Flex Space with Office
N93W16288 Megal Dr, Menomonee Falls, WI 53051
For Sale
Contact for pricing
The property combines flexible commercial space with office use in a single building.
Property Size21,673 SF
Price / SF$66.90
Days on Market20
Property Features for N93W16288 Megal Dr
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Property Use
Listing Agency:
The Barry Company
Listed By:
David Bartelt · License WI 114296-94
(414) 828-2500
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 2:19PM
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 The Barry Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property provides approximately 21,673 square feet of space configured for office and flexible commercial use. The available information identifies both functions within the offering.
Key Highlights
- Approximately 21,673 SF of flex and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,920
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,400
$1.6M
Cap Rate 7%
$1,127,429
$1.1M
Cap Rate 9%
$876,889
$876.9K
Market Conditions
NOI Build-Up for 21,673 SF
Gross rent
$118.6K $5.47/SF
− Vacancy
−$5.8K −$0.27/SF
EGI
$112.7K $5.20/SF
− OpEx
−$33.8K −$1.56/SF
NOI
$78.9K $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%
$1,578,400
Cap Rate 7%
$1,127,429
Cap Rate 9%
$876,889
Alternative Uses
Best Use
Flex RnD
$11.06M
$9.68M – $12.90M
NOI $774,289 @ 7.0% cap
Second Best
Industrial
$1.13M
$986.5K – $1.32M
NOI $78,920 @ 7.0% cap · market cap 5.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Waukesha County, WI
Properties on Market for Flex space in Waukesha County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Firehouse Subs Menomonee Falls Station — N92 W16135 Falls Pkwy, Menomonee Falls, WI 53051
Frequently Asked Questions
What type of property is this?
Flex space - The property combines flexible commercial space with office use in a single building.
Where is this flex space located?
The property is located at N93W16288 Megal Dr Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 21,673 SF of flex and office space
