Flex Space with Three Drive-In
811 W College Ave Waukesha, WI 53186
For Sale
Contact for pricing
Fully heated and air-conditioned flex building with close access to I-94, three drive-in doors, and ample parking.
Property Size5,000 SF
Lot Size0.40 Acres
Price / SF$115
Days on Market30
Property Features for 811 W College Ave
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.40 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Barry Company
(414) 828-2500
Listed By:
David Bartelt
(414) 828-2500
Source:
Moodyscre
Added: Jul 1
Changed: Jul 30
Last Checked: Jul 30 at 3:18AM
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 The Barry Company
Investment Insights
Based on property information with market context.
Located in the heart of Waukesha, this flex space offers a mix of office and warehouse functionality with a fully heated and air-conditioned interior. The building includes an ideal +/- 1,000 SF office component with a 500 SF mezzanine. It sits on 0.4 acres and provides ample staff and customer parking.
Operations are supported by a facility that currently has extremely heavy power and easy vehicle access through three drive-in doors. With a building size of 5,000 SF, the layout is designed to accommodate both day-to-day office needs and efficient moving or service activity.
The property’s proximity to I-94 provides convenient access for employees, customers, and deliveries.
Operations are supported by a facility that currently has extremely heavy power and easy vehicle access through three drive-in doors. With a building size of 5,000 SF, the layout is designed to accommodate both day-to-day office needs and efficient moving or service activity.
The property’s proximity to I-94 provides convenient access for employees, customers, and deliveries.
Key Highlights
- Three drive‑in doors for easy vehicle access
- Extremely heavy power for demanding electrical needs
- Ideal +/- 1,000 SF office component with 500 SF mezzanine
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 | $27.4k | $5.47 |
| − Vacancy | −$1.4k | −$0.27 |
| EGI | $26.0k | $5.20 |
| − OpEx | −$3.9k | −$0.78 |
| NOI | $22.1k | $4.42 |
5,000 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.55M
$2.23M – $2.98M
NOI $178,630 @ 7.0% cap · market cap 31.07%
Second Best
Warehouse
$315.5K
$276.1K – $368.1K
NOI $22,085 @ 7.0% cap · market cap 3.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Tasteful Events Catering, LLC — 280 W Main St, Waukesha, WI 53186
- Lee John's Catering — 821 Perkins Ave, Waukesha, WI 53186
Frequently Asked Questions
What type of property is this?
Flex space - Fully heated and air-conditioned flex building with close access to I-94, three drive-in doors, and ample parking.
Where is this flex space located?
The property is located at 811 W College Ave Waukesha, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three drive‑in doors for easy vehicle access; Extremely heavy power for demanding electrical needs; Ideal +/- 1,000 SF office component with 500 SF mezzanine
