Listing Agency: Colliers - Milwaukee Show Phone

Listed By: Joe Langhoff · License #9271394 Show Phone

Source: Moodyscre

Added: Apr 2 Changed: Oct 25 Last Checked: Oct 28 at 11:57AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This well-maintained flex property includes a functional 4,300 SF layout designed to support a range of light industrial, distribution, contractor shop, and service operation needs. The building configuration is intended to provide flexible working space for day-to-day use.

Located in a Butler industrial pocket with quick access to Hwy 45 and Hwy 41, the property also serves businesses looking to operate within the broader Milwaukee metro area.

The offering is presented as an affordable, flexible option for growing local businesses, supported by the practical flex configuration and professional ownership.

Key Highlights

• 4,300 SF flex layout suited for light industrial, distribution, contractor shops, and service operations
• Well‑maintained building
• Quick access to Hwy 45 and Hwy 41 for convenient Milwaukee metro access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,264

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,145,280 $1.1M

Cap Rate 7%

$818,057 $818.1K

Cap Rate 9%

$636,267 $636.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,726 SF

Gross rent

$86.0K $5.47/SF

− Vacancy

−$4.2K −$0.27/SF

EGI

$81.8K $5.20/SF

− OpEx

−$24.5K −$1.56/SF

NOI

$57.3K $3.64/SF

Area

Waukesha 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 Rate 5%

$1,145,280

Cap Rate 7%

$818,057

Cap Rate 9%

$636,267

Alternative Uses

Best Use

Flex RnD

$8.03M

$7.02M – $9.36M (±1% cap)

NOI $561,826 @ 7.0% cap · market cap 59.14%

Second Best

Industrial

$818.1K

$715.8K – $954.4K (±1% cap)

NOI $57,264 @ 7.0% cap · market cap 6.03%

Theoretical Best

—

—

same as Best Use

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

Flex space

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Butcher Parking Lot & Garage Grocery & Convenience Store Acupuncture

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

538

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53007, WI

1,787

Population

907

Households

2

Avg Household Size

42

Median Age

30%

College-Educated

93%

High-School Grad

0.8 sq mi

ZIP Area

2,234

Density / Sq Mi

$55,577

Median Household Income

$41,250

Median Earnings

$937

Median Rent

$216,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Duplex with Two-Car Garage

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Butler Duplex with Updated Features

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Frequently Asked Questions

What type of property is this?

Flex space - Well-maintained flex layout offers 4,300 SF suited for light industrial, distribution, and service operations.

Where is this flex space located?

The property is located at 4560-4568 N 127th St Butler, WI.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 4,300 SF flex layout suited for light industrial, distribution, contractor shops, and service operations; Well‑maintained building; Quick access to Hwy 45 and Hwy 41 for convenient Milwaukee metro access