Brick Mixed-Use
New
For Sale
$225,000
7234 W Becher St, West Allis, WI 53219
Y, West Allis, WI
Property Size1,200 SF
Lot Size0.08 Acres
Price / SF$187.50
Days on Market5
Property Features for 7234 W Becher St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Standard status
Active
APN
4760321000
Size
1,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2006
Building Details
Year built
1925
Architectural style
Other
Listing Agency:
EXP Realty, LLC~MKE
(866) 848-6990
Listed By:
D'Antae Powers · License #5937290
(414) 807-5327
Added: Sep 14
Last Checked: Sep 18 at 8:06AM
MLS# 1980610
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1925, this 1,200-square-foot brick mixed-use property combines a front commercial area with a residential unit containing two bedrooms and one bathroom. The building also includes a full basement that may accommodate workspace, storage, or warehouse functions, subject to applicable approvals. The parcel measures 0.08 acres and carries C-2 zoning.
Located at 7234 W Becher St in West Allis, Wisconsin, the property occupies a corner position. Its combination of commercial and residential components supports an owner-occupant configuration with business space and living quarters under one roof, while the basement adds additional interior area for potential functional use.
Located at 7234 W Becher St in West Allis, Wisconsin, the property occupies a corner position. Its combination of commercial and residential components supports an owner-occupant configuration with business space and living quarters under one roof, while the basement adds additional interior area for potential functional use.
Key Highlights
- C‑2‑zoned mixed‑use property at 7234 W Becher St, West Allis, WI 53219
- 1,200‑square‑foot brick building constructed in 1925
- Front business area paired with a 2‑bedroom, 1‑bath residential unit
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
$14,904
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
6.62%
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%
$298,080
$298.1K
Cap Rate 7%
$212,914
$212.9K
Cap Rate 9%
$165,600
$165.6K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$2.1K −$1.73/SF
EGI
$23.8K $19.87/SF
− OpEx
−$8.9K −$7.45/SF
NOI
$14.9K $12.42/SF
Area
ZIP 53219
Vacancy
8.00%
Lease Rate
$21.60 /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%
$298,080
Cap Rate 7%
$212,914
Cap Rate 9%
$165,600
Alternative Uses
Best Use
Mixed Use
$212.9K
$186.3K – $248.4K
NOI $14,904 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,186 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner building combines a front business area with a two-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 7234 W Becher St West Allis, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: C‑2‑zoned mixed‑use property at 7234 W Becher St, West Allis, WI 53219; 1,200‑square‑foot brick building constructed in 1925; Front business area paired with a 2‑bedroom, 1‑bath residential unit
