Storefront Dry
For Sale
$250,000
2177 Silvernail Rd, Pewaukee, WI 53072
Operating since 2012, the business includes updated equipment, newer software, and an experienced employee base.
Property Size1,200 SF
Price / SF$208.33
Days on Market57
Property Features for 2177 Silvernail Rd
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Business Included
Yes
Listing Agency:
Lannon Stone Realty LLC
(262) 470-7107
Listed By:
Marisa Baeurle · License #8048794
(262) 470-7107
Source:
Exprealty
Added: Jun 26
Changed: Aug 21
Last Checked: Aug 21 at 3:51AM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This storefront dry-cleaning business has operated since 2012 and includes updated presses, a new boiler, and newer software. The sale includes an established operation with employees who have more than 20 years of experience with the business. Seller training is available to support the transition to new ownership.
The property is located at 2177 Silvernail Rd in Pewaukee, Wisconsin, less than one mile from I-94. The site offers convenient parking and sits among neighboring businesses, supporting access for local customers. The offering combines an operating dry-cleaning business with a visible storefront location and established equipment and systems.
The property is located at 2177 Silvernail Rd in Pewaukee, Wisconsin, less than one mile from I-94. The site offers convenient parking and sits among neighboring businesses, supporting access for local customers. The offering combines an operating dry-cleaning business with a visible storefront location and established equipment and systems.
Key Highlights
- Operating dry‑cleaning business open since 2012
- Updated presses, new boiler, and newer software included
- Employees with more than 20 years of experience
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
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 - Operating since 2012, the business includes updated equipment, newer software, and an experienced employee base.
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: Operating dry‑cleaning business open since 2012; Updated presses, new boiler, and newer software included; Employees with more than 20 years of experience
