Multi-Tenant Office
For Sale
$499,900
9306 N 107th St, Milwaukee, WI 53224
Y, Milwaukee, WI
Property Size9,688 SF
Lot Size0.82 Acres
Price / SF$51.60
Days on Market92
Property Features for 9306 N 107th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IO1
Directions
Brown Deer Rd to 107th St, north to Glenbrook Ct, east to building.
Standard status
Active
APN
0030152000
Size
9,688 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8016
Amenities
shared kitchenette
meeting room space
conference room
landscaped grounds
Building Details
Year built
1982
Architectural style
Other
Listing Agency:
Midwest Executive Realty
(414) 395-8771
Listed By:
Sonya Mays · License #56555
(414) 395-0182
Added: Jun 5
Changed: Aug 30
Last Checked: Sep 4 at 12:06PM
MLS# 1966034
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,688-square-foot office property contains a single-story, multi-tenant building completed in 1982. The interior includes small and large private offices, conference and meeting areas, and a shared kitchenette. Existing occupancy is supplemented by additional space that can support owner use or future leasing. White-box and buildout options are also available.
The property occupies 0.82 acres at 9306 N 107th St in Milwaukee, Wisconsin. Its northwest-side setting provides access to Brown Deer Rd, Mequon, Hwy 45, and Hwy145. The site includes landscaped grounds, outdoor views, and ample parking. Zoning is IO1, and the building can accommodate multi-tenant office or flex-space configurations.
The property occupies 0.82 acres at 9306 N 107th St in Milwaukee, Wisconsin. Its northwest-side setting provides access to Brown Deer Rd, Mequon, Hwy 45, and Hwy145. The site includes landscaped grounds, outdoor views, and ample parking. Zoning is IO1, and the building can accommodate multi-tenant office or flex-space configurations.
Key Highlights
- 9,688‑square‑foot office building on 0.82 acres
- Single‑story, multi‑tenant configuration with additional space available
- Small and large private offices, conference rooms, and meeting areas
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
$35,278
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
7.06%
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%
$705,560
$705.6K
Cap Rate 7%
$503,971
$504.0K
Cap Rate 9%
$391,978
$392.0K
Market Conditions
NOI Build-Up for 9,688 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
$53.0K $5.47/SF
− Vacancy
−$2.6K −$0.27/SF
EGI
$50.4K $5.20/SF
− OpEx
−$15.1K −$1.56/SF
NOI
$35.3K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$705,560
Cap Rate 7%
$503,971
Cap Rate 9%
$391,978
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.85M
NOI $110,777 @ 7.0% cap · market cap 22.16%
Second Best
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,384 @ 7.0% cap · market cap 19.08%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $162,968 @ 7.0% cap · market cap 32.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 53224, WI
20,786
Population
8,530
Households
2.4
Avg Household Size
32
Median Age
27%
College-Educated
92%
High-School Grad
10.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$69,727
Median Household Income
$44,745
Median Earnings
$1,160
Median Rent
$194,600
Median Home Value
Market
Vacancy Rate% for Office in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story offices include shared meeting areas, a kitchenette, and private workspaces.
Where is this office building located?
The property is located at 9306 N 107th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 9,688‑square‑foot office building on 0.82 acres; Single‑story, multi‑tenant configuration with additional space available; Small and large private offices, conference rooms, and meeting areas
