Ace Hardware Retail
For Sale
$1,500,000
5020 W Fond Du Lac Ave, Milwaukee, WI 53216
Established retail operation with an included business, inventory, second-floor support areas, and dedicated parking.
Property Size11,584 SF
Days on Market28
Property Features for 5020 W Fond Du Lac Ave
General Information
Standard status
Active
Size
11,584 SF
Total Parking Spaces
25
Property subtype
Commercial
Zoning
Mercantile
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Amenities
office space
living quarters
warehouse space
on-site billboard
Building Details
Building Size
11,584 SF
Year Built
1922
Listing Agency:
Epique Realty Germantown
(262) 483-0888
Listed By:
Daniel Burgeson
(262) 483-0888
Source:
Therealtycompanyllc
Added: Jul 29
Changed: Aug 25
Last Checked: Aug 25 at 8:30AM
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 Epique Realty Germantown
Investment Insights
Based on property information with market context.
This 11,584-square-foot retail property includes the building, an operating Ace Hardware business, and all inventory. The two-level configuration provides retail space on the main floor, while the second floor contains offices, living quarters, and additional warehouse area for inventory. Central air is also included in the building’s interior features.
The property provides 25 dedicated parking spaces, with additional street parking available. An on-site billboard is also present, offering a separate advertising component. Built in 1922, the property combines an established retail operation with dedicated customer parking and upper-level support space.
The property provides 25 dedicated parking spaces, with additional street parking available. An on-site billboard is also present, offering a separate advertising component. Built in 1922, the property combines an established retail operation with dedicated customer parking and upper-level support space.
Key Highlights
- 11,584‑square‑foot retail property with operating Ace Hardware business and inventory included
- Second floor includes offices, living quarters, and additional warehouse space
- 25 dedicated parking spaces plus ample street parking
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
$121,510
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
8.10%
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%
$2,430,200
$2.4M
Cap Rate 7%
$1,735,857
$1.7M
Cap Rate 9%
$1,350,111
$1.4M
Market Conditions
NOI Build-Up for 11,584 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
$187.7K $16.20/SF
− Vacancy
−$14.1K −$1.22/SF
EGI
$173.6K $14.99/SF
− OpEx
−$52.1K −$4.50/SF
NOI
$121.5K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
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%
$2,430,200
Cap Rate 7%
$1,735,857
Cap Rate 9%
$1,350,111
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,510 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,861 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail operation with an included business, inventory, second-floor support areas, and dedicated parking.
Where is this retail space located?
The property is located at 5020 W Fond Du Lac Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,584‑square‑foot retail property with operating Ace Hardware business and inventory included; Second floor includes offices, living quarters, and additional warehouse space; 25 dedicated parking spaces plus ample street parking
