Prime Industrial Space
For Sale
Contact for pricing
5201 W Clinton Ave, Milwaukee, WI 53223
28,504 SF industrial space with income upside.
Property Size28,504 SF
Lot Size2.44 Acres
Price / SF$46.13
Days on Market211
Property Features for 5201 W Clinton Ave
General Information
Standard status
Active
Size
28,504 SF
Lot size
2.44 Acres
Property subtype
Industrial
Zoning
IL1
Occupancy
100%
Net Operating Income
$84,600
Building Details
Year Built
1960
Buildings
1
Units
1
Listing Agency:
SNSHN Realty LLC
(608) 333-2827
Listed By:
Anna Cihla · License #5965690
Source:
Crexi
Added: Jan 24
Changed: Aug 12
Last Checked: Aug 22 at 10:53AM
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 SNSHN Realty LLC
Investment Insights
Based on property information with market context.
This industrial property offers 28,504 square feet of space and is currently 100% occupied. The property is situated on two parcels totaling 2.44 acres, which may offer development opportunities. The current rental rate is $3.16 per square foot NNN. There is potential to increase rents to the market standard of approximately $5.50 per square foot within the next 18 months. This adjustment is projected to increase the cap rate from 5.35% to over 9.5%.
Key Highlights
- Massive income upside through rent reset to market standard (~$5.50/SF) within 18 months.
- 100% occupancy with 28,504 SF of prime industrial space.
- Projected cap rate increase from 5.35% to over 9.5%.
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
$103,794
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
7.89%
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%
$2,075,880
$2.1M
Cap Rate 7%
$1,482,771
$1.5M
Cap Rate 9%
$1,153,267
$1.2M
Market Conditions
NOI Build-Up for 28,504 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
$155.9K $5.47/SF
− Vacancy
−$7.6K −$0.27/SF
EGI
$148.3K $5.20/SF
− OpEx
−$44.5K −$1.56/SF
NOI
$103.8K $3.64/SF
Area
Milwaukee, 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%
$2,075,880
Cap Rate 7%
$1,482,771
Cap Rate 9%
$1,153,267
Alternative Uses
Best Use
Industrial
$1.48M
$1.30M – $1.73M
NOI $103,794 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.85M
$5.99M – $7.99M
NOI $479,483 @ 7.0% cap · market cap 36.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 53223, WI
28,884
Population
13,436
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
2,918
Density / Sq Mi
$60,477
Median Household Income
$44,625
Median Earnings
$1,071
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 28,504 SF industrial space with income upside.
Where is this industrial property located?
The property is located at 5201 W Clinton Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,315,000.
What are key features of this property?
This property features: Massive income upside through rent reset to market standard (~$5.50/SF) within 18 months.; 100% occupancy with 28,504 SF of prime industrial space.; Projected cap rate increase from 5.35% to over 9.5%.
