Technical
Financial
Distress signals
Property profile

2500 W Layton Ave Milwaukee, WI 53221

FOR LEASE
Medical Office Space
Property ID
US92-0655845
44,265 SF 2.54 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16,577 square foot office building, completely renovated in 2023, offers multiple suites for lease in Milwaukee County. Located on W Layton Ave, a high-visibility corridor with approximately 23,800 cars passing daily, this property boasts unparalleled convenience, situated within a half-mile of I-43 and I-94 interchanges. The building currently houses a diverse range of medical tenants, including Hayat Prescriptions, PPW Health, Options Lab, Independent Physicians, WI Imaging Center of Excellence, Rheumatic Disease Center, Third Coast Vascular, Institute for Human Reproduction, and Presence Primary Care. Three spaces are immediately available, ranging from 1,514 to 3,873 contiguous square feet, with a total of 8,602 square feet currently vacant. The minimum divisible space is 1,514 square feet, providing flexibility for various business needs. Tenant Improvement Allowances (TIA) are available. This prime location offers excellent visibility and accessibility, making it an ideal space for medical practices or executive offices seeking a modern and well-established environment. The building's recent renovation ensures state-of-the-art facilities and amenities. The property's proximity to two of Wisconsin's largest hospital systems further enhances its appeal and potential for success.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 44,265 SF
Lot 2.54 ac (110,468 SF)
Zoning code RO1
APN 598-9979-120
UPID US92-0655845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Hospital
  • Physician
  • Physician
  • Physician

Location

2500 W Layton Ave Milwaukee, WI 53221
Milwaukee metro Census 21400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.37M
Blend (final) Blend
$3.52M

Owner & transaction history

since 2022
Last sale
$2.9M
4 recorded transactions
2022
$2.9M
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RO1 · Milwaukee, WI
Zoning description

r-2. In RO1 and RO2 districts, the use shall either: r-2-a. Meet the conditions of subd. 1; or r-2-b. Be located in a building containing at least one other principal use listed as a permitted use in the zoning district…

General category COMMERCIAL
Top alternative use upside
Retail stores $4.8M +4.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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