Building Details

Construction cut limestone, glazed brick and glass

Listing Agency: Transwestern Commercial Services WI Show Phone

Listed By: Daniel Walsh Show Phone

Source: Moodyscre

Added: Mar 2, 2021 Changed: Nov 2 Last Checked: Nov 3 at 8:28AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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

Estimated NOI and Cap Rate

NOI / Yr

$88,780

Cap Rate

7.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,775,600 $1.8M

Cap Rate 7%

$1,268,286 $1.3M

Cap Rate 9%

$986,444 $986.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,265 SF

Gross rent

$131.6K $21.00/SF

− Vacancy

−$4.7K −$0.76/SF

EGI

$126.8K $20.24/SF

− OpEx

−$38.0K −$6.07/SF

NOI

$88.8K $14.17/SF

Area

Waukesha County, WI

Vacancy

3.60%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,775,600

Cap Rate 7%

$1,268,286

Cap Rate 9%

$986,444

Alternative Uses

Best Use

Retail

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,780 @ 7.0% cap · market cap 7.47%

Second Best

—

—

no second resolved use

Theoretical Best

Flex RnD

$3.20M

$2.80M – $3.73M (±1% cap)

NOI $223,823 @ 7.0% cap · market cap 18.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Auto Parts Store Parking Lot & Garage Dental Office Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

564

Businesses Nearby

29k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 66% Shops & Services 34%

Sendik's Food Market Groceries

18,900 visits/mo 0.2 miles

BP Shops & Services

4,149 visits/mo 0.1 miles

BMO Harris Bank Shops & Services

3,622 visits/mo 0.3 miles

U.S. Bank Shops & Services

2,053 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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