Multi-Tenant Flex
For Sale
Contact for pricing
411 Travis Lane, Waukesha, WI 53189
Fully leased flex property with multiple suites, drive-in access, and office areas for commercial occupants.
Property Size13,000 SF
Price / SF$111.81
Days on Market53
Property Features for 411 Travis Lane
General Information
Standard status
Active
Size
13,000 SF
Class
C
Property subtype
Industrial
Occupancy
100%
Lease Type
NN
Additional Details
Drive-In Doors
5
Building Details
Year Built
1986
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
Peyton Mueller · License #112571-94
Source:
Crexi
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 16 at 8:48AM
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 Marcus & Millichap - Milwaukee
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, this 13,000 SF flex property is configured as a small-bay industrial asset with five suites occupied by four tenants. Each suite includes approximately 10%–15% office space, while five drive-in doors support ground-level access for occupants and their operations.
The building sits on a corner parcel in Waukesha, providing visibility and convenient access. Occupancy is reported at 100%, and contractual rent escalations range from 3%–5%, adding defined growth provisions to the existing lease profile.
The building sits on a corner parcel in Waukesha, providing visibility and convenient access. Occupancy is reported at 100%, and contractual rent escalations range from 3%–5%, adding defined growth provisions to the existing lease profile.
Key Highlights
- 100%-leased property with five suites and four tenants
- 13,000 SF flex property constructed in 1986
- Five drive‑in doors provide ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,421
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,420
$1.1M
Cap Rate 7%
$820,300
$820.3K
Cap Rate 9%
$638,011
$638.0K
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$71.1K $5.47/SF
− Vacancy
−$3.6K −$0.27/SF
EGI
$67.6K $5.20/SF
− OpEx
−$10.1K −$0.78/SF
NOI
$57.4K $4.42/SF
Area
Waukesha County, WI
Vacancy
5.00%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,420
Cap Rate 7%
$820,300
Cap Rate 9%
$638,011
Alternative Uses
Best Use
Flex RnD
$6.63M
$5.81M – $7.74M
NOI $464,437 @ 7.0% cap · market cap 31.95%
Second Best
Warehouse
$820.3K
$717.8K – $957.0K
NOI $57,421 @ 7.0% cap · market cap 3.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53189, WI
26,846
Population
10,443
Households
2.6
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
47.8 sq mi
ZIP Area
562
Density / Sq Mi
$114,555
Median Household Income
$58,501
Median Earnings
$1,206
Median Rent
$372,600
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 Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased flex property with multiple suites, drive-in access, and office areas for commercial occupants.
Where is this flex space located?
The property is located at 411 Travis Lane Waukesha, WI.
What is the asking price?
The asking price for this property is $1,453,564.
What are key features of this property?
This property features: 100%-leased property with five suites and four tenants; 13,000 SF flex property constructed in 1986; Five drive‑in doors provide ground‑level access
