Standalone Retail-Office
For Sale
$1,200,000
4121 N Wilson Dr, Shorewood, WI 53211
Standalone building configured for retail and office use, with a newer ADA wheelchair lift and Oak Leaf Trail access.
Property Size4,404 SF
Price / SF$272.48
Days on Market52
Property Features for 4121 N Wilson Dr
General Information
Standard status
Active
Size
4,404 SF
Amenities
ADA wheelchair lift
Oak Leaf trail access
Building Details
Year Built
1940
Listing Agency:
Inland Real Estate Partners, LLC
Listed By:
Russell Sagmoen
(414) 276-9500
Source:
Jwregwi
Added: Jul 25
Changed: Sep 4
Last Checked: Sep 13 at 1:49PM
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 Inland Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This standalone retail/office building is positioned for an owner-user who wants a single property that can serve both storefront and workplace needs. The property includes a newer ADA wheelchair lift to support accessibility.
Convenient Oak Leaf Trail access is noted in the public remarks, adding practicality for visitors and daily use.
The offering is for sale.
Convenient Oak Leaf Trail access is noted in the public remarks, adding practicality for visitors and daily use.
The offering is for sale.
Key Highlights
- Standalone retail/office building configured for both retail and office use
- Newer ADA wheelchair lift in place
- Convenient Oak Leaf Trail access
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
$60,222
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
5.02%
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%
$1,204,440
$1.2M
Cap Rate 7%
$860,314
$860.3K
Cap Rate 9%
$669,133
$669.1K
Market Conditions
NOI Build-Up for 4,404 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
$109.4K $24.84/SF
− Vacancy
−$29.1K −$6.61/SF
EGI
$80.3K $18.23/SF
− OpEx
−$20.1K −$4.56/SF
NOI
$60.2K $13.67/SF
Area
Milwaukee County, WI
Vacancy
26.60%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
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%
$1,204,440
Cap Rate 7%
$860,314
Cap Rate 9%
$669,133
Alternative Uses
Best Use
Office B
$860.3K
$752.8K – $1.00M
NOI $60,222 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$636.8K
$557.2K – $743.0K
NOI $44,577 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.04M
$913.8K – $1.22M
NOI $73,104 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Standalone building configured for retail and office use, with a newer ADA wheelchair lift and Oak Leaf Trail access.
Where is this retail space located?
The property is located at 4121 N Wilson Dr Shorewood, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Standalone retail/office building configured for both retail and office use; Newer ADA wheelchair lift in place; Convenient Oak Leaf Trail access
