Mixed-Use Property with
For Sale
$225,000
1759 S 83rd St, West Allis, WI 53214
Office space, an attached one-bedroom apartment, and a yard are part of the property.
Property Size4,979 SF
Price / SF$45.19
Days on Market17
Property Features for 1759 S 83rd St
General Information
Standard status
Active
Size
4,979 SF
Property subtype
Commercial
Building Details
Year Built
1918
Listing Agency:
Birchwood Realty Plus
Listed By:
Christopher Conigliaro
(262) 470-6892
Source:
Viewhomesinwisconsin
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 8:59AM
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 Birchwood Realty Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1759 S 83rd St in West Allis, this mixed-use property includes dedicated office space and an attached one-bedroom apartment. The building has a new flat roof and dates to 1918; a yard is also part of the property. The property was previously used for a towing business and is being sold as-is.
Key Highlights
- Attached one‑bedroom apartment
- Dedicated office space
- New flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,130
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,600
$362.6K
Cap Rate 7%
$259,000
$259.0K
Cap Rate 9%
$201,444
$201.4K
Market Conditions
NOI Build-Up for 4,979 SF
Gross rent
$27.2K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$25.9K $5.20/SF
− OpEx
−$7.8K −$1.56/SF
NOI
$18.1K $3.64/SF
Area
Milwaukee County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,600
Cap Rate 7%
$259,000
Cap Rate 9%
$201,444
Alternative Uses
Best Use
Mixed Use
$874.9K
$765.5K – $1.02M
NOI $61,242 @ 7.0% cap · market cap 27.22%
Second Best
Retail
$720.0K
$630.0K – $840.0K
NOI $50,397 @ 7.0% cap · market cap 22.40%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,649 @ 7.0% cap · market cap 36.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space, an attached one-bedroom apartment, and a yard are part of the property.
Where is this mixed-use property located?
The property is located at 1759 S 83rd St West Allis, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Attached one‑bedroom apartment; Dedicated office space; New flat roof
