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Property profile & analytics
FOR SALE
Office buildings

11700 W Lake Park Dr Milwaukee, WI 53224

32,334 SF 3.03 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US92-0685555
Property summary
AI-generated overview

This exceptional 32,334 square foot single-story office building, situated on a 3.03-acre lot in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1986 and extensively renovated in 2020, the property boasts modern amenities and is ready for immediate occupancy. The entire building is currently vacant, offering flexibility for a single large tenant or multiple smaller tenants. Minimum divisible space starts at 1,830 square feet, with the potential to lease or purchase the entire 32,334 square feet contiguously. The property features ample parking, with a ratio of 4.46 spaces per 1,000 square feet. Its prime location at 11700 W. Lake Park Drive, in Milwaukee County (APN: 076-0032-000-3), offers excellent accessibility and visibility. This executive office space is ideal for businesses seeking a modern, well-maintained facility in a desirable location. The property's recent renovation ensures efficient and comfortable workspace, making it an attractive option for a variety of commercial uses. The expansive lot size provides ample room for expansion or future development. This is a rare opportunity to acquire a substantial, fully vacant office building in a thriving Milwaukee market. Contact us today to learn more about this exceptional property.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 32,334 SF
Lot 3.03 ac (132,030 SF)
Zoning code PD
APN 076-0032-000
UPID US92-0685555
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • United Neighborhood Center-Amrc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.10M
Blend (final) Blend
$2.50M
Owner & transaction history
Oryx Properties LLC · 5 yrs held
Oryx Properties LLC
since 2021
Last sale
$2.2M
7 recorded transactions
2025
Price N/A
2021
$2.2M
2020
Price N/A
2020
$225,000
2016
$1.2M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.1M +60.5%
Auto repair, garage $3.9M +50.6%
Retail stores $3.5M +35.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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