Former Car Lot with Multi-Use
5850 W Appleton Ave Milwaukee, WI 53210
5850 W Appleton Ave, Milwaukee, WI, 53210
$99,000
For Sale
$99,000
Previously used as a car lot, this property offers flexible options for commercial and service-oriented uses.
Property Size476 SF
Price / SF$207.98
Days on Market9
Property Features for 5850 W Appleton Ave
General Information
- Standard status
- Active
- Size
- 476 SF
Listing Agency
Keller Williams Milwaukee North Shore
(414) 399-7476
Listed by
Anitra Tatum
(414) 399-7476
Source
Exprealty
Added: Jul 9 Checked: Jul 16 at 8:13 pm
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 Keller Williams Milwaukee North Shore
Investment Insights
Based on property information with market context.
This commercial property was previously used as a car lot and may support a range of redevelopment or conversion uses. The available configuration provides multiple possibilities for an owner-operator or investor looking to repurpose the site for a new business concept.
The property is listed for sale at 5850 W Appleton Ave in Milwaukee, WI. If purchased together with the related daycare building (MLS 1970755), the combined assemblage could be used for parking.
While the property has a history as a car lot, the specific improvements and site features are not detailed in the provided information.
The property is listed for sale at 5850 W Appleton Ave in Milwaukee, WI. If purchased together with the related daycare building (MLS 1970755), the combined assemblage could be used for parking.
While the property has a history as a car lot, the specific improvements and site features are not detailed in the provided information.
Key Highlights
- Previously used as a car lot with flexible commercial use options
- Multiple potential uses mentioned: dry cleaner, office space, health club, and electric car charging station
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.4k | $19.80 |
| − Vacancy | −$2.2k | −$4.55 |
| EGI | $7.3k | $15.25 |
| − OpEx | −$1.8k | −$3.81 |
| NOI | $5.4k | $11.43 |
476 SF · lease $19.80/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$77.8K
$68.0K – $90.7K
NOI $5,443 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
FAQs
What type of property is this?
Parking lot & garage - Previously used as a car lot, this property offers flexible options for commercial and service-oriented uses.
Where is this parking lot & garage 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: Previously used as a car lot with flexible commercial use options; Multiple potential uses mentioned: dry cleaner, office space, health club, and electric car charging station
