Retail Space with Cold
For Sale
$999,900
7220 Bradley St, Lake Tomahawk, WI 54539
Sale includes the real estate, operating business, inventory, rental equipment, and yard equipment.
Property Size9,600 SF
Days on Market20
Property Features for 7220 Bradley St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Warehouse & Industrial
Cold Storage
Yes
Cold Storage Area
8,473 SF
Additional Details
Business Included
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$1,553
Building Details
Building Size
9,600 SF
Buildings
1
Units
1
Listing Agency:
Redman Realty Group, LLC
(715) 525-1008
Listed By:
Janel & Sam Pagels Team · License #50761 - 90
(715) 525-1008
Source:
Northwoodswi
Added: Jul 23
Changed: Aug 10
Last Checked: Aug 10 at 12:07PM
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 Redman Realty Group, LLC
Investment Insights
Based on property information with market context.
This retail property combines customer-facing sales space with dedicated storage for lumber and other materials. The improvements include 9,600 square feet of retail area and 8,473 square feet of cold storage and materials space. Some utilities have been updated.
The offering at 7220 Bradley St, Lake Tomahawk, Wisconsin 54539 includes the real estate along with the established hardware-store business, inventory, rental equipment, and yard equipment. The combined asset provides both an operating retail component and substantial on-site material storage.
The offering at 7220 Bradley St, Lake Tomahawk, Wisconsin 54539 includes the real estate along with the established hardware-store business, inventory, rental equipment, and yard equipment. The combined asset provides both an operating retail component and substantial on-site material storage.
Key Highlights
- 9,600 square feet of retail space
- 8,473 square feet of cold storage and materials space
- Sale includes real estate and the hardware‑store business
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
$86,398
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
8.64%
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%
$1,727,960
$1.7M
Cap Rate 7%
$1,234,257
$1.2M
Cap Rate 9%
$959,978
$960.0K
Market Conditions
NOI Build-Up for 9,600 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
$126.7K $13.20/SF
− Vacancy
−$3.3K −$0.34/SF
EGI
$123.4K $12.86/SF
− OpEx
−$37.0K −$3.86/SF
NOI
$86.4K $9.00/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$13.20 /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%
$1,727,960
Cap Rate 7%
$1,234,257
Cap Rate 9%
$959,978
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,398 @ 7.0% cap · market cap 8.64%
Second Best
Warehouse
$499.7K
$437.2K – $583.0K
NOI $34,977 @ 7.0% cap · market cap 3.50%
Theoretical Best
Industrial
$4.49M
$3.93M – $5.24M
NOI $314,527 @ 7.0% cap · market cap 31.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 54539, WI
1,525
Population
1,926
Households
0.8
Avg Household Size
58
Median Age
26%
College-Educated
94%
High-School Grad
55.7 sq mi
ZIP Area
27
Density / Sq Mi
$64,044
Median Household Income
$48,690
Median Earnings
$778
Median Rent
$241,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Sale includes the real estate, operating business, inventory, rental equipment, and yard equipment.
Where is this retail space located?
The property is located at 7220 Bradley St Lake Tomahawk, WI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 9,600 square feet of retail space; 8,473 square feet of cold storage and materials space; Sale includes real estate and the hardware‑store business
