Retail Space For
2222 W Capitol Dr, Milwaukee, WI 53209
For Sale
Contact for pricing
Retail space available for purchase.
Property Size14,171 SF
Price / SF$197.59
Days on Market264
Property Features for 2222 W Capitol Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Founders 3 Real Estate Services Retail Brokerage Division
Listed By:
Ross Koepsel CCIM · License WI 94-55326
Source:
Crexi
Added: Feb 20
Changed: Oct 26
Last Checked: Nov 8 at 6:16AM
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 Founders 3 Real Estate Services Retail Brokerage Division
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a retail space available for sale. The property encompasses a total area of 14,171 square feet.
Key Highlights
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,069
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,141,380
$3.1M
Cap Rate 7%
$2,243,843
$2.2M
Cap Rate 9%
$1,745,211
$1.7M
Market Conditions
NOI Build-Up for 14,171 SF
Gross rent
$246.6K $17.40/SF
− Vacancy
−$22.2K −$1.57/SF
EGI
$224.4K $15.83/SF
− OpEx
−$67.3K −$4.75/SF
NOI
$157.1K $11.08/SF
Area
ZIP 53209
Vacancy
9.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,141,380
Cap Rate 7%
$2,243,843
Cap Rate 9%
$1,745,211
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.62M
NOI $157,069 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,379 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
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Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Milwaukee, WI
Properties on Market for Retail space in Milwaukee
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 2222 W Capitol Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Built in 1998
