Occupied Medical Office
For Sale
$5,950,000
5250 S 108th St Hales, Hales Corners, WI 53130
Healthcare tenants occupy the building under NNN leases with rent escalations and a remaining Forward Dental term.
Property Size20,048 SF
Price / SF$296.79
Days on Market193
Property Features for 5250 S 108th St Hales
General Information
Standard status
Active
Size
20,048 SF
Class
B
Property subtype
Multi Tenant Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.6%
Building Details
Building Size
20,048 SF
Year Built
2005
Buildings
1
Tenancy
Multi
Listing Agency:
Anderson Commercial Group
(414) 858-5222
Listed By:
Dan Stouff
(414) 858-5222
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 6:47AM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
The 20,048 SF medical office building was constructed in 2005 and is fully leased to Aurora Health Care and Forward Dental. The property carries NNN lease structures with rent escalations, including approximately 11 years remaining on the Forward Dental lease. The reported cap rate is 6.6%.
The building is located at 5250 S 108th St in Hales Corners, along Highway 100 between W Edgerton Ave and W Grange Ave. Traffic on the corridor is approximately 37,500 cars per day, based on DOT information, and the property is convenient to I-43.
The building is located at 5250 S 108th St in Hales Corners, along Highway 100 between W Edgerton Ave and W Grange Ave. Traffic on the corridor is approximately 37,500 cars per day, based on DOT information, and the property is convenient to I-43.
Key Highlights
- 20,048 SF medical office building constructed in 2005
- 100% occupied by Aurora Health Care and Forward Dental
- NNN leases with rent escalations
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
$276,602
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
4.65%
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%
$5,532,040
$5.5M
Cap Rate 7%
$3,951,457
$4.0M
Cap Rate 9%
$3,073,356
$3.1M
Market Conditions
NOI Build-Up for 20,048 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
$526.9K $26.28/SF
− Vacancy
−$65.9K −$3.29/SF
EGI
$461.0K $23.00/SF
− OpEx
−$184.4K −$9.20/SF
NOI
$276.6K $13.80/SF
Area
Milwaukee County, WI
Vacancy
12.50%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
40.00%
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%
$5,532,040
Cap Rate 7%
$3,951,457
Cap Rate 9%
$3,073,356
Alternative Uses
Best Use
Healthcare Medical
$3.95M
$3.46M – $4.61M
NOI $276,602 @ 7.0% cap · market cap 4.65%
Second Best
Office B
$3.92M
$3.43M – $4.57M
NOI $274,145 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,788 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53130, WI
7,743
Population
3,279
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
2,420
Density / Sq Mi
$86,806
Median Household Income
$53,544
Median Earnings
$1,274
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Life's Abundance — 9643 w forest home ave, hales corners, wi 53130
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare tenants occupy the building under NNN leases with rent escalations and a remaining Forward Dental term.
Where is this medical office space located?
The property is located at 5250 S 108th St Hales Hales Corners, WI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 20,048 SF medical office building constructed in 2005; 100% occupied by Aurora Health Care and Forward Dental; NNN leases with rent escalations
