Waukesha Mixed-Use Property For
613 & 621 N Grandview Blvd. & 620 N Morgan Ave. Waukesha, WI 53188
For Sale
Contact for pricing
Mixed-use property in Waukesha, WI, totaling 7,559 square feet.
Property Size7,559 SF
Price / SF$136.99
Days on Market166
Property Features for 613 & 621 N Grandview Blvd. & 620 N Morgan Ave.
General Information
Standard status
Active
Size
7,559 SF
Property subtype
Retail, Mixed Use
Listing Agency:
The Barry Company
(414) 272-6733
Listed By:
David Barry · License #WI 46982-90
Source:
Crexi
Added: Feb 13
Changed: Jul 10
Last Checked: Jul 29 at 12:49PM
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 The Barry Company
Investment Insights
Based on property information with market context.
This mixed-use property, located in Waukesha, WI, offers a total area of 7,559 square feet. The property is available for sale.
Key Highlights
- Mixed Use Property
Financial Insights For Mixed Use
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 | $163.3k | $21.60 |
| − Vacancy | −$19.6k | −$2.59 |
| EGI | $143.7k | $19.01 |
| − OpEx | −$53.9k | −$7.13 |
| NOI | $89.8k | $11.88 |
7,559 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,801 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.86M
$3.38M – $4.50M
NOI $270,052 @ 7.0% cap · market cap 26.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Waukesha, WI, totaling 7,559 square feet.
Where is this mixed-use property located?
The property is located at 613 & 621 N Grandview Blvd. & 620 N Morgan Ave. Waukesha, WI.
What is the asking price?
The asking price for this property is $1,035,500.
What are key features of this property?
This property features: Mixed Use Property
