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    Prime Commercial Building on S 76th Title is generated by Realmo AI

    3171 S 76th St, Milwaukee, WI 53219

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    Claim this Listing
    For Sale
    $469,000

    Office(s),Professional Service,Recreation,Retail,Storage,Warehouse,Wholesale

    Property size:
    2,863 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 16, 2026
    Days on Market:
    68
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 3171 S 76th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NS1 Commercial
    Interior features
    Display Window, Handicap Access, Rest Rooms
    Exterior features
    Loading Dock, Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    5279992110
    Size
    2,863 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11987

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Yoon Soo Kim

    Listing agent Yoon Soo Kim License #52186-94

    Listing office RE/MAX Lakeside-South 5341 S. 27th Street, Greenfield, WI 53221, Milwaukee, WI

    Listing date Mar 16, 2026

    MLS# 1954009 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial corridor location on S 76th & Oklahoma with high traffic and visibility.
    • Priced significantly under assessed value (80k under).
    • Well‑maintained, free‑standing masonry building with ample parking.
    • Recent remodel/extension in 2019 and newer HVAC system.
    • Income potential from US Cellular lease for property tax offset.
    • Includes a large pylon sign on S 76th St.

    Overview

    This almost 3000 square foot free-standing building, situated in a prime commercial corridor near S 76th and Oklahoma, is available for sale. The property features a parking lot and is located near established national franchise restaurants and a strip mall anchored by Tricity Bank, Dollar Tree, PNC Bank, and a bowling alley. The location on S 76th Street offers high visibility due to heavy traffic and a large pylon sign. The masonry building is well-maintained and provides easy access from 76th Street. The building was extended and remodeled in 2019, and it features newer HVAC systems. The property is zoned NS1 Commercial, allowing for uses such as office, professional service, recreation, retail, storage, warehouse, and wholesale. The property currently generates extra income from US Cellular, covering a portion of the property tax, with $4543 allocated for 2025 and $7184 for 2026. Formerly a dry cleaner, the equipment is negotiable or can be removed.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $330.1K
    NOI $29,707 @ 9.00% cap · cautious / downside scenario
    Moderate
    $424.4K
    NOI $29,707 @ 7.00% cap · market / base-case scenario
    Aggressive
    $594.1K
    NOI $29,707 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $46.4k $16.20
    − Vacancy −$3.9k −$1.38
    EGI $42.4k $14.82
    − OpEx −$12.7k −$4.45
    NOI $29.7k $10.38
    2,863 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $424.4K
    $371.3K – $495.1K (±1% cap)
    NOI $29,707 @ 7.0% cap · market cap 6.33%
    Second Best
    Warehouse
    $180.7K
    $158.1K – $210.8K (±1% cap)
    NOI $12,646 @ 7.0% cap · market cap 2.70%
    Theoretical Best
    Office A
    $688.0K
    $602.0K – $802.7K (±1% cap)
    NOI $48,160 @ 7.0% cap · market cap 10.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sun's Family Dry ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.008192
    Latitude
    42.98661

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    FAQs

    What type of property is this?
    Storefront property - Free-standing building in a high-traffic commercial area.
    Where is this storefront property located?
    The property is located at 3171 S 76th St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: Prime commercial corridor location on S 76th & Oklahoma with high traffic and visibility.; Priced significantly under assessed value (80k under).; Well‑maintained, free‑standing masonry building with ample parking.
    (414) 617-6980
    We can help!
    Listing Contact
    Yoon Soo Kim
    Real Estate License ID: 52186-94
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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