Building Details

Year Built 2005

Stories 2

Tenancy Multi

Listing Agency: Anderson Commercial Group, LLC

Listed By: Steve Anderson · License #WI 90-51327 Show Phone

Source: Crexi

Added: Feb 3, 2020 Changed: Oct 15 Last Checked: Oct 16 at 6:36AM

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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

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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 / Yr

$274,145

Cap Rate

4.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,482,900 $5.5M

Cap Rate 7%

$3,916,357 $3.9M

Cap Rate 9%

$3,046,056 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,048 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $332,788 @ 7.0% cap · market cap 6.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Forward Dental - Hales ... Dental Office Ellie Mental Health Crisis Center Aurora Dermatology Medical Clinic Frederick Marcus Walker Dental Office Matthew J. Bernard, ... Dental Office

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar For Sale Nearby

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Mixed-Use Property with Retail Space

5419-5419- S 108th St, Hales Corners, WI 53130

$675,000

4,700 SF

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Specialty Commercial Property

Hales Corners, WI 53130

$1,399,000

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Established Footwear Retail Business

5427 S 108th Street, Hales Corners, WI 53130

$189,900

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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)