Building Details

Building Size 15,565 SF

Year Built 1981

Listing Agency: Anderson Commercial Group

Listed By: Steve Anderson · License #9051327 Show Phone

Source: Thebrokerlist

Added: Jun 28 Changed: Oct 2 Last Checked: Oct 12 at 4:40PM

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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.

This property is a former call center that can be converted to flex space or warehouse use. It features a fire sprinkler system and an 11' 9" ceiling height at the joist, with a 13' ceiling height noted. Loading convenience includes an 8' x 10' dock door with leveler and drain, plus a 10' x 10' drive-in door.

The property is located west of W Loomis Rd and south of W College Ave, in Greendale, WI. The available information supports conversion flexibility rather than a specific current operating configuration.

For tenants or buyers looking for industrial space that can adapt beyond an office-oriented layout, the existing building improvements and loading features provide a practical starting point. The combination of dock and drive-in access, along with sprinkler coverage and workable ceiling heights, supports a range of light warehouse and distribution or flex-style operations where a conversion may be appropriate.

Key Highlights

• Former call center space built in 1981, adaptable for flex or warehouse use
• 13' ceiling height (11' 9" at joist) for storage and flexible layout options
• Includes an 8' x 10' dock door with leveler and drain

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$136,913

Cap Rate

8.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,738,260 $2.7M

Cap Rate 7%

$1,955,900 $2.0M

Cap Rate 9%

$1,521,256 $1.5M

Market Conditions

NOI Build-Up for 15,565 SF

Gross rent

$226.0K $14.52/SF

− Vacancy

−$15.4K −$0.99/SF

EGI

$210.6K $13.53/SF

− OpEx

−$73.7K −$4.74/SF

NOI

$136.9K $8.80/SF

Area

Milwaukee County, WI

Vacancy

6.80%

Lease Rate

$14.52 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,738,260

Cap Rate 7%

$1,955,900

Cap Rate 9%

$1,521,256

Alternative Uses

Best Use

Flex RnD

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,913 @ 7.0% cap · market cap 8.30%

Second Best

Warehouse

$982.2K

$859.4K – $1.15M (±1% cap)

NOI $68,751 @ 7.0% cap · market cap 4.17%

Theoretical Best

Office A

$3.69M

$3.23M – $4.31M (±1% cap)

NOI $258,372 @ 7.0% cap · market cap 15.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

ebix, inc. Medical Billing Service Dr. James J. ... Physician Alejandra Siddalingaiah Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Law Firm Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13 ft

Clear height

1

Dock-high doors

1

Drive-in doors

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53129, WI

14,793

Population

6,046

Households

2.4

Avg Household Size

44

Median Age

49%

College-Educated

96%

High-School Grad

5.1 sq mi

ZIP Area

2,901

Density / Sq Mi

$95,412

Median Household Income

$55,956

Median Earnings

$1,177

Median Rent

$288,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Former call center space with 13' ceilings, dock and drive-in doors, and sprinkler system for flexible industrial use.

Where is this flex space located?

The property is located at 6400 Industrial Loop Greendale, WI.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Former call center space built in 1981, adaptable for flex or warehouse use; 13' ceiling height (11' 9" at joist) for storage and flexible layout options; Includes an 8' x 10' dock door with leveler and drain