Automotive Property with Car
For Sale
$99,000
5850 W Appleton Ave, Milwaukee, WI 53210
N, Milwaukee, WI
Property Size476 SF
Lot Size0.16 Acres
Price / SF$207.98
Days on Market57
Property Features for 5850 W Appleton Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LB2
Directions
Take W North Ave. Continue on W North Ave, Drive to W Appleton Ave to property at 5850 West Appleton Avenue.
Standard status
Active
APN
3060787000
Size
476 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
724
Building Details
Year built
1968
Architectural style
Other
Listing Agency:
Keller Williams Milwaukee North Shore · Keller Williams Realty
(414) 962-3605
Listed By:
Anitra Tatum
(414) 399-7476
Added: Jul 9
Changed: Aug 19
Last Checked: Sep 3 at 11:06AM
MLS# 1971026
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 5850 W Appleton Ave in Milwaukee, this automotive property includes a 476-square-foot building on 0.16 acres. Constructed in 1968, the site was previously used as a car lot and is classified LB2.
The property is presented as a flexible commercial asset, with possible applications identified for dry cleaning, office space, a health club, or electric vehicle charging. Acquisition alongside the separate daycare building identified in the remarks could provide additional parking use.
The property is presented as a flexible commercial asset, with possible applications identified for dry cleaning, office space, a health club, or electric vehicle charging. Acquisition alongside the separate daycare building identified in the remarks could provide additional parking use.
Key Highlights
- 476‑square‑foot commercial building
- 0.16‑acre site in Milwaukee, WI 53210
- LB2 zoning
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
$4,993
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
5.04%
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%
$99,860
$99.9K
Cap Rate 7%
$71,329
$71.3K
Cap Rate 9%
$55,478
$55.5K
Market Conditions
NOI Build-Up for 476 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
$7.7K $16.20/SF
− Vacancy
−$578 −$1.22/SF
EGI
$7.1K $14.99/SF
− OpEx
−$2.1K −$4.50/SF
NOI
$5.0K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$99,860
Cap Rate 7%
$71,329
Cap Rate 9%
$55,478
Alternative Uses
Best Use
Retail
$71.3K
$62.4K – $83.2K
NOI $4,993 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$24.8K
$21.7K – $28.9K
NOI $1,733 @ 7.0% cap · market cap 1.75%
Theoretical Best
Office A
$114.4K
$100.1K – $133.5K
NOI $8,007 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Milwaukee, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Automotive property - LB2-zoned commercial site with a compact building and prior vehicle-sales use.
Where is this automotive property located?
The property is located at 5850 W Appleton Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 476‑square‑foot commercial building; 0.16‑acre site in Milwaukee, WI 53210; LB2 zoning
