Milwaukee Warehouse For
For Sale
Contact for pricing
6555 W Mill Rd, Milwaukee, WI
Well-maintained, sprinklered 54,400 square foot warehouse in Milwaukee.
Property Size54,400 SF
Lot Size2.08 Acres
Price / SF$50.55
Days on Market339
Property Features for 6555 W Mill Rd
General Information
Standard status
Active
Size
54,400 SF
Lot size
2.08 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Boerke
(414) 347-1000
Listed By:
Cody Ziegler · License #12345
(414) 269-2539
Source:
Moodyscre
Added: Oct 14, 2025
Changed: Sep 16
Last Checked: Sep 16 at 8:31PM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
This property is a well-maintained warehouse located in Milwaukee, Wisconsin. The building features a sprinkler system and offers a total area of 54,400 square feet. It is suitable for warehouse and industrial purposes.
Key Highlights
- Well maintained
- Sprinklered
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
$240,539
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
8.75%
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%
$4,810,780
$4.8M
Cap Rate 7%
$3,436,271
$3.4M
Cap Rate 9%
$2,672,656
$2.7M
Market Conditions
NOI Build-Up for 54,400 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
$297.6K $5.47/SF
− Vacancy
−$14.6K −$0.27/SF
EGI
$283.0K $5.20/SF
− OpEx
−$42.4K −$0.78/SF
NOI
$240.5K $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 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%
$4,810,780
Cap Rate 7%
$3,436,271
Cap Rate 9%
$2,672,656
Alternative Uses
Best Use
Warehouse
$3.44M
$3.01M – $4.01M
NOI $240,539 @ 7.0% cap · market cap 8.75%
Second Best
Industrial
$2.83M
$2.48M – $3.30M
NOI $198,091 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$13.07M
$11.44M – $15.25M
NOI $915,095 @ 7.0% cap · market cap 33.28%
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
335
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained, sprinklered 54,400 square foot warehouse in Milwaukee.
Where is this warehouse located?
The property is located at 6555 W Mill Rd Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Well maintained; Sprinklered
