Functional Flex
For Sale
Contact for pricing
4560-4568 N 127th St, Butler, WI 53007
Well-maintained flex layout offers 4,300 SF suited for light industrial, distribution, and service operations.
Property Size15,726 SF
Price / SF$60.41
Days on Market165
Property Features for 4560-4568 N 127th St
General Information
Standard status
Active
Size
15,726 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Joe Langhoff · License #9271394
(414) 278-6812
Source:
Moodyscre
Added: Apr 2
Changed: Aug 14
Last Checked: Sep 13 at 6:22AM
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 Colliers - Milwaukee
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.
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 = 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
$57,264
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
6.03%
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%
$1,145,280
$1.1M
Cap Rate 7%
$818,057
$818.1K
Cap Rate 9%
$636,267
$636.3K
Market Conditions
NOI Build-Up for 15,726 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
$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 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%
$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
NOI $561,826 @ 7.0% cap · market cap 59.14%
Second Best
Industrial
$818.1K
$715.8K – $954.4K
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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
