Building Details

Building Size 22,000 SF

Tenancy Multi

Listing Agency: Anderson Commercial Group

Listed By: Colin Hough · License #9475610 Show Phone

Source: Thebrokerlist

Added: Feb 18 Changed: Oct 5 Last Checked: Oct 16 at 5:47AM

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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 Anderson Commercial Group

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Investment Insights

Based on property information with market context.

This multi-tenant flex property combines office, flex, and warehouse space within a sprinklered building. Two drive-in doors measuring 8' x 14' support loading and vehicle access, while the 16' clear height accommodates a range of warehouse functions.

The property is positioned on the east side of S Pennsylvania Ave, north of E Crawford Ave, in Saint Francis, Wisconsin. The configuration brings together office and industrial space in one commercial asset, providing a practical layout for occupants requiring both workspace and storage or operational areas.

Key Highlights

• Multi‑tenant flex property with office and warehouse space
• Two 8' x 14' drive‑in doors
• 16' clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,277

Cap Rate

5.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,945,540 $1.9M

Cap Rate 7%

$1,389,671 $1.4M

Cap Rate 9%

$1,080,856 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,000 SF

Gross rent

$120.3K $5.47/SF

− Vacancy

−$5.9K −$0.27/SF

EGI

$114.4K $5.20/SF

− OpEx

−$17.2K −$0.78/SF

NOI

$97.3K $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 Rate 5%

$1,945,540

Cap Rate 7%

$1,389,671

Cap Rate 9%

$1,080,856

Alternative Uses

Best Use

Office B

$3.59M

$3.14M – $4.19M (±1% cap)

NOI $251,559 @ 7.0% cap · market cap 15.48%

Second Best

Flex RnD

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,602 @ 7.0% cap · market cap 13.33%

Theoretical Best

Office A

$5.29M

$4.63M – $6.17M (±1% cap)

NOI $370,075 @ 7.0% cap · market cap 22.77%

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

Property Analytics

Current Use

GGMM Marketing & Advertising Penn Construction Group General Contractor Noise Together Recording Studio Environment Solutions, LLC Hardware & Home Improvement Darryl Hines Ministries Church

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Nail Salon Parking Lot & Garage

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

16 ft

Clear height

2

Drive-in doors

Multi-tenant

Tenancy

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

286

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53235, WI

9,175

Population

5,279

Households

1.7

Avg Household Size

45

Median Age

30%

College-Educated

94%

High-School Grad

2.6 sq mi

ZIP Area

3,529

Density / Sq Mi

$58,490

Median Household Income

$54,060

Median Earnings

$893

Median Rent

$207,200

Median Home Value

Market

Vacancy Rate% for Office in Milwaukee, WI

16.5% 2019

19.8% 2020

20.4% 2021

21.7% 2022

22.9% 2023

24.7% 2024

24.7% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Multi-tenant flex space combines office and warehouse areas with sprinkler protection and drive-in loading access.

Where is this flex space located?

The property is located at 3770 S Pennsylvania Ave Saint Milwaukee, WI.

What is the asking price?

The asking price for this property is $1,625,000.

What are key features of this property?

This property features: Multi‑tenant flex property with office and warehouse space; Two 8' x 14' drive‑in doors; 16' clear height