Three-Building Manufacturing
New
For Sale
$800,000
3645 E Mallory Ave, Cudahy, WI 53110
Steel industrial buildings provide occupied shop space across separate parcels in Cudahy’s east-side manufacturing corridor.
Property Size9,464 SF
Price / SF$84.53
Days on Market2
Property Features for 3645 E Mallory Ave
General Information
Standard status
Active
Size
9,464 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1987
Buildings
3
Construction
steel
Tenancy
Single
Listing Agency:
RE/MAX Lakeside-South
Listed By:
Jose Santiago
(414) 430-9633
Source:
Nikolicgroup
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:52AM
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 RE/MAX Lakeside-South
Investment Insights
Based on property information with market context.
This offering includes three industrial buildings on separate parcels, conveyed together as a single package. The improvements total 9,464 square feet and feature steel construction with functional shop areas. Completed in 1987, the buildings are fully occupied by one manufacturing tenant.
The properties are located at 3645 E Mallory Ave, 3643 E Mallory Ave, and 3636 E Adams Ave in Cudahy, Wisconsin. Access to the Lake Parkway (WIS-794), I-94, Mitchell International Airport, and Port Milwaukee places the package within the Milwaukee south shore area. The sale is offered on a package-only basis.
The properties are located at 3645 E Mallory Ave, 3643 E Mallory Ave, and 3636 E Adams Ave in Cudahy, Wisconsin. Access to the Lake Parkway (WIS-794), I-94, Mitchell International Airport, and Port Milwaukee places the package within the Milwaukee south shore area. The sale is offered on a package-only basis.
Key Highlights
- Three industrial buildings on separate parcels
- 9,464 SF total property size
- Fully occupied by a single manufacturing tenant
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
$34,462
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
4.31%
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%
$689,240
$689.2K
Cap Rate 7%
$492,314
$492.3K
Cap Rate 9%
$382,911
$382.9K
Market Conditions
NOI Build-Up for 9,464 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
$51.8K $5.47/SF
− Vacancy
−$2.5K −$0.27/SF
EGI
$49.2K $5.20/SF
− OpEx
−$14.8K −$1.56/SF
NOI
$34.5K $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 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%
$689,240
Cap Rate 7%
$492,314
Cap Rate 9%
$382,911
Alternative Uses
Best Use
Industrial
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,098 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 53110, WI
18,204
Population
8,866
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
4.8 sq mi
ZIP Area
3,793
Density / Sq Mi
$66,717
Median Household Income
$46,920
Median Earnings
$977
Median Rent
$201,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Steel industrial buildings provide occupied shop space across separate parcels in Cudahy’s east-side manufacturing corridor.
Where is this manufacturing property located?
The property is located at 3645 E Mallory Ave Cudahy, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three industrial buildings on separate parcels; 9,464 SF total property size; Fully occupied by a single manufacturing tenant
