Duplex with Updated
New
For Sale
$475,000
S69w14964 Cornell Cir, Muskego, WI 53150
One unit is vacant, with shopping, restaurants, parks, and everyday conveniences nearby.
Property Size2,550 SF
Price / SF$186.27
Days on Market2
Property Features for S69w14964 Cornell Cir
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Buildings
1
Listing Agency:
First Weber Inc - Brookfield
Listed By:
Lien Team Real Estate Group* · License #4739490
(414) 807-4800
Source:
Nikolicgroup
Added: Sep 13
Last Checked: Sep 13 at 2:55PM
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 First Weber Inc - Brookfield
Investment Insights
Based on property information with market context.
Built in 1973, this duplex contains 2,550 square feet and offers spacious two-unit living arrangements. One side is currently vacant, while one unit includes updated flooring. The property is located at S69w14964 Cornell Cir in Muskego, Wisconsin, with shopping, restaurants, parks, and daily conveniences nearby. Its two-unit configuration supports both owner-occupancy and rental use, subject to applicable requirements.
Key Highlights
- 2,550‑square‑foot duplex
- One unit is currently vacant
- Updated flooring in one unit
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
$29,252
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
6.16%
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%
$585,040
$585.0K
Cap Rate 7%
$417,886
$417.9K
Cap Rate 9%
$325,022
$325.0K
Market Conditions
NOI Build-Up for 2,550 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
$43.8K $17.16/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$41.8K $16.39/SF
− OpEx
−$12.5K −$4.92/SF
NOI
$29.3K $11.47/SF
Area
Waukesha County, WI
Vacancy
4.50%
Lease Rate
$17.16 /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%
$585,040
Cap Rate 7%
$417,886
Cap Rate 9%
$325,022
Alternative Uses
Best Use
Multifamily LT 5
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$387.0K
$338.6K – $451.5K
NOI $27,087 @ 7.0% cap · market cap 5.70%
Theoretical Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,101 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 53150, WI
25,804
Population
10,546
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
755
Density / Sq Mi
$113,125
Median Household Income
$55,085
Median Earnings
$1,230
Median Rent
$390,500
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 - One unit is vacant, with shopping, restaurants, parks, and everyday conveniences nearby.
Where is this duplex located?
The property is located at S69w14964 Cornell Cir Muskego, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,550‑square‑foot duplex; One unit is currently vacant; Updated flooring in one unit
