Single-Story Office
For Sale
$499,900
9306 N 107th St Unit 9316, Milwaukee, WI 53224
Tenant-occupied office property with available suites, shared amenities, parking, and flexible office or flex-use configurations.
Property Size9,688 SF
Price / SF$51.60
Days on Market85
Property Features for 9306 N 107th St Unit 9316
General Information
Standard status
Active
Size
9,688 SF
Building Details
Year Built
1982
Listing Agency:
Midwest Executive Realty
Listed By:
Sonya Mays · License #56555
(414) 395-8771
Source:
Jwregwi
Added: Jul 28
Changed: Oct 8
Last Checked: Oct 7 at 5:33PM
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 Midwest Executive Realty
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Investment Insights
Based on property information with market context.
The 9,688-square-foot office property was built in 1982 and is currently occupied by multiple tenants, with additional space available for an owner-user or future leasing. The layout includes small and large private offices, meeting and conference areas, and a shared kitchenette. White-box and buildout options are also available, supporting varied office configurations and flex use.
Landscaped grounds and outdoor views complement the property. The site is positioned near Brown Deer Road and Mequon, with direct access to Hwy 45 and Hwy 145. Ample parking supports the existing multi-tenant arrangement and potential single-tenant office use.
Landscaped grounds and outdoor views complement the property. The site is positioned near Brown Deer Road and Mequon, with direct access to Hwy 45 and Hwy 145. Ample parking supports the existing multi-tenant arrangement and potential single-tenant office use.
Key Highlights
- 9,688 SF office building constructed in 1982
- Currently occupied by multiple tenants with additional space available
- Private offices, meeting areas, conference room, and shared kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,278
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Office building - Tenant-occupied office property with available suites, shared amenities, parking, and flexible office or flex-use configurations.
Where is this office building located?
The property is located at 9306 N 107th St Unit 9316 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 SF office building constructed in 1982; Currently occupied by multiple tenants with additional space available; Private offices, meeting areas, conference room, and shared kitchenette
