Office-Industrial Building with Drive-In
N72 W12922 Good Hope Rd Menomonee Falls, WI 53051
New
N72 W12922 Good Hope Rd, Menomonee Falls, WI, 53051
$1,725,000
For Sale
$1,725,000
All-brick office building with storage and workshop space, including large drive-in doors and a backup generator.
Property Size9,240 SF
Price / SF$186.69
Days on Market6
Property Features for N72 W12922 Good Hope Rd
General Information
- Standard status
- Active
- Size
- 9,240 SF
- Property subtype
- coworking
Listing agency
Milwaukee
(262) 239-0970
Listed by
Timothy Nelson
(262) 239-0970
Source
Property.jll
Added: Jul 16 Updated: Jul 21 at 2:28AM Checked: Jul 21 at 2:58AM
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 Milwaukee
Investment Insights
Based on property information with market context.
This modern all-brick office building includes dedicated storage and workshop capabilities, along with high ceilings and large windows throughout. The layout incorporates garage space equipped with large drive-in doors to support loading and day-to-day operations. A backup generator is included for added resiliency.
The property offers excellent Good Hope Road frontage with superior visibility and access. It also includes extra land that provides expansion potential, positioned within a newer development area.
The building is supported by flexible zoning with multiple permitted uses, making it suitable for an owner-occupant or a redevelopment scenario, subject to approval of applicable use and development requirements. Please contact us for additional details.
The property offers excellent Good Hope Road frontage with superior visibility and access. It also includes extra land that provides expansion potential, positioned within a newer development area.
The building is supported by flexible zoning with multiple permitted uses, making it suitable for an owner-occupant or a redevelopment scenario, subject to approval of applicable use and development requirements. Please contact us for additional details.
Key Highlights
- Modern all‑brick office building with storage and workshop space
- Includes storage/workshop area with a garage equipped with large drive‑in doors
- High ceilings and large windows throughout
Local Financial Insights For Office B
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 | $229.5k | $24.84 |
| − Vacancy | −$58.5k | −$6.33 |
| EGI | $171.0k | $18.51 |
| − OpEx | −$42.8k | −$4.63 |
| NOI | $128.3k | $13.88 |
9,240 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$4.72M
$4.13M – $5.50M
NOI $330,108 @ 7.0% cap · market cap 19.14%
Second Best
Office B
$1.83M
$1.60M – $2.14M
NOI $128,280 @ 7.0% cap · market cap 7.44%
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
FONZ-FM WZTI-AM/FM
Radio Station
Milwaukee Radio Alliance ...
Radio Station
B93.3 FM The ‘80s ...
Radio Station
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FAQs
What type of property is this?
Flex space - All-brick office building with storage and workshop space, including large drive-in doors and a backup generator.
Where is this flex space located?
The property is located at N72 W12922 Good Hope Rd Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Modern all‑brick office building with storage and workshop space; Includes storage/workshop area with a garage equipped with large drive‑in doors; High ceilings and large windows throughout
