Flex Space Business
For Sale
$364,000
736 Maritime Dr, Port Washington, WI 53074
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$91
Days on Market90
Property Features for 736 Maritime Dr
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
2024
Listing Agency:
RE/MAX United - Cedarburg
Listed By:
Tracy Pitchford
(262) 994-1370
Source:
Nikolicgroup
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 7 at 1:06PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$17,668
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,360
$353.4K
Cap Rate 7%
$252,400
$252.4K
Cap Rate 9%
$196,311
$196.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$21.9K $5.47/SF
− Vacancy
−$1.1K −$0.27/SF
EGI
$20.8K $5.20/SF
− OpEx
−$3.1K −$0.78/SF
NOI
$17.7K $4.42/SF
Area
Ozaukee County, WI
Vacancy
5.00%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,360
Cap Rate 7%
$252,400
Cap Rate 9%
$196,311
Alternative Uses
Best Use
Warehouse
$252.4K
$220.9K – $294.5K
NOI $17,668 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$208.1K
$182.1K – $242.8K
NOI $14,566 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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 $364,000.
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
