Milwaukee Flex Property For
8400 W Silver Spring Dr, Milwaukee, WI 53225
For Sale
$1,250,000
MILWAUKEE FLEX PROPERTY
Property Size8,964 SF
Lot Size1.77 Acres
Price / SF$139.45
Days on Market190
Property Features for 8400 W Silver Spring Dr
General Information
Standard status
Property type
Size
Total Parking Spaces
Lot size
Building Details
Year Built
Buildings
Listed By:
Brian Flood
(414) 530-5302
Added: May 8
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Investment Insights
Based on property information with market context.
This Milwaukee property features two stand-alone buildings, available together or separately. The office building includes one 8'x8' overhead door, three restrooms, partial A/C, and furnace heating. The service building offers three 14'x12' overhead doors, one restroom, modine heating, and air exchange units. Abundant outdoor parking is available with 185 spaces, along with storage. The property provides access to Highway 145 (0.2 miles) via W Silver Spring Drive. It benefits from high visibility along W Silver Spring Dr (21,200 VPD) and W Fond Du Lac Ave (3,600 VPD). The property is ideal for automotive, landscaping, or contractor users. The lot size is 1.77 acres and the property size is 8964 square feet. A business is available for separate purchase.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,028
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,560
$1.9M
Cap Rate 7%
$1,343,257
$1.3M
Cap Rate 9%
$1,044,756
$1.0M
Market Conditions
NOI Build-Up for 8,964 SF
Gross rent
$145.2K $16.20/SF
− Vacancy
−$10.9K −$1.22/SF
EGI
$134.3K $14.99/SF
− OpEx
−$40.3K −$4.50/SF
NOI
$94.0K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,560
Cap Rate 7%
$1,343,257
Cap Rate 9%
$1,044,756
Alternative Uses
Best Use
Retail
$1.34M
$1.18M – $1.57M
NOI $94,028 @ 7.0% cap · market cap 7.52%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,256 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,789 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53225, WI
25,138
Population
11,019
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
7.0 sq mi
ZIP Area
3,591
Density / Sq Mi
$54,433
Median Household Income
$40,463
Median Earnings
$1,094
Median Rent
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Milwaukee, WI
Properties on Market for Flex space in Milwaukee
Vacancy Rate% for Industrial in Milwaukee, WI
Similar Off Market Nearby
- Rockin Rolls — 5480 N 92nd St, Milwaukee, WI 53225
- Younique's Kitchen — 5713 N 95th St, Milwaukee, WI 53225
- Taqueria Fiesta Istmeña — 9105 W Fond du Lac Ave, Milwaukee, WI 53225
Frequently Asked Questions
What type of property is this?
Flex space - MILWAUKEE FLEX PROPERTY
Where is this flex space located?
The property is located at 8400 W Silver Spring Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,250,000.
