Restaurant Space with Commercial
7754 Harwood Ave Wauwatosa, WI 53213
For Sale
Contact for pricing
Existing restaurant space includes a commercial kitchen, bar, and basement with parking nearby.
Property Size5,000 SF
Lot Size0.63 Acres
Price / SF$300
Days on Market882
Property Features for 7754 Harwood Ave
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.63 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Boerke
(414) 403-8546
Listed By:
John Kuhn
(414) 403-8546
Source:
Moodyscre
Added: Feb 29, 2024
Changed: Jul 29
Last Checked: Jul 29 at 11:03PM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
This existing restaurant space includes a commercial kitchen, bar, and basement area, providing the core improvements for food and beverage operations or a renovation plan. The property is approximately 5,000 SF.
The site is located close to Wauwatosa Village Farmers Market and Downtown, supporting a steady flow of visitors and daytime activity. Parking is available in an adjacent large city lot.
The building is also positioned as a redevelopment opportunity, including an adjacent property at 7762 Harwood Ave, for a combined 0.63 acre site. This configuration may appeal to buyers looking to modernize the existing structure and reimagine the adjacent parcel together.
The site is located close to Wauwatosa Village Farmers Market and Downtown, supporting a steady flow of visitors and daytime activity. Parking is available in an adjacent large city lot.
The building is also positioned as a redevelopment opportunity, including an adjacent property at 7762 Harwood Ave, for a combined 0.63 acre site. This configuration may appeal to buyers looking to modernize the existing structure and reimagine the adjacent parcel together.
Key Highlights
- Commercial kitchen, bar, and basement in existing restaurant space
- Approx. 5,000 SF restaurant building
- Parking available in adjacent large city lot
Financial Insights For Specialty 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 | $94.8k | $18.96 |
| − Vacancy | −$4.9k | −$0.99 |
| EGI | $89.9k | $17.97 |
| − OpEx | −$22.5k | −$4.49 |
| NOI | $67.4k | $13.48 |
5,000 SF · lease $18.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$962.9K
$842.5K – $1.12M
NOI $67,403 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$260.1K
$227.6K – $303.5K
NOI $18,207 @ 7.0% cap · market cap 1.21%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,998 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant space includes a commercial kitchen, bar, and basement with parking nearby.
Where is this conventional restaurant located?
The property is located at 7754 Harwood Ave Wauwatosa, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Commercial kitchen, bar, and basement in existing restaurant space; Approx. 5,000 SF restaurant building; Parking available in adjacent large city lot
