Flex Space Business
New
For Sale
$370,000
736 Maritime Dr, Port Washington, WI
Individually owned flex space business condo units with approximately 2,250 to 5,500 sq ft for workshops, storage, and more.
Property Size4,000 SF
Price / SF$92.50
Days on Market7
Property Features for 736 Maritime Dr
General Information
Standard status
Active
Size
4,000 SF
Listing Agency:
RE/MAX United - Cedarburg
(262) 994-1370
Listed By:
Tracy Pitchford
(262) 994-1370
Source:
Exprealty
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 7:28AM
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 RE/MAX United - Cedarburg
Investment Insights
Based on property information with market context.
Flex space business condominiums at Billy Goat Business District, offered as individually owned units with flexible interior space ranging from approximately 2,250 to 5,500 sq. ft. Unit space can support a wide range of business and personal uses, including offices, workshops, equipment storage, inventory, and space for RVs, boats, and hobby or personal projects. The available property size is listed as 4,000.
The property is located at 736 Maritime Dr in Port Washington, Wisconsin, in a thriving harbor community. Billy Goat Business District is positioned as a destination designed to support business operations with ownership structure and flexible space options.
The property is located at 736 Maritime Dr in Port Washington, Wisconsin, in a thriving harbor community. Billy Goat Business District is positioned as a destination designed to support business operations with ownership structure and flexible space options.
Key Highlights
- Individually owned flex space business condo units
- Approximately 2,250 to 5,500 sq ft flexible space per unit
- Business uses include offices, workshops, and equipment storage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $5.47 |
| − Vacancy | −$1.1k | −$0.27 |
| EGI | $20.8k | $5.20 |
| − OpEx | −$3.1k | −$0.78 |
| NOI | $17.7k | $4.42 |
4,000 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$252.4K
$220.9K – $294.5K
NOI $17,668 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$208.1K
$182.1K – $242.8K
NOI $14,566 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Individually owned flex space business condo units with approximately 2,250 to 5,500 sq ft for workshops, storage, and more.
Where is this flex space located?
The property is located at 736 Maritime Dr Port Washington, WI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Individually owned flex space business condo units; Approximately 2,250 to 5,500 sq ft flexible space per unit; Business uses include offices, workshops, and equipment storage
