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 Market256
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
Listed By:
Anna Cihla · License #5965690
(608) 333-2827
Source:
Crexi
Added: Jan 24
Changed: Sep 13
Last Checked: Oct 5 at 6:23PM
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 / Yr
$103,794
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Milwaukee, WI
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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%.
