Building Details

Year Built 1929

Tenancy Multi

Listing Agency: Homeowners Concept

Listed By: Jacqueline Salemme · License #5021194 Show Phone

Source: Nikolicgroup

Added: Sep 2 Changed: Oct 14 Last Checked: Oct 7 at 1:58PM

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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

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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.

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 / Yr

$57,810

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,156,200 $1.2M

Cap Rate 7%

$825,857 $825.9K

Cap Rate 9%

$642,333 $642.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,700 SF

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 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 (±1% cap)

NOI $57,810 @ 7.0% cap · market cap 8.56%

Second Best

Retail

$679.6K

$594.7K – $792.9K (±1% cap)

NOI $47,573 @ 7.0% cap · market cap 7.05%

Theoretical Best

Office A

$1.11M

$975.2K – $1.30M (±1% cap)

NOI $78,018 @ 7.0% cap · market cap 11.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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Established Footwear Retail Business

5427 S 108th Street, Hales Corners, WI 53130

$189,900

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Specialty Commercial Property

Hales Corners, WI 53130

$1,399,000

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Office Building for Sale

5250 S 108th St, Hales Corners, WI 53130

Contact for pricing

20,048 SF

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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