Property profile

5205 N Ironwood Rd Glendale, WI 53217

FOR LEASE
Office buildings
Property ID
US92-0286321
20,238 SF 1.46 ac lot Built 1976
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Ironwood Office Park presents a compelling investment opportunity in Milwaukee's North Shore submarket. This Class C office building, totaling 21,114 square feet, offers flexible space options ideal for a variety of businesses. Currently, 3,871 square feet are vacant, divisible into units ranging from a minimum of 304 square feet to a maximum contiguous space of 2,618 square feet. The property features a single, two-story building situated on a generous 2.2-acre lot. Its traditional office layout is complemented by executive office suite options, catering to diverse business needs. The multiple tenancy structure allows for a flexible approach to leasing, making it suitable for both established companies seeking expansion and smaller businesses looking for a professional workspace. Located in Milwaukee County, this property benefits from the area's established infrastructure and accessibility. The available space presents a unique chance to secure a well-positioned office in a thriving Milwaukee neighborhood. Interested parties are encouraged to inquire for further details and leasing options. The property's size and layout offer significant potential for customization and adaptation to suit specific business requirements. This is an excellent opportunity to establish a presence in a desirable Milwaukee location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Total area 20,238 SF
Lot 1.46 ac (63,815 SF)
APN 196-8002-000
UPID US92-0286321

Cap rate & NOI

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

Location

5205 N Ironwood Rd Glendale, WI 53217
Glendale metro Census 60200 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$838k
Blend (final) Blend
$700k

Owner & transaction history

since 2017
6 recorded transactions
2017
Price N/A
2017
$2.4M
2011
$2.6M
2010
$2.2M
1969
Price N/A
1969
Price N/A

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?”
More about this property
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