Dry Cleaner
For Sale
$250,000
2177 Silvernail Rd, Pewaukee, WI 53072
COMMERCIAL - Pewaukee, WI
Property Size1,200 SF
Price / SF$208.33
Days on Market48
Property Features for 2177 Silvernail Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business
Standard status
Active
APN
0000000000000
Size
1,200 SF
Building Details
Architectural style
Other
Listing Agency:
Lannon Stone Realty LLC
(262) 333-4440
Listed By:
Marisa Baeurle · License #8048794
(262) 470-7107
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 12 at 3:06AM
MLS# 1969349
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established dry cleaner has been operating since 2012 and offers an owner-operated storefront setup. The operation includes updated presses, a brand new boiler, and newer software, supported by experienced employees who have been with the business for more than 20 years. The seller is also willing to provide training to help the right buyer with a smooth transition.
Located at 2177 Silvernail Rd in Pewaukee, the business benefits from easy parking and a high-traffic location less than a mile from I-94. The seller notes opportunities to expand the business with added laundry services, pickup and delivery, or expanded hours.
The property is presented for sale as a commercial business storefront at 1,200 square feet.
Located at 2177 Silvernail Rd in Pewaukee, the business benefits from easy parking and a high-traffic location less than a mile from I-94. The seller notes opportunities to expand the business with added laundry services, pickup and delivery, or expanded hours.
The property is presented for sale as a commercial business storefront at 1,200 square feet.
Key Highlights
- Established Pewaukee dry cleaner operating since 2012
- Business positioned less than 1 mile from I‑94 with storefront visibility
- Updated presses and newer business software included
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
$17,005
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
6.80%
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%
$340,100
$340.1K
Cap Rate 7%
$242,929
$242.9K
Cap Rate 9%
$188,944
$188.9K
Market Conditions
NOI Build-Up for 1,200 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
$25.2K $21.00/SF
− Vacancy
−$907 −$0.76/SF
EGI
$24.3K $20.24/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$17.0K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /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%
$340,100
Cap Rate 7%
$242,929
Cap Rate 9%
$188,944
Alternative Uses
Best Use
Retail
$242.9K
$212.6K – $283.4K
NOI $17,005 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$612.4K
$535.9K – $714.5K
NOI $42,871 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
202k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 33%
Groceries 16%
Apparel 5%
Kwik Trip
Shops & Services
43,282 visits/mo
0.5 miles
Metro Market
Groceries
32,738 visits/mo
0.2 miles
McDonald's
Dining
16,292 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,592 visits/mo
0.2 miles
Denny's
Dining
11,922 visits/mo
0.4 miles
Demographics for 53072, WI
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
896
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established dry cleaner open since 2012 with updated presses, a new boiler, newer software, and easy parking.
Where is this storefront property located?
The property is located at 2177 Silvernail Rd Pewaukee, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established Pewaukee dry cleaner operating since 2012; Business positioned less than 1 mile from I‑94 with storefront visibility; Updated presses and newer business software included
