11015 W Oklahoma Ave West Allis, WI 53227
Condo unit leased to USPS with redevelopment potential.
Property Features for 11015 W Oklahoma Ave
General Information
- Standard status
- Active
- Size
- 8,732 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing office Mid America Real Estate Milwaukee (414) 390-1402
Listing date Mar 7, 2026
Source Midamericagrp
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All listing content including descriptions, pricing, images are the copyrighted material of Mid America Real Estate Milwaukee
Investment Insights
Based on property information with market context.
Key Highlights
- Solid 6.77% Cap Rate and $104,785 Year 1 NOI: Provides a strong immediate return on investment.
- Mission‑Critical Government Tenant (USPS): Offers stable, reliable income stream.
- Strong Co‑Tenancy with High‑Traffic Ace Hardware: Benefits from over 235,000 annual visits, enhancing visibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.0k | $15.00 |
| − Vacancy | −$4.7k | −$0.54 |
| EGI | $126.3k | $14.46 |
| − OpEx | −$37.9k | −$4.34 |
| NOI | $88.4k | $10.12 |
