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    Milwaukee Flex Space For Sale

    10003 W Carmen Ave Milwaukee, WI 53225

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    For Sale
    Contact for pricing

    Flex space available for sale in Milwaukee, Wisconsin.

    Type:Office, Industrial
    Property size:
    6,131 SF
    Price / SF:
    $44/SF
    Added:
    Aug 9, 2019
    Days on Market:
    2529
    Last Refresh:
    Jul 5 at 3:58 am

    Property Features for 10003 W Carmen Ave

    General Information

    Standard status
    Active
    Size
    6,131 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1962

    Listing office Newmark - Milwaukee

    Listing date Aug 9, 2019

    Source Crexi

    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 Newmark - Milwaukee

    Investment Insights

    Based on property information with market context.

    This property, located in Milwaukee, Wisconsin, offers 6,131 square feet of flex space. The property is suitable for commercial real estate purposes, including use as an office, warehouse, or industrial space. It can also be used as office units and office spaces.

    Key Highlights

    • For sale
    • Year Built: 1962

    Local Financial Insights For Industrial

    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 $33.5k $5.47
    − Vacancy −$1.6k −$0.27
    EGI $31.9k $5.20
    − OpEx −$9.6k −$1.56
    NOI $22.3k $3.64
    6,131 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%

    Alternative Uses

    Best Use
    Office B
    $1.00M
    $876.3K – $1.17M (±1% cap)
    NOI $70,105 @ 7.0% cap · market cap 25.49%
    Second Best
    Flex RnD
    $862.3K
    $754.5K – $1.01M (±1% cap)
    NOI $60,363 @ 7.0% cap · market cap 21.95%
    Theoretical Best
    Office A
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,133 @ 7.0% cap · market cap 37.50%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Dental Office Skin Care Clinic HVAC Service Parking Lot & Garage Spa & Massage Center Barber Shop (Bike/Boat/Book/etc) Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Flex space - Flex space available for sale in Milwaukee, Wisconsin.
    Where is this flex space located?
    The property is located at 10003 W Carmen Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: For sale; Year Built: 1962
    Contact an agent
    (262) 709-6043 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mitchell Starczynski
    Mitchell Starczynski
    Real Estate License ID: WI 75795
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