Storefront
1107 W Oklahoma Ave Unit 3, Milwaukee, WI 53215
For Sale
Contact for pricing
Five units are available in a storefront property built in 1952.
Property Size150 SF
Price / SF$1.33
Days on Market51
Property Features for 1107 W Oklahoma Ave Unit 3
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
The Real Estate Studio
Listed By:
Elite Realty Group* · License WI #8878794
(262) 444-1727
Source:
Jwregwi
Added: Sep 21
Changed: Nov 10
Last Checked: Oct 7 at 1:42PM
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 The Real Estate Studio
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Investment Insights
Based on property information with market context.
This storefront property was built in 1952 and is identified as Unit 3 at 1107 W Oklahoma Ave, Milwaukee, WI 53215. Five units are available, providing multiple storefront offerings within the property.
Key Highlights
- Five units available
- Unit 3 at 1107 W Oklahoma Ave, Milwaukee, WI 53215
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,556
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,120
$31.1K
Cap Rate 7%
$22,229
$22.2K
Cap Rate 9%
$17,289
$17.3K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$2.4K $16.20/SF
− Vacancy
−$207 −$1.38/SF
EGI
$2.2K $14.82/SF
− OpEx
−$667 −$4.45/SF
NOI
$1.6K $10.38/SF
Area
ZIP 53215
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,120
Cap Rate 7%
$22,229
Cap Rate 9%
$17,289
Alternative Uses
Best Use
Retail
$22.2K
$19.5K – $25.9K
NOI $1,556 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$39.5K
$34.6K – $46.1K
NOI $2,764 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Milwaukee, WI
Properties on Market for Storefront properties in Milwaukee
Vacancy Rate% for Retail in Milwaukee, WI
Similar Off Market Nearby
- Cream City Floral — 3036 South 13th Street, Milwaukee, WI 53215
Frequently Asked Questions
What type of property is this?
Storefront property - Five units are available in a storefront property built in 1952.
Where is this storefront property located?
The property is located at 1107 W Oklahoma Ave Unit 3 Milwaukee, WI.
What are key features of this property?
This property features: Five units available; Unit 3 at 1107 W Oklahoma Ave, Milwaukee, WI 53215; Built in 1952
