Retail Space with Cold
For Sale
$999,900
7220 Bradley St, Lake Tomahawk, WI 54539
Sale includes the hardware business, inventory, rental equipment, and yard equipment.
Property Size9,600 SF
Price / SF$104.16
Days on Market35
Property Features for 7220 Bradley St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Listing Agency:
Norwisrealty.Com LLC
(715) 965-1234
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 10:49AM
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 Norwisrealty.Com LLC
Investment Insights
Based on property information with market context.
Located at 7220 Bradley St in Lake Tomahawk, Wisconsin, the property combines a retail building with dedicated cold storage and materials space. The retail component contains 9,600 square feet, while the additional storage area measures 8,473 square feet. Some utilities have been updated.
The sale encompasses the real estate along with the hardware store and lumber yard business, inventory, rental equipment, and yard equipment. This offering brings the operating business and its associated physical assets together in one transaction.
The sale encompasses the real estate along with the hardware store and lumber yard business, inventory, rental equipment, and yard equipment. This offering brings the operating business and its associated physical assets together in one transaction.
Key Highlights
- 9,600‑square‑foot retail area
- 8,473‑square‑foot cold storage and materials area
- Sale includes real estate, hardware store and lumber yard 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
Location Intelligence
Trade Area within ½ mile
71
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 hardware 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‑foot retail area; 8,473‑square‑foot cold storage and materials area; Sale includes real estate, hardware store and lumber yard business
