Renovated Medical Office
For Sale
Contact for pricing
14700-14702 W National Ave, New Berlin, WI 53151
First-floor medical space includes an available salon suite within a renovated commercial setting.
Property Size5,220 SF
Price / SF$153.26
Days on Market50
Property Features for 14700-14702 W National Ave
General Information
Standard status
Active
Size
5,220 SF
Property subtype
RETAIL
Additional Details
Floor
First Floor
Highway Access
Yes
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Jesse Goodden · License #WI113530-94
(414) 858-5210
Source:
Moodyscre
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 28 at 11:07AM
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 Anderson Commercial Group, LLC
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Investment Insights
Based on property information with market context.
Located at 14700-14702 W National Ave in New Berlin, Wisconsin, this 5,220-square-foot medical office property occupies the first floor and has been fully renovated. An available salon suite adds flexibility to the existing commercial configuration.
The property sits between I-43, I-41, and I-94, with approximately 18,900 daily traffic counts reported by the Wisconsin Department of Transportation. Its address provides a defined New Berlin location for medical office and related professional uses.
The property sits between I-43, I-41, and I-94, with approximately 18,900 daily traffic counts reported by the Wisconsin Department of Transportation. Its address provides a defined New Berlin location for medical office and related professional uses.
Key Highlights
- 5,220‑square‑foot medical office property
- Fully renovated first‑floor space
- Available salon suite included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,470
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,400
$1.4M
Cap Rate 7%
$1,035,286
$1.0M
Cap Rate 9%
$805,222
$805.2K
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$129.7K $24.84/SF
− Vacancy
−$33.0K −$6.33/SF
EGI
$96.6K $18.51/SF
− OpEx
−$24.2K −$4.63/SF
NOI
$72.5K $13.88/SF
Area
Waukesha County, WI
Vacancy
25.48%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,400
Cap Rate 7%
$1,035,286
Cap Rate 9%
$805,222
Alternative Uses
Best Use
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $172,144 @ 7.0% cap · market cap 21.52%
Second Best
Office B
$1.04M
$905.9K – $1.21M
NOI $72,470 @ 7.0% cap · market cap 9.06%
Theoretical Best
Flex RnD
$2.66M
$2.33M – $3.11M
NOI $186,489 @ 7.0% cap · market cap 23.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- New Berlin Animal Hospital — 3840 S Moorland Rd, New Berlin, WI 53151
- New Berlin Animal Hospital: Sobon Andrea DVM — 3840 S Moorland Rd, New Berlin, WI 53151
- New Berlin Animal Hospital: Shearburn Lorin DVM — 3840 S Moorland Rd, New Berlin, WI 53151
- New Berlin Animal Hospital: Sobon Matthew DVM — 3840 S Moorland Rd, New Berlin, WI 53151
- New Berlin Animal Hospital: Ibsen Allen G DVM — 3840 S Moorland Rd, New Berlin, WI 53151
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor medical space includes an available salon suite within a renovated commercial setting.
Where is this medical office space located?
The property is located at 14700-14702 W National Ave New Berlin, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,220‑square‑foot medical office property; Fully renovated first‑floor space; Available salon suite included
