Established Dry Cleaner
For Sale
$250,000
2177 Silvernail Rd, Waukesha, WI 53072
Operating dry-cleaning business with updated equipment, on-site parking, and access less than a mile from I-94.
Property Size1,200 SF
Price / SF$208.33
Days on Market25
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) 333-4440
Listed By:
Marisa Baeurle · License #8048794
Source:
Levelupwi
Added: Aug 7
Changed: Aug 30
Last Checked: Aug 30 at 3:10PM
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 1,200 SF storefront is offered with an operating dry-cleaning business established in 2012. The operation includes updated presses, a new boiler, newer software, and employees with more than 20 years of experience. The seller will provide training to support the ownership transition.
The property provides convenient parking and sits less than a mile from I-94. The surrounding business environment includes established neighboring businesses. The operation also has room for additional laundry services, pickup and delivery, or expanded operating hours, as identified in the current business plan.
The property provides convenient parking and sits less than a mile from I-94. The surrounding business environment includes established neighboring businesses. The operation also has room for additional laundry services, pickup and delivery, or expanded operating hours, as identified in the current business plan.
Key Highlights
- 1,200 SF storefront with an established dry‑cleaning business
- Operating since 2012
- Updated presses, new boiler, and newer software
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
336
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
3,147 visits/mo
0.3 miles
North Shore Bank
Shops & Services
1,414 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Operating dry-cleaning business with updated equipment, on-site parking, and access less than a mile from I-94.
Where is this storefront property located?
The property is located at 2177 Silvernail Rd Waukesha, 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: 1,200 SF storefront with an established dry‑cleaning business; Operating since 2012; Updated presses, new boiler, and newer software
