Flex Office/Warehouse
936 W Greenfield Ave Milwaukee, WI 53204
For Sale
$630,000
Approximately 8,000 sq ft flex office/warehouse building in Walker's Point, offered via auction.
Property Size8,000 SF
Price / SF$78.75
Days on Market19
Property Features for 936 W Greenfield Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
Listing Agency:
Top Hat Auction and Realty LLC
(414) 218-5244
Listed By:
Dennis Schramer II
(414) 218-5244
Source:
Exprealty
Added: Jul 6
Changed: Jul 21
Last Checked: Jul 23 at 5:47PM
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 Top Hat Auction and Realty LLC
Investment Insights
Based on property information with market context.
This approximately 8,000 sq ft flex office/warehouse building is offered for sale at 936 W Greenfield Ave in Milwaukee, WI. Public remarks indicate the property is currently occupied, with tenants expected to move to month-to-month status soon while expressing interest in signing new 3-year leases. The current rent level is described as having room for increases, including a stated possibility of transitioning to NNN leases.
The sale is being conducted as an auction, with acceptance of the best offer subject to seller approval. To submit an offer, bidders are directed to the “Sell It or No” website under “Prime Commercial Space on Greenfield Ave.” The offer builder allows bids to include contingencies and displays the highest price bid, though bid terms are not shown to other bidders. An authorization hold of $500 on a credit card is required to submit a bid and is only charged if the seller selects the offer. An auction inspection is scheduled for 7/11 from noon to 1pm.
The sale is being conducted as an auction, with acceptance of the best offer subject to seller approval. To submit an offer, bidders are directed to the “Sell It or No” website under “Prime Commercial Space on Greenfield Ave.” The offer builder allows bids to include contingencies and displays the highest price bid, though bid terms are not shown to other bidders. An authorization hold of $500 on a credit card is required to submit a bid and is only charged if the seller selects the offer. An auction inspection is scheduled for 7/11 from noon to 1pm.
Key Highlights
- Approximately 8,000 sq ft flex office/warehouse building in Walker's Point
- Auction listing with an auction inspection scheduled for 7/11 from noon to 1pm
- Current tenants are on month‑to‑month soon, and are long‑term with interest in new 3‑year leases
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $5.47 |
| − Vacancy | −$2.1k | −$0.27 |
| EGI | $41.6k | $5.20 |
| − OpEx | −$6.2k | −$0.78 |
| NOI | $35.4k | $4.42 |
8,000 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.13M
$984.6K – $1.31M
NOI $78,764 @ 7.0% cap · market cap 12.50%
Second Best
Warehouse
$505.3K
$442.2K – $589.6K
NOI $35,373 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,573 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Good Man's Bookkeeping ...
Accounting Firm
Elemental Financial LLC
Accounting Firm
Similar Off Market Nearby
- Blac Diamond Catering & Events — 905 S 5th St, Milwaukee, WI 53202
FAQs
What type of property is this?
Flex space - Approximately 8,000 sq ft flex office/warehouse building in Walker's Point, offered via auction.
Where is this flex space located?
The property is located at 936 W Greenfield Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Approximately 8,000 sq ft flex office/warehouse building in Walker's Point; Auction listing with an auction inspection scheduled for 7/11 from noon to 1pm; Current tenants are on month‑to‑month soon, and are long‑term with interest in new 3‑year leases
