Milwaukee Flex Property For
For Sale
$1,250,000
8400 W Silver Spring Dr, Milwaukee, WI 53225
MILWAUKEE FLEX PROPERTY
Property Size8,964 SF
Lot Size1.77 Acres
Price / SF$139.45
Days on Market143
Property Features for 8400 W Silver Spring Dr
General Information
Standard status
Active
Property type
Flex space, Automotive properties, Parking lots & garages, Industrial properties, Retail properties & Spaces
Size
8,964 SF
Total Parking Spaces
185
Lot size
1.77 Acres
Building Details
Year Built
2017
Buildings
2
Listed By:
Brian Flood
(414) 530-5302
Added: May 8
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 = 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
$94,028
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
7.52%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Milwaukee, WI
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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.
