Two-Level Office
6165 N Green Bay Ave, Glendale, WI 53209
For Sale
$450,000
B-4-zoned property offers private offices, conference rooms, and restrooms on both floors.
Property Size2,442 SF
Price / SF$184.28
Days on Market200
Property Features for 6165 N Green Bay Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
(262) 780-5500
Listed By:
William Klumb
(262) 389-4924
Source:
Defererealestate
Added: Apr 24
Changed: Nov 7
Last Checked: Nov 8 at 4:04PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This two-level office building provides private offices, a conference room, and a bathroom on each floor. The main level includes a finished reception area, while a ramped entrance at the rear leads to parking and a private balcony. The 2,442-square-foot building was constructed in 1925 and is zoned B-4.
Situated on Green Bay Ave in Glendale, the property has visibility along the avenue.
Situated on Green Bay Ave in Glendale, the property has visibility along the avenue.
Key Highlights
- 2,442‑square‑foot office building on Green Bay Ave in Glendale
- Private offices, a conference room, and a bathroom on each level
- Finished reception area on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,923
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,460
$558.5K
Cap Rate 7%
$398,900
$398.9K
Cap Rate 9%
$310,256
$310.3K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$48.4K $19.80/SF
− Vacancy
−$11.1K −$4.55/SF
EGI
$37.2K $15.25/SF
− OpEx
−$9.3K −$3.81/SF
NOI
$27.9K $11.43/SF
Area
ZIP 53209
Vacancy
23.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,460
Cap Rate 7%
$398,900
Cap Rate 9%
$310,256
Alternative Uses
Best Use
Office B
$398.9K
$349.0K – $465.4K
NOI $27,923 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.8K
$513.5K – $684.6K
NOI $41,078 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Milwaukee County, WI
Properties on Market for Office buildings in Milwaukee County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - B-4-zoned property offers private offices, conference rooms, and restrooms on both floors.
Where is this office building located?
The property is located at 6165 N Green Bay Ave Glendale, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,442‑square‑foot office building on Green Bay Ave in Glendale; Private offices, a conference room, and a bathroom on each level; Finished reception area on the main floor
