Listing Agency: White Pine Real Estate i***@whitepinelakecountry.com

Listed By: Jacob D'Acquisto Show Phone

Source: Exprealty

Added: Sep 1 Changed: Oct 8 Last Checked: Oct 19 at 11:55AM

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Investment Insights

Based on property information with market context.

This 1,800-square-foot office-flex space is located within a secure building. Its setting is semi-secluded while remaining near Hwy 18 and Hwy 83.

Key Highlights

• 1,800 square feet of office‑flex space
• Secure building
• Near Hwy 18 and Hwy 83

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,554

Suggested Prices Based on Cap Rates

Cap Rate 5%

$131,080 $131.1K

Cap Rate 7%

$93,629 $93.6K

Cap Rate 9%

$72,822 $72.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$9.8K $5.47/SF

− Vacancy

−$482 −$0.27/SF

EGI

$9.4K $5.20/SF

− OpEx

−$2.8K −$1.56/SF

NOI

$6.6K $3.64/SF

Area

Waukesha County, 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%

$131,080

Cap Rate 7%

$93,629

Cap Rate 9%

$72,822

Alternative Uses

Best Use

Flex RnD

$918.7K

$803.8K – $1.07M (±1% cap)

NOI $64,307 @ 7.0% cap · market cap 3,572.61%

Second Best

Industrial

$93.6K

$81.9K – $109.2K (±1% cap)

NOI $6,554 @ 7.0% cap · market cap 364.11%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 53183, WI

3,110

Population

1,117

Households

2.8

Avg Household Size

43

Median Age

49%

College-Educated

99%

High-School Grad

3.5 sq mi

ZIP Area

889

Density / Sq Mi

$109,327

Median Household Income

$62,286

Median Earnings

$1,473

Median Rent

$383,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Office-flex space sits in a secure building near Hwy 18 and Hwy 83.

Where is this flex space located?

The property is located at E1-543 A J Allen Circle Wales, WI.

What are key features of this property?

This property features: 1,800 square feet of office‑flex space; Secure building; Near Hwy 18 and Hwy 83