Duplex and Salon Investment
For Sale
Contact for pricing
7000 W National Ave, West Allis, WI 53214
Well-maintained duplex and salon building with immediate cash flow.
Property Size2,022 SF
Price / SF$173.05
Days on Market142
Property Features for 7000 W National Ave
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Mixed Use, Retail
Listing Agency:
Homestead Realty, Inc
Listed By:
Michael Borowski · License #80125-94
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 9 at 12:58PM
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 Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This well-maintained property features a duplex and a salon building, offering immediate cash flow. The property provides multiple income streams with tenants currently in place. Numerous updates have been completed, potentially reducing future maintenance needs. This property is suitable for investors seeking a stable, turnkey commercial asset with a strong rental history and future upside potential. The commercial space is currently vacant.
Key Highlights
- Immediate cash flow with tenants in place
- Multiple income streams from duplex and salon building
- Turnkey commercial asset with strong rental history
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
$24,871
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
7.11%
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%
$497,420
$497.4K
Cap Rate 7%
$355,300
$355.3K
Cap Rate 9%
$276,344
$276.3K
Market Conditions
NOI Build-Up for 2,022 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
$48.5K $24.00/SF
− Vacancy
−$8.7K −$4.32/SF
EGI
$39.8K $19.68/SF
− OpEx
−$14.9K −$7.38/SF
NOI
$24.9K $12.30/SF
Area
Milwaukee County, WI
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$497,420
Cap Rate 7%
$355,300
Cap Rate 9%
$276,344
Alternative Uses
Best Use
Mixed Use
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 7.11%
Second Best
Multifamily LT 5
$309.5K
$270.9K – $361.1K
NOI $21,668 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,564 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex and salon building with immediate cash flow.
Where is this duplex located?
The property is located at 7000 W National Ave West Allis, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Immediate cash flow with tenants in place; Multiple income streams from duplex and salon building; Turnkey commercial asset with strong rental history
