Retail Storefront in Shopping
For Sale
Contact for pricing
Pending
5306 S 27th St, Milwaukee, WI 53221
Retail storefront available within a high-traffic shopping center on S 27th St in Milwaukee.
Property Size1,580 SF
Days on Market828
Property Features for 5306 S 27th St
General Information
Standard status
Pending
Size
1,580 SF
Taxes and HOA fees
Annual Taxes
$50,045
Listing Agency:
EXP Realty, LLC MKE
Listed By:
Mohammad Assad
(866) 848-6990
Source:
Exprealty
Added: Jul 15, 2024
Changed: Oct 10
Last Checked: Oct 19 at 8:10AM
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 EXP Realty, LLC MKE
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Investment Insights
Based on property information with market context.
Available for sale is a retail storefront space located within a high-traffic shopping center along S 27th St in Milwaukee, WI. The space is approximately 1,580 square feet.
The offering is priced at $19 per square foot plus NNN. This configuration can be suited for an existing business or a new concept looking to operate from an established retail center setting.
For additional details and to schedule a showing, contact the listing team.
The offering is priced at $19 per square foot plus NNN. This configuration can be suited for an existing business or a new concept looking to operate from an established retail center setting.
For additional details and to schedule a showing, contact the listing team.
Key Highlights
- Retail storefront available in a high‑traffic shopping center on S 27th St in Milwaukee
- Space size is 1,580 SF
- Asking price is $19 per SF plus NNN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,609
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,180
$352.2K
Cap Rate 7%
$251,557
$251.6K
Cap Rate 9%
$195,656
$195.7K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$27.5K $17.40/SF
− Vacancy
−$2.3K −$1.48/SF
EGI
$25.2K $15.92/SF
− OpEx
−$7.5K −$4.78/SF
NOI
$17.6K $11.14/SF
Area
ZIP 53221
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,180
Cap Rate 7%
$251,557
Cap Rate 9%
$195,656
Alternative Uses
Best Use
Retail
$251.6K
$220.1K – $293.5K
NOI $17,609 @ 7.0% cap · market cap 117,393.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,835 @ 7.0% cap · market cap 558,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Milwaukee, WI
Similar Off Market Nearby
- Rummage — 3327 w iona terrace, milwaukee, wi 53221
Frequently Asked Questions
What type of property is this?
Shopping center - Retail storefront available within a high-traffic shopping center on S 27th St in Milwaukee.
Where is this shopping center located?
The property is located at 5306 S 27th St Milwaukee, WI.
What are key features of this property?
This property features: Retail storefront available in a high‑traffic shopping center on S 27th St in Milwaukee; Space size is 1,580 SF; Asking price is $19 per SF plus NNN
