Clean High-Bay Warehouse with
For Sale
Contact for pricing
3832 N 3rd St, Milwaukee, WI 53212
High-bay warehouse with skylights throughout, offering space from 20,000 up to 98,000 contiguous square feet.
Property Size98,000 SF
Days on Market96
Property Features for 3832 N 3rd St
General Information
Standard status
Active
Size
98,000 SF
Site & Location
Neighborhood
Williamsburg
Building Details
Year Built
1999
Listing Agency:
Paradigm Real Estate
Listed By:
Brian Parrish · License #5673790
(414) 708-5631
Source:
Jwregwi
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 5:24PM
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 Paradigm Real Estate
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Investment Insights
Based on property information with market context.
Clean, high-bay warehouse with skylights throughout, designed to support efficient storage and distribution. Food-grade use may be possible, and racking may be available on a negotiable basis.
The property is located at 3832 N 3rd Street in Milwaukee, WI 53212. Flexible lease terms are available, with a minimum divisible space of 20,000 and a maximum contiguous space of 98,000 square feet.
Additional services may be available for the right tenant, including 3PL support from MilwaukeeWarehouse at an added cost. Lease rates listed are $3.50–$4.50 per SF MG.
The property is located at 3832 N 3rd Street in Milwaukee, WI 53212. Flexible lease terms are available, with a minimum divisible space of 20,000 and a maximum contiguous space of 98,000 square feet.
Additional services may be available for the right tenant, including 3PL support from MilwaukeeWarehouse at an added cost. Lease rates listed are $3.50–$4.50 per SF MG.
Key Highlights
- High‑bay warehouse with skylights throughout
- Available space from 20,000 SF minimum divisible to 98,000 SF maximum contiguous
- Lease rate range listed at $3.50–$4.50 per SF MG
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$433,324
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,666,480
$8.7M
Cap Rate 7%
$6,190,343
$6.2M
Cap Rate 9%
$4,814,711
$4.8M
Market Conditions
NOI Build-Up for 98,000 SF
Gross rent
$536.1K $5.47/SF
− Vacancy
−$26.3K −$0.27/SF
EGI
$509.8K $5.20/SF
− OpEx
−$76.5K −$0.78/SF
NOI
$433.3K $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%
$8,666,480
Cap Rate 7%
$6,190,343
Cap Rate 9%
$4,814,711
Alternative Uses
Best Use
Warehouse
$6.19M
$5.42M – $7.22M
NOI $433,324 @ 7.0% cap · market cap 14,444,133.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.55M
$20.61M – $27.48M
NOI $1,648,517 @ 7.0% cap · market cap 54,950,566.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Warehouse - High-bay warehouse with skylights throughout, offering space from 20,000 up to 98,000 contiguous square feet.
Where is this warehouse located?
The property is located at 3832 N 3rd St Milwaukee, WI.
What are key features of this property?
This property features: High‑bay warehouse with skylights throughout; Available space from 20,000 SF minimum divisible to 98,000 SF maximum contiguous; Lease rate range listed at $3.50–$4.50 per SF MG
