Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 Silver Spg Dr Whitefish Bay, WI 53217

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Executive office space, prime location.

    Lot size:
    19,898 SF

    Property Features for 121 Silver Spg Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,898 SF
    Total Rate
    30676.08

    Spaces For Lease

    at 121 Silver Spg Dr, Whitefish Bay, WI 53217 Contact us
    Unit 1st Floor

    $26 /Mo

    Size
    2,304 SF
    Contact us
    Unit Suite 202

    $18 /Mo

    Size
    1,850 SF
    Contact us
    Unit Suite 207

    $18 /Mo

    Size
    361 SF
    Contact us

    We can help!

    Listing Contact
    Marianne Burish
    Marianne Burish

    Listing Agency: Transwestern Milwaukee Listing Agent: Marianne Burish

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional office building, located on the desirable East Silver Spring Drive in Milwaukee County, offers three suites totaling 19,898 square feet. Currently, 4,515 square feet are available, divisible into spaces ranging from 361 to 2,304 contiguous square feet. Two light and bright corner suites are immediately available; one larger suite, previously a dermatology practice, features a spacious reception area, private offices, and two bathrooms. The smaller suite is ideal for a solo practitioner. The building boasts on-site parking and is conveniently located near a vibrant mix of residential and commercial businesses, creating a pedestrian-friendly environment. Its prime North Shore location offers easy access to I-43N via East Silver Spring Drive or Bayshore. Nearby amenities include Club Pilates, Fringe Interiors, Honeycomb Salon, Forage, Creator Collaborative, and Empower Yoga. The building also provides basement storage. The previous tenant of one suite was fitness-oriented, leaving the space in excellent, like-new condition, adaptable to various business needs. This presents a unique opportunity to secure high-value office space in a thriving, amenity-rich location. The building's location offers both walkability and easy access for commuters. This is an unparalleled opportunity to join other exceptional businesses in this building and on this highly sought-after street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish Bay
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.909767
    Latitude
    43.1183281

    Nearby Similar for Lease

    • Contact for pricing
      1,835 SF

      Mixed-Use Building in Prime Location

      Two-story mixed-use building with office and retail space available.
      151-159 E Silver Spg Dr, Whitefish Bay, WI
      View Details
    • $19 SF/Yr
      22,294 SF

      Prime Whitefish Bay Office Suites

      Executive office space, flexible terms.
      409 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details
    • $14 SF/Yr
      19,360 SF

      Prime Whitefish Bay Office Space

      1,487 SF Executive/Medical Office Available
      155 Silver Spg Dr, Whitefish Bay, WI 53217
      View Details

    FAQs

    What type of property is this?
    Office property - Executive office space, prime location.
    Where is this office property located?
    The property is located at 121 Silver Spg Dr Whitefish Bay, WI.
    What is the lease rate?
    The lease rate is $18-$26 SF/Yr.
    What are key features of this property?
    This property features: Prime North Shore location, near residential and commercial areas.; Excellent proximity to Bayshore Town Center.; Basement storage available.
    (414) 270-4109 Call to check price and availability
    Request Owner's contact information
    121 Silver Spg Dr Whitefish Bay, WI 53217
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Silver Spg Dr
    Whitefish Bay, WI 53217
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Silver Spg Dr Whitefish Bay, WI 53217
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marianne Burish
    Marianne Burish
    Real Estate License ID: 5649190
    (414) 270-4109 (414) 305-3070 (843) 725-3427
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!