Multi-Space Storefront
For Sale
$2,000,000
6080-6090 S 108th St Hales, Hales Corners, WI 53130
Storefront property with multiple rental areas and flexible space configurations for commercial occupancy.
Property Size12,339 SF
Days on Market193
Property Features for 6080-6090 S 108th St Hales
General Information
Standard status
Active
Size
12,339 SF
Property subtype
Free Standing Building
Building Details
Building Size
12,339 SF
Year Built
1970
Properties For Sale
at 6080-6090 S 108th St Hales Contact us- Size
- 2,995 SF
- Lease Type
- NNN
Upper Level
Listing Agency:
Anderson Commercial Group
(414) 858-5204
Listed By:
Mackenzie Wamser · License #WI45690
(414) 858-5204
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 7:27AM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
This storefront property, constructed in 1970, includes multiple rental spaces and a flexible interior arrangement. The configuration can accommodate an owner-occupied business, separate occupants, or a combination of both, based on the property’s stated layout options.
The building is positioned on the east side of S 108th St, north of W Kay Parkway, in Hales Corners. Its surrounding commercial setting includes retail, dining, and professional service businesses, providing an established context for storefront operations.
The building is positioned on the east side of S 108th St, north of W Kay Parkway, in Hales Corners. Its surrounding commercial setting includes retail, dining, and professional service businesses, providing an established context for storefront operations.
Key Highlights
- Multiple rental spaces within one storefront property
- Flexible layout options for varied commercial occupancy
- Built in 1970
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
$124,895
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
6.24%
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%
$2,497,900
$2.5M
Cap Rate 7%
$1,784,214
$1.8M
Cap Rate 9%
$1,387,722
$1.4M
Market Conditions
NOI Build-Up for 12,339 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
$185.1K $15.00/SF
− Vacancy
−$6.7K −$0.54/SF
EGI
$178.4K $14.46/SF
− OpEx
−$53.5K −$4.34/SF
NOI
$124.9K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
Lease Rate
$15.00 /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%
$2,497,900
Cap Rate 7%
$1,784,214
Cap Rate 9%
$1,387,722
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,895 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,822 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with multiple rental areas and flexible space configurations for commercial occupancy.
Where is this storefront property located?
The property is located at 6080-6090 S 108th St Hales Hales Corners, WI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Multiple rental spaces within one storefront property; Flexible layout options for varied commercial occupancy; Built in 1970
