Office Building for
For Sale
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5250 S 108th St, Hales Corners, WI 53130
Office building with 20,048 square feet available for sale.
Property Size20,048 SF
Price / SF$274.34
Days on Market2402
Property Features for 5250 S 108th St
General Information
Standard status
Active
Size
20,048 SF
Class
B
Total Parking Spaces
88
Property subtype
Office
Zoning
B1
Occupancy
100%
Lease Type
NNN
Net Operating Income
$385,119
Building Details
Year Built
2005
Stories
2
Tenancy
Multi
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Steve Anderson · License #WI 90-51327
Source:
Crexi
Added: Feb 3, 2020
Changed: Aug 23
Last Checked: Aug 29 at 10:08PM
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 Anderson Commercial Group, LLC
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 20,048 square feet. The property is available for sale.
Key Highlights
- Built in 2005 (relatively modern construction)
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
$274,145
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
4.98%
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%
$5,482,900
$5.5M
Cap Rate 7%
$3,916,357
$3.9M
Cap Rate 9%
$3,046,056
$3.0M
Market Conditions
NOI Build-Up for 20,048 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
$498.0K $24.84/SF
− Vacancy
−$132.5K −$6.61/SF
EGI
$365.5K $18.23/SF
− OpEx
−$91.4K −$4.56/SF
NOI
$274.1K $13.67/SF
Area
Milwaukee County, WI
Vacancy
26.60%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
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%
$5,482,900
Cap Rate 7%
$3,916,357
Cap Rate 9%
$3,046,056
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,145 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,788 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 53130, WI
7,743
Population
3,279
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
2,420
Density / Sq Mi
$86,806
Median Household Income
$53,544
Median Earnings
$1,274
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 20,048 square feet available for sale.
Where is this office building located?
The property is located at 5250 S 108th St Hales Corners, WI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Built in 2005 (relatively modern construction)
