Single-Tenant Industrial Flex
N59W14283 Bobolink Ave Menomonee Falls, WI 53051
New
N59W14283 Bobolink Ave, Menomonee Falls, WI, 53051
$595,000
For Sale
$595,000
A 100% leased industrial flex building with renovated office space and four drive-in doors.
Property Size5,000 SF
Lot Size1.09 Acres
Price / SF$119
Days on Market2
Property Features for N59W14283 Bobolink Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 1.09 Acres
- Property subtype
- Office Warehouse
Building Details
- Year Built
- 1967
Listing agency
Marcus & Millichap - Milwaukee
(262) 364-1915
Listed by
Peyton Mueller · License #License(s): WI: 112571-94
(262) 364-1915
Source
Marcusmillichap
Added: Jul 22 Updated: Jul 23 at 3:17AM Checked: Jul 23 at 3:17AM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
This single-tenant industrial flex building includes approximately 1,000 square feet of newly renovated office space completed in 2025 and roughly 4,000 square feet of warehouse space. The property is situated on 1.09 acres with industrial outdoor storage and features four drive-in doors designed to support efficient truck circulation.
The asset is currently leased on a 100% occupancy basis. The tenant, Wisconsin Home Improvement Co., executed a new three-year lease commencing April 2026.
Rental income is supported by a modified gross lease structure, including annual rent escalations of 12.5% in 2027 and 11% in 2028, resulting in approximately 25% total rent growth over the lease term. The current gross rental income is listed as $49,587 and the property reports Net Operating Income of $37,273.
The asset is currently leased on a 100% occupancy basis. The tenant, Wisconsin Home Improvement Co., executed a new three-year lease commencing April 2026.
Rental income is supported by a modified gross lease structure, including annual rent escalations of 12.5% in 2027 and 11% in 2028, resulting in approximately 25% total rent growth over the lease term. The current gross rental income is listed as $49,587 and the property reports Net Operating Income of $37,273.
Key Highlights
- 5,008 SF single‑tenant industrial asset in Menomonee Falls, WI with 100% occupancy
- Wisconsin Home Improvement Co. lease renewed for a new three‑year term commencing April 2026
- Lease includes rent escalations of 12.5% in 2027 and 11% in 2028 (about 25% total growth over the term)
Local 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 | $27.4k | $5.47 |
| − Vacancy | −$1.4k | −$0.27 |
| EGI | $26.0k | $5.20 |
| − OpEx | −$3.9k | −$0.78 |
| NOI | $22.1k | $4.42 |
5,000 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.55M
$2.23M – $2.98M
NOI $178,630 @ 7.0% cap · market cap 30.02%
Second Best
Office B
$991.6K
$867.7K – $1.16M
NOI $69,415 @ 7.0% cap · market cap 11.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - A 100% leased industrial flex building with renovated office space and four drive-in doors.
Where is this flex space located?
The property is located at N59W14283 Bobolink Ave Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 5,008 SF single‑tenant industrial asset in Menomonee Falls, WI with 100% occupancy; Wisconsin Home Improvement Co. lease renewed for a new three‑year term commencing April 2026; Lease includes rent escalations of 12.5% in 2027 and 11% in 2028 (about 25% total growth over the term)
