Mixed-Use Building with
4701 W National Ave, West Milwaukee, WI 53214
For Sale
Contact for pricing
A fully occupied property combines commercial space with studio and one-bedroom apartments.
Property Size8,372 SF
Price / SF$166.63
Days on Market9
Property Features for 4701 W National Ave
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Office Units
Additional Details
Cap Rate
Tenant in Place
Property Use
Medical Specialty
Building Details
Tenancy
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Mitch Anderson · License #11293094
(414) 858-5209
Source:
Moodyscre
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 4:04PM
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 Anderson Commercial Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,372-square-foot mixed-use property contains one commercial unit used as a dentist office, three studio apartments, and six one-bedroom apartments. The building is 100% occupied, and the reported cap rate is 7%.
The property is at 4701 W National Ave in West Milwaukee, near the intersection of National Ave and Miller Park Way. Additional parking spaces next door are rented.
The property is at 4701 W National Ave in West Milwaukee, near the intersection of National Ave and Miller Park Way. Additional parking spaces next door are rented.
Key Highlights
- 8,372 square feet with one commercial unit and nine apartments
- Commercial unit is occupied by a dentist office
- Apartment mix includes 3 studios and 6 one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,508
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,160
$2.3M
Cap Rate 7%
$1,650,114
$1.7M
Cap Rate 9%
$1,283,422
$1.3M
Market Conditions
NOI Build-Up for 8,372 SF
Gross rent
$220.0K $26.28/SF
− Vacancy
−$27.5K −$3.29/SF
EGI
$192.5K $23.00/SF
− OpEx
−$77.0K −$9.20/SF
NOI
$115.5K $13.80/SF
Area
Milwaukee County, WI
Vacancy
12.50%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,160
Cap Rate 7%
$1,650,114
Cap Rate 9%
$1,283,422
Alternative Uses
Best Use
Healthcare Medical
$1.65M
$1.44M – $1.93M
NOI $115,508 @ 7.0% cap · market cap 8.28%
Second Best
Office B
$1.64M
$1.43M – $1.91M
NOI $114,482 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $138,971 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee County, WI
Properties on Market for Mixed-use properties in Milwaukee County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A fully occupied property combines commercial space with studio and one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 4701 W National Ave West Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 8,372 square feet with one commercial unit and nine apartments; Commercial unit is occupied by a dentist office; Apartment mix includes 3 studios and 6 one‑bedroom units
