Waukesha Industrial Flex
For Sale
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W246 S3255 Industrial Lane, Waukesha, WI 53189
14,000 SF multi-tenant building in Waukesha, Wisconsin.
Property Size14,000 SF
Lot Size1.20 Acres
Price / SF$103.57
Days on Market151
Property Features for W246 S3255 Industrial Lane
General Information
Standard status
Active
Size
14,000 SF
Lot size
1.20 Acres
Property subtype
Industrial
Zoning
I-1; Limited Industrial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$115,000
Building Details
Year Built
1981
Buildings
1
Tenancy
Multi
Listing Agency:
Capital Commercial
Listed By:
Kevin Crary · License #WI
(262) 691-1310
Source:
Crexi
Added: May 15
Changed: Oct 11
Last Checked: Oct 12 at 6:31PM
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 Capital Commercial
Investment Insights
Based on property information with market context.
Located at W246 S3255 Industrial Lane in Waukesha, Wisconsin, this 14,000 square foot industrial/flex building is a multi-tenant property. Constructed in 1981, the metal building sits on a 1.2-acre lot. The property is serviced by municipal sewer and water utilities. The location provides convenient access to the bypass. Currently, the building is occupied by two tenants.
Key Highlights
- 14,000 square foot Industrial/Flex multi‑tenant building
- Great location with easy access to the bypass
- Located in Waukesha, Wisconsin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,979
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,580
$1.0M
Cap Rate 7%
$728,271
$728.3K
Cap Rate 9%
$566,433
$566.4K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$76.6K $5.47/SF
− Vacancy
−$3.8K −$0.27/SF
EGI
$72.8K $5.20/SF
− OpEx
−$21.8K −$1.56/SF
NOI
$51.0K $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%
$1,019,580
Cap Rate 7%
$728,271
Cap Rate 9%
$566,433
Alternative Uses
Best Use
Flex RnD
$7.15M
$6.25M – $8.34M
NOI $500,163 @ 7.0% cap · market cap 34.49%
Second Best
Industrial
$728.3K
$637.2K – $849.7K
NOI $50,979 @ 7.0% cap · market cap 3.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53189, WI
26,846
Population
10,443
Households
2.6
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
47.8 sq mi
ZIP Area
562
Density / Sq Mi
$114,555
Median Household Income
$58,501
Median Earnings
$1,206
Median Rent
$372,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - 14,000 SF multi-tenant building in Waukesha, Wisconsin.
Where is this flex space located?
The property is located at W246 S3255 Industrial Lane Waukesha, 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: 14,000 square foot Industrial/Flex multi‑tenant building; Great location with easy access to the bypass; Located in Waukesha, Wisconsin
