Brick Mixed-Use
For Sale
$325,000
5112 CENTER ST, Milwaukee, WI 53210
Mixed-use building with three residential units, a commercial space, and on-site parking.
Property Size2,352 SF
Price / SF$138.18
Days on Market9
Property Features for 5112 CENTER ST
General Information
Standard status
Active
Size
2,352 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,441
Amenities
3
Carpet
LB2
4 Parking Spaces.
0.0 to .499
Building Details
Year Built
1956
Listing Agency:
Modern MilwauKey Real Estate LLC
(414) 202-5715
Listed By:
Daniel Balderas
(414) 202-5715
Source:
Xome
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 4:39AM
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 Modern MilwauKey Real Estate LLC
Investment Insights
Based on property information with market context.
This brick mixed-use property contains three one-bedroom residential units alongside one commercial unit. One apartment has been remodeled, while the remaining two are positioned for additional finishing work. The building provides 2,352 square feet of property size and includes carpet among the interior features.
Built in 1956, the property also offers four parking spaces. Its combination of residential and commercial components creates a compact income-producing configuration within a single building.
Built in 1956, the property also offers four parking spaces. Its combination of residential and commercial components creates a compact income-producing configuration within a single building.
Key Highlights
- Three one‑bedroom residential units plus one commercial unit
- One residential unit is remodeled; two remain ready for finishing work
- 2,352 square feet of property size
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
$28,718
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
8.84%
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%
$574,360
$574.4K
Cap Rate 7%
$410,257
$410.3K
Cap Rate 9%
$319,089
$319.1K
Market Conditions
NOI Build-Up for 2,352 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
$52.2K $22.20/SF
− Vacancy
−$6.3K −$2.66/SF
EGI
$45.9K $19.54/SF
− OpEx
−$17.2K −$7.33/SF
NOI
$28.7K $12.21/SF
Area
Milwaukee, WI
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
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%
$574,360
Cap Rate 7%
$410,257
Cap Rate 9%
$319,089
Alternative Uses
Best Use
Mixed Use
$410.3K
$359.0K – $478.6K
NOI $28,718 @ 7.0% cap · market cap 8.84%
Second Best
Multifamily LT 5
$338.0K
$295.7K – $394.3K
NOI $23,659 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$565.2K
$494.6K – $659.4K
NOI $39,564 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with three residential units, a commercial space, and on-site parking.
Where is this mixed-use property located?
The property is located at 5112 CENTER ST Milwaukee, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three one‑bedroom residential units plus one commercial unit; One residential unit is remodeled; two remain ready for finishing work; 2,352 square feet of property size
