Remodeled Mixed-Use
For Sale
Contact for pricing
6127 W Mitchell St, West Allis, WI 53214
Recently remodeled in 2024, this mixed-use building is adaptable for industrial, retail, or office use.
Property Size3,100 SF
Price / SF$177.42
Days on Market255
Property Features for 6127 W Mitchell St
General Information
Standard status
Active
Size
3,100 SF
Property subtype
RETAIL
Building Details
Year Renovated
2024
Listing Agency:
Judson & Associates, S.C.
(262) 695-8800
Listed By:
Luke Russell · License #9730494
(262) 746-3483
Source:
Moodyscre
Added: Dec 30, 2025
Changed: Sep 6
Last Checked: Sep 11 at 4:15AM
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 Judson & Associates, S.C.
Investment Insights
Based on property information with market context.
This recently remodeled mixed-use building was upgraded in 2024 and offers flexible interior use for a range of commercial users, spanning industrial, retail, and office applications. The property’s layout supports multiple uses within a single building, making it well-suited for tenants or buyers looking for adaptable space.
Located at 6127 W Mitchell St in West Allis, WI 53214, the building’s configuration is designed to accommodate different business needs without being limited to a single tenant type.
With its 2024 remodeling and multi-use adaptability, the space presents a practical option for organizations seeking a versatile commercial building.
Located at 6127 W Mitchell St in West Allis, WI 53214, the building’s configuration is designed to accommodate different business needs without being limited to a single tenant type.
With its 2024 remodeling and multi-use adaptability, the space presents a practical option for organizations seeking a versatile commercial building.
Key Highlights
- Mixed‑use building remodeled in 2024
- Adaptable layout can be used for industrial, retail, or office users
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
$31,378
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
5.71%
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%
$627,560
$627.6K
Cap Rate 7%
$448,257
$448.3K
Cap Rate 9%
$348,644
$348.6K
Market Conditions
NOI Build-Up for 3,100 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
$46.5K $15.00/SF
− Vacancy
−$1.7K −$0.54/SF
EGI
$44.8K $14.46/SF
− OpEx
−$13.4K −$4.34/SF
NOI
$31.4K $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%
$627,560
Cap Rate 7%
$448,257
Cap Rate 9%
$348,644
Alternative Uses
Best Use
Retail
$448.3K
$392.2K – $523.0K
NOI $31,378 @ 7.0% cap · market cap 5.71%
Second Best
Flex RnD
$389.5K
$340.9K – $454.5K
NOI $27,268 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$735.1K
$643.2K – $857.7K
NOI $51,459 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Double K Ranch Katerers — 2071 S 57th St, Milwaukee, WI 53219
- Antigua Catering & Events — 6209 W National Ave, West Allis, WI 53214
Frequently Asked Questions
What type of property is this?
Flex space - Recently remodeled in 2024, this mixed-use building is adaptable for industrial, retail, or office use.
Where is this flex space located?
The property is located at 6127 W Mitchell St West Allis, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use building remodeled in 2024; Adaptable layout can be used for industrial, retail, or office users
