Property profile

6701 Ryan Rd Franklin, WI 53132

OFF-MARKET
Commercial real estate
Property ID
US92-1290349
6.2 ac lot Built 1993
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial warehouse property, located at 6701-6705 W. Ryan Road in Franklin, Wisconsin, offers a compelling investment opportunity. The 20,987 square foot building sits on a 6.89-acre lot and boasts a 16-foot ceiling height. Constructed in 1993 and extensively renovated in 2022, the property includes a 1,044 square foot office space, perfectly suited for owner-occupiers. The warehouse features two loading docks, a drive-through bay, and multiple drive-in doors (specifications vary). The property benefits from excellent visibility on Ryan Road and includes hydronic floor heat. Four holding tanks were recently replaced. Current income is in place, with a lease structure of NNN at $2.50 per square foot, including a 3% property management fee. A portion of the land (0.49 acres) is also available for expansion. The property is currently partially leased, with 10,157 square feet occupied and 10,800 square feet available. The asking price is $3,350,000. This property presents a rare combination of modern amenities, functional design, and a prime location in Milwaukee County, Wisconsin.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Lot 6.2 ac (269,985 SF)
APN 898-9999-000
UPID US92-1290349

Cap rate & NOI

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

Location

6701 Ryan Rd Franklin, WI 53132-9568
Franklin metro Census 187200 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.23M

Owner & transaction history

since 2024
Last sale
$3.3M
7 recorded transactions
2024
$3.3M
2024
Price N/A
2023
Price N/A
2022
$2.3M
2021
Price N/A
2021
$1.4M
2019
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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