Industrial Building with Fenced
5920 W Bender Ct, Milwaukee, WI 53218
For Sale
$875,000
Industrial Building with Fenced Outside Storage
Property Size16,202 SF
Lot Size0.00 Acres
Price / SF$54.01
Days on Market187
Property Features for 5920 W Bender Ct
General Information
Standard status
Property type
Size
Net Rentable
Lot size
Building Details
Year Built
Buildings
Stories
Listed By:
Brian Flood
(414) 530-5302
Added: May 8
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an industrial building featuring a fully fenced lot with a motion gate, suitable for outside storage and trailer or vehicle storage. It offers three curb cuts for ingress and egress. Vaults and shipping containers are available for secure storage. Interior amenities include a kitchen or breakroom and locker rooms. Airlines are installed throughout the building. The building is fully leased until November 2026. It is equipped with six docks and one drive-in door, as well as floor drains. The electrical system provides 3-phase, 400 amp power. The property is located in Milwaukee, Wisconsin.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,640
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,800
$1.4M
Cap Rate 7%
$1,023,429
$1.0M
Cap Rate 9%
$796,000
$796.0K
Market Conditions
NOI Build-Up for 16,202 SF
Gross rent
$88.6K $5.47/SF
− Vacancy
−$4.3K −$0.27/SF
EGI
$84.3K $5.20/SF
− OpEx
−$12.6K −$0.78/SF
NOI
$71.6K $4.42/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,800
Cap Rate 7%
$1,023,429
Cap Rate 9%
$796,000
Alternative Uses
Best Use
Flex RnD
$3.90M
$3.42M – $4.55M
NOI $273,224 @ 7.0% cap
Second Best
Warehouse
$1.02M
$895.5K – $1.19M
NOI $71,640 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$4.38M
$3.84M – $5.11M
NOI $306,801 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Milwaukee, WI
Properties on Market for Flex space in Milwaukee
Vacancy Rate% for Industrial in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Flex space - Industrial Building with Fenced Outside Storage
Where is this flex space located?
The property is located at 5920 W Bender Ct Milwaukee, WI.
What is the asking price?
The asking price for this property is $875,000.
