Corner Medical Office
New
For Sale
$800,000
14700 W National Ave, New Berlin, WI 53151
Medical office space positioned at the intersection of W National Ave and S 147th St.
Property Size5,220 SF
Days on Market2
Property Features for 14700 W National Ave
General Information
Standard status
Active
Size
5,220 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
5,220 SF
Year Built
1961
Listing Agency:
Anderson Commercial Group
Listed By:
Mackenzie Wamser · License #WI45690
(414) 425-2700
Source:
Commercialcafe
Added: Sep 7
Last Checked: Sep 7 at 2:45PM
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
Investment Insights
Based on property information with market context.
This medical office property occupies the corner of W National Ave and S 147th St in New Berlin. Built in 1961, the property is being offered for sale or lease, providing flexibility for an owner-user or occupancy arrangement.
Key Highlights
- Medical office space at 14700 W National Ave, New Berlin, WI 53151
- Corner location at W National Ave and S 147th St
- Built in 1961
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
$72,020
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
9.00%
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%
$1,440,400
$1.4M
Cap Rate 7%
$1,028,857
$1.0M
Cap Rate 9%
$800,222
$800.2K
Market Conditions
NOI Build-Up for 5,220 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
$137.2K $26.28/SF
− Vacancy
−$17.1K −$3.29/SF
EGI
$120.0K $23.00/SF
− OpEx
−$48.0K −$9.20/SF
NOI
$72.0K $13.80/SF
Area
Milwaukee County, WI
Vacancy
12.50%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
40.00%
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%
$1,440,400
Cap Rate 7%
$1,028,857
Cap Rate 9%
$800,222
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$900.3K – $1.20M
NOI $72,020 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$1.02M
$892.3K – $1.19M
NOI $71,380 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,650 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Medical office space positioned at the intersection of W National Ave and S 147th St.
Where is this medical office space located?
The property is located at 14700 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: Medical office space at 14700 W National Ave, New Berlin, WI 53151; Corner location at W National Ave and S 147th St; Built in 1961
