Mixed-Use Property with Retail
New
For Sale
$675,000
5419-5419- S 108th St, Hales Corners, WI 53130
Combination of residential and commercial areas includes on-site parking, storage basements, and updated building systems.
Property Size4,700 SF
Price / SF$143.62
Days on Market2
Property Features for 5419-5419- S 108th St
General Information
Standard status
Active
Size
4,700 SF
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
Homeowners Concept
Listed By:
Jacqueline Salemme · License #5021194
(414) 258-7778
Source:
Nikolicgroup
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:20AM
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 Homeowners Concept
Investment Insights
Based on property information with market context.
This 4,700-square-foot mixed-use property combines a residential component with multiple commercial spaces. The house portion includes approximately 1,300 square feet on the main level, a kitchenette, a private basement for storage, and a 2-car garage. The upper level can serve as an apartment or owner-occupied space. A separate retail area contains approximately 1,200 square feet on the main level, along with its own private basement. The property also includes a hair salon unit and has two existing long-term tenants.
Located at 5419-5419 S 108th St in Hales Corners, the property offers 8 plus parking spaces. The roofs, heating systems, and electrical sources have been replaced, providing updated major building components within a 1929-built property.
Located at 5419-5419 S 108th St in Hales Corners, the property offers 8 plus parking spaces. The roofs, heating systems, and electrical sources have been replaced, providing updated major building components within a 1929-built property.
Key Highlights
- 4,700‑square‑foot mixed‑use property with residential and commercial components
- Approximately 1,300 square feet on the house portion’s main level with kitchenette
- Approximately 1,200‑square‑foot retail area with a private basement
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
$57,810
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
8.56%
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%
$1,156,200
$1.2M
Cap Rate 7%
$825,857
$825.9K
Cap Rate 9%
$642,333
$642.3K
Market Conditions
NOI Build-Up for 4,700 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
$112.8K $24.00/SF
− Vacancy
−$20.3K −$4.32/SF
EGI
$92.5K $19.68/SF
− OpEx
−$34.7K −$7.38/SF
NOI
$57.8K $12.30/SF
Area
Milwaukee County, WI
Vacancy
18.00%
Lease Rate
$24.00 /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%
$1,156,200
Cap Rate 7%
$825,857
Cap Rate 9%
$642,333
Alternative Uses
Best Use
Mixed Use
$825.9K
$722.6K – $963.5K
NOI $57,810 @ 7.0% cap · market cap 8.56%
Second Best
Retail
$679.6K
$594.7K – $792.9K
NOI $47,573 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.11M
$975.2K – $1.30M
NOI $78,018 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 53130, WI
7,743
Population
3,279
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
2,420
Density / Sq Mi
$86,806
Median Household Income
$53,544
Median Earnings
$1,274
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combination of residential and commercial areas includes on-site parking, storage basements, and updated building systems.
Where is this mixed-use property located?
The property is located at 5419-5419- S 108th St Hales Corners, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,700‑square‑foot mixed‑use property with residential and commercial components; Approximately 1,300 square feet on the house portion’s main level with kitchenette; Approximately 1,200‑square‑foot retail area with a private basement
