Retail Storefront
For Sale
Contact for pricing
3101 S 13th St, Milwaukee, WI 53215
For-sale retail storefront offered as part of a multi-property portfolio package.
Property Size11,690 SF
Price / SF$115
Days on Market242
Property Features for 3101 S 13th St
General Information
Standard status
Active
Size
11,690 SF
Property subtype
RETAIL
Listing Agency:
Founders 3 Real Estate Services-Retail
Listed By:
Jon Thoresen
(414) 271-1111
Source:
Moodyscre
Added: Jan 15
Changed: Aug 15
Last Checked: Sep 13 at 10:39AM
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
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered as part of a portfolio package and contains approximately 11,690 square feet.
The portfolio package includes 3101 S 13th St, Milwaukee, and 1327–1337 W Oklahoma Ave.
Interested parties should review the full portfolio offering materials for details on the complete package.
The portfolio package includes 3101 S 13th St, Milwaukee, and 1327–1337 W Oklahoma Ave.
Interested parties should review the full portfolio offering materials for details on the complete package.
Key Highlights
- For‑sale retail storefront offered as part of a multi‑property portfolio package.
- Portfolio package also includes 3101 S 13th St, Milwaukee and 1327‑1337 W Oklahoma Ave.
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
$121,297
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
8.95%
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%
$2,425,940
$2.4M
Cap Rate 7%
$1,732,814
$1.7M
Cap Rate 9%
$1,347,744
$1.3M
Market Conditions
NOI Build-Up for 11,690 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
$189.4K $16.20/SF
− Vacancy
−$16.1K −$1.38/SF
EGI
$173.3K $14.82/SF
− OpEx
−$52.0K −$4.45/SF
NOI
$121.3K $10.38/SF
Area
ZIP 53215
Vacancy
8.50%
Lease Rate
$16.20 /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%
$2,425,940
Cap Rate 7%
$1,732,814
Cap Rate 9%
$1,347,744
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,297 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.86M
$7.75M – $10.34M
NOI $620,272 @ 7.0% cap · market cap 45.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53215, WI
59,359
Population
21,307
Households
2.8
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
5.5 sq mi
ZIP Area
10,793
Density / Sq Mi
$49,207
Median Household Income
$32,261
Median Earnings
$933
Median Rent
$148,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront offered as part of a multi-property portfolio package.
Where is this storefront property located?
The property is located at 3101 S 13th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,356,000.
What are key features of this property?
This property features: For‑sale retail storefront offered as part of a multi‑property portfolio package.; Portfolio package also includes 3101 S 13th St, Milwaukee and 1327‑1337 W Oklahoma Ave.
