Mixed-Use Property with
New
For Sale
$785,000
5444 S 27th St, Milwaukee, WI 53221
Existing bar operations are paired with attached residential quarters, a full basement, parking, and a detached garage.
Property Size3,661 SF
Lot Size0.60 Acres
Price / SF$214.42
Days on Market4
Property Features for 5444 S 27th St
General Information
Standard status
Active
Size
3,661 SF
Lot size
0.60 Acres
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1941
Listing Agency:
1st Choice Properties Realty LLC
Listed By:
Chad Schmidt · License #5864490
(262) 492-4744
Source:
Jwregwi
Added: Sep 13
Last Checked: Sep 15 at 11:56PM
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 1st Choice Properties Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating bar and tavern with attached residential accommodations. The residence includes 7 bedrooms, 2.5 bathrooms, and a full basement, creating a substantial residential component within the property. A 2.5-car garage, on-site parking, and green space are also included.
The property occupies a 0.60-acre parcel at 5444 S 27th St in Milwaukee, Wisconsin. Built in 1941, it offers a combination of commercial and residential improvements in one property. The existing tavern operation is identified as Nicky K's Bar & Tavern.
The property occupies a 0.60-acre parcel at 5444 S 27th St in Milwaukee, Wisconsin. Built in 1941, it offers a combination of commercial and residential improvements in one property. The existing tavern operation is identified as Nicky K's Bar & Tavern.
Key Highlights
- 0.60‑acre mixed‑use property at 5444 S 27th St, Milwaukee, WI 53221
- Operating Nicky K's Bar & Tavern
- Attached residential quarters with 7 bedrooms and 2.5 bathrooms
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
$50,288
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
6.41%
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%
$1,005,760
$1.0M
Cap Rate 7%
$718,400
$718.4K
Cap Rate 9%
$558,756
$558.8K
Market Conditions
NOI Build-Up for 3,661 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
$72.5K $19.80/SF
− Vacancy
−$5.4K −$1.49/SF
EGI
$67.1K $18.32/SF
− OpEx
−$16.8K −$4.58/SF
NOI
$50.3K $13.74/SF
Area
ZIP 53221
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,005,760
Cap Rate 7%
$718,400
Cap Rate 9%
$558,756
Alternative Uses
Best Use
Specialty Retail
$718.4K
$628.6K – $838.1K
NOI $50,288 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$624.7K
$546.6K – $728.8K
NOI $43,726 @ 7.0% cap · market cap 5.57%
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,253 @ 7.0% cap · market cap 24.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing bar operations are paired with attached residential quarters, a full basement, parking, and a detached garage.
Where is this mixed-use property located?
The property is located at 5444 S 27th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 0.60‑acre mixed‑use property at 5444 S 27th St, Milwaukee, WI 53221; Operating Nicky K's Bar & Tavern; Attached residential quarters with 7 bedrooms and 2.5 bathrooms
