year Built
1973
Building Size
3,830 SF
Construction
concrete block
Listing Agency:
Milwaukee
(414) 944-2200
Listed By:
Jon Packee · License #52281-94
(414) 944-2109
Source:
Property.jll
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:38AM
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 Milwaukee
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Investment Insights
Based on property information with market context.
This flex-space property at 333 S. Hawley Rd. in Milwaukee includes a 3,830 SF industrial service building with 1,200 SF of office area. Built in 1973, the structure uses concrete-block construction and provides 10' of clear height. The property sits on a 0.28 AC lot in the Johnson’s Woods neighborhood.
The building is positioned along S. Hawley Rd., which carries 19,300 CPD, and immediately south of I-94, where traffic reaches 160,000 CPD. Its configuration combines service-oriented industrial space with a substantial office component for businesses needing both operational and administrative areas.
The building is positioned along S. Hawley Rd., which carries 19,300 CPD, and immediately south of I-94, where traffic reaches 160,000 CPD. Its configuration combines service-oriented industrial space with a substantial office component for businesses needing both operational and administrative areas.
Key Highlights
- 3,830 SF flex‑space building on a 0.28 AC lot
- 1,200 SF dedicated office area
- 10' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,708
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,160
$754.2K
Cap Rate 7%
$538,686
$538.7K
Cap Rate 9%
$418,978
$419.0K
Market Conditions
NOI Build-Up for 3,830 SF
Gross rent
$62.0K $16.20/SF
− Vacancy
−$4.0K −$1.05/SF
EGI
$58.0K $15.15/SF
− OpEx
−$20.3K −$5.30/SF
NOI
$37.7K $9.85/SF
Area
Milwaukee, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,160
Cap Rate 7%
$538,686
Cap Rate 9%
$418,978
Alternative Uses
Best Use
Flex RnD
$538.7K
$471.4K – $628.5K
NOI $37,708 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$199.2K
$174.3K – $232.4K
NOI $13,946 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$920.4K
$805.3K – $1.07M
NOI $64,427 @ 7.0% cap · market cap 12.04%
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
Lease Details
10 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Similar Off Market Nearby
- Suite Catering at American Family Field — 1 Brewers Way, Milwaukee, WI 53214
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-block industrial service property with dedicated office space and access to major Milwaukee-area transportation routes.
Where is this flex space located?
The property is located at 333 S Hawley Rd Milwaukee, WI.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,830 SF flex‑space building on a 0.28 AC lot; 1,200 SF dedicated office area; 10' clear height
