New Construction Townhouse-Style
For Sale
$1,499,999
N52w6300 Mill St, Cedarburg, WI 53012
Two distinct residences include four-bedroom and three-bedroom layouts with varied full- and half-bath configurations.
Property Size6,000 SF
Price / SF$249
Days on Market32
Property Features for N52w6300 Mill St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listing Agency:
Powers Realty Group
(414) 963-0000
Listed By:
Suzanne Powers Realty Group* · License #5538090
Source:
Nikolicgroup
Added: Jul 30
Changed: Aug 30
Last Checked: Aug 30 at 7:52AM
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 Powers Realty Group
Investment Insights
Based on property information with market context.
Completed in 2022, this duplex contains two townhouse-style residences within a 6,000-square-foot property. The larger unit offers four bedrooms, two full bathrooms, and two half bathrooms. The second residence provides three bedrooms, three full bathrooms, and one half bathroom. Architectural details include a cupola and shiplap accents.
One residence is occupied by a tenant, while the other may suit an owner-occupant. The property is located in Cedarburg near shops, restaurants, schools, and parks, with those destinations accessible on foot.
One residence is occupied by a tenant, while the other may suit an owner-occupant. The property is located in Cedarburg near shops, restaurants, schools, and parks, with those destinations accessible on foot.
Key Highlights
- Two townhouse‑style units in a duplex configuration
- Built in 2022 with 6,000 square feet of property size
- Unit mix includes four bedrooms and three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,340
$1.3M
Cap Rate 7%
$925,243
$925.2K
Cap Rate 9%
$719,633
$719.6K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$97.9K $16.32/SF
− Vacancy
−$5.4K −$0.90/SF
EGI
$92.5K $15.42/SF
− OpEx
−$27.8K −$4.63/SF
NOI
$64.8K $10.79/SF
Area
Ozaukee County, WI
Vacancy
5.51%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,340
Cap Rate 7%
$925,243
Cap Rate 9%
$719,633
Alternative Uses
Best Use
Multifamily LT 5
$925.2K
$809.6K – $1.08M
NOI $64,767 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,957 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences include four-bedroom and three-bedroom layouts with varied full- and half-bath configurations.
Where is this duplex located?
The property is located at N52w6300 Mill St Cedarburg, WI.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Two townhouse‑style units in a duplex configuration; Built in 2022 with 6,000 square feet of property size; Unit mix includes four bedrooms and three bedrooms
