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2275 N MAYFAIR RD, Wauwatosa, WI 53226
Signalized corner placement connects the property with two primary commercial corridors and established medical and retail activity.
Property Size34,999 SF
Lot Size2.69 Acres
Price / SF$191.43
Days on Market57
Property Features for 2275 N MAYFAIR RD
General Information
Standard status
Active
Size
34,999 SF
Lot size
2.69 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$485,145
Site & Location
Corner Location
Yes
Traffic Count
65,500 vehicles/day
Building Details
Year Built
2000
Units
2
Tenancy
Multi
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 12 at 7:02PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The Shops at Mayfair Corner is a 34,999-square-foot shopping center with multiple tenants, completed in 2000. The property occupies 2.69 acres at the signalized intersection of N Mayfair Road and W North Avenue in Wauwatosa, Wisconsin. Its retail-oriented configuration supports a range of medical, service, convenience, and other commercial uses identified for the site.
The intersection accommodates more than 65,500 combined vehicles per day, with access from both commercial corridors. Froedtert Hospital and the Milwaukee Regional Medical Center are immediately adjacent, while Mayfair Mall and a substantial concentration of national retailers, restaurants, medical users, and regional employers are nearby. The surrounding three-mile trade area includes more than 95,000 residents and has an average household income of $125,165, projected to exceed $141,000 by 2030.
The intersection accommodates more than 65,500 combined vehicles per day, with access from both commercial corridors. Froedtert Hospital and the Milwaukee Regional Medical Center are immediately adjacent, while Mayfair Mall and a substantial concentration of national retailers, restaurants, medical users, and regional employers are nearby. The surrounding three-mile trade area includes more than 95,000 residents and has an average household income of $125,165, projected to exceed $141,000 by 2030.
Key Highlights
- 34,999‑square‑foot multi‑tenant shopping center completed in 2000
- 2.69‑acre property at 2275 N Mayfair Road in Wauwatosa, Wisconsin
- Signalized intersection of N Mayfair Road and W North Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$354,260
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,085,200
$7.1M
Cap Rate 7%
$5,060,857
$5.1M
Cap Rate 9%
$3,936,222
$3.9M
Market Conditions
NOI Build-Up for 34,999 SF
Gross rent
$525.0K $15.00/SF
− Vacancy
−$18.9K −$0.54/SF
EGI
$506.1K $14.46/SF
− OpEx
−$151.8K −$4.34/SF
NOI
$354.3K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,085,200
Cap Rate 7%
$5,060,857
Cap Rate 9%
$3,936,222
Alternative Uses
Best Use
Retail
$5.06M
$4.43M – $5.90M
NOI $354,260 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.30M
$7.26M – $9.68M
NOI $580,968 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
65,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53226, WI
19,921
Population
8,912
Households
2.2
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,930
Density / Sq Mi
$86,361
Median Household Income
$57,753
Median Earnings
$1,348
Median Rent
$301,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Coinstar — 1717 N Mayfair Rd, Milwaukee, WI 53226
- India spice Milwaukee — 10701 W North Ave, Wauwatosa, WI 53226
- La Mesa Mexican Grill Mayfair Mall — 2500 N Mayfair Rd, Wauwatosa, WI 53226
- Mayfair — 2500 N Mayfair Rd, Wauwatosa, WI 53226
- Sunglass Hut — 2500 N Mayfair Rd #402, Wauwatosa, WI 53226
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized corner placement connects the property with two primary commercial corridors and established medical and retail activity.
Where is this shopping center located?
The property is located at 2275 N MAYFAIR RD Wauwatosa, WI.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 34,999‑square‑foot multi‑tenant shopping center completed in 2000; 2.69‑acre property at 2275 N Mayfair Road in Wauwatosa, Wisconsin; Signalized intersection of N Mayfair Road and W North Avenue
