Limestone Storefront
For Sale
Contact for pricing
13180-13200 Watertown Plank Rd, Elm Grove, WI 53122
Commercial property supporting retail, office, service, or build-to-suit use in Elm Grove.
Property Size6,265 SF
Lot Size0.50 Acres
Price / SF$189.78
Days on Market1982
Property Features for 13180-13200 Watertown Plank Rd
General Information
Standard status
Active
Size
6,265 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Building Details
Construction
cut limestone, glazed brick and glass
Listing Agency:
Transwestern Commercial Services WI
(414) 313-9731
Listed By:
Daniel Walsh
(414) 313-9731
Source:
Moodyscre
Added: Mar 2, 2021
Changed: Jul 31
Last Checked: Aug 5 at 7:39AM
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 Transwestern Commercial Services WI
Investment Insights
Based on property information with market context.
This 6,265-square-foot storefront property in the Village of Elm Grove features clean modern lines with cut limestone, glazed brick, and glass. The property supports a range of commercial applications, including retail, office, service, and build-to-suit development. Its storefront-oriented design and existing material palette provide a distinct physical identity for an owner or occupant seeking a visible commercial presence.
The property is located at 13180-13200 Watertown Plank Rd in Elm Grove, Wisconsin. The address places the asset within the Village of Elm Grove and provides a defined setting for retail, office, service, or future build-to-suit use.
The property is located at 13180-13200 Watertown Plank Rd in Elm Grove, Wisconsin. The address places the asset within the Village of Elm Grove and provides a defined setting for retail, office, service, or future build-to-suit use.
Key Highlights
- 6,265‑square‑foot storefront property
- Clean modern lines with cut limestone, glazed brick, and glass
- Supports retail, office, service, or build‑to‑suit use
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 | $131.6k | $21.00 |
| − Vacancy | −$4.7k | −$0.76 |
| EGI | $126.8k | $20.24 |
| − OpEx | −$38.0k | −$6.07 |
| NOI | $88.8k | $14.17 |
6,265 SF · lease $21.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,780 @ 7.0% cap · market cap 7.47%
Second Best
Office B
$1.24M
$1.09M – $1.45M
NOI $86,977 @ 7.0% cap · market cap 7.32%
Theoretical Best
Flex RnD
$3.20M
$2.80M – $3.73M
NOI $223,823 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53122, WI
6,578
Population
2,335
Households
2.8
Avg Household Size
46
Median Age
67%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
1,993
Density / Sq Mi
$133,036
Median Household Income
$71,862
Median Earnings
$1,788
Median Rent
$470,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bird & Bumble — 14230 Watertown Plank Rd, Elm Grove, WI 53122
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property supporting retail, office, service, or build-to-suit use in Elm Grove.
Where is this storefront property located?
The property is located at 13180-13200 Watertown Plank Rd Elm Grove, WI.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: 6,265‑square‑foot storefront property; Clean modern lines with cut limestone, glazed brick, and glass; Supports retail, office, service, or build‑to‑suit use
