Self Storage
For Sale
Contact for pricing
7420 W Bradley Road, Milwaukee, WI 53223
Warehouse-style self storage facility available for sale at 7420 W Bradley Road.
Property Size8,000 SF
Price / SF$53.13
Days on Market93
Property Features for 7420 W Bradley Road
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Building Details
Buildings
2
Units
60
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Dylan Brown · License #WI
(414) 943-2772
Source:
Crexi
Added: Jun 4
Changed: Aug 25
Last Checked: Sep 1 at 10:18AM
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 Colliers - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This property is a self storage and warehouse facility offered for sale. The site has a total property size of 8,000 square feet.
The property is located at 7420 W Bradley Road in Milwaukee, Wisconsin (53223).
As a combined self storage and warehouse asset, it may suit buyers looking for a storage-focused commercial facility with an existing warehouse configuration.
The property is located at 7420 W Bradley Road in Milwaukee, Wisconsin (53223).
As a combined self storage and warehouse asset, it may suit buyers looking for a storage-focused commercial facility with an existing warehouse configuration.
Key Highlights
- Warehouse‑style self storage facility for sale at 7420 W Bradley Road, Milwaukee, WI 53223
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
$35,373
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
8.32%
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%
$707,460
$707.5K
Cap Rate 7%
$505,329
$505.3K
Cap Rate 9%
$393,033
$393.0K
Market Conditions
NOI Build-Up for 8,000 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
$43.8K $5.47/SF
− Vacancy
−$2.1K −$0.27/SF
EGI
$41.6K $5.20/SF
− OpEx
−$6.2K −$0.78/SF
NOI
$35.4K $4.42/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
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%
$707,460
Cap Rate 7%
$505,329
Cap Rate 9%
$393,033
Alternative Uses
Best Use
Self Storage
$1.04M
$908.0K – $1.21M
NOI $72,643 @ 7.0% cap · market cap 17.09%
Second Best
Warehouse
$505.3K
$442.2K – $589.6K
NOI $35,373 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,573 @ 7.0% cap · market cap 31.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 53223, WI
28,884
Population
13,436
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
2,918
Density / Sq Mi
$60,477
Median Household Income
$44,625
Median Earnings
$1,071
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Warehouse-style self storage facility available for sale at 7420 W Bradley Road.
Where is this self storage facility located?
The property is located at 7420 W Bradley Road Milwaukee, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Warehouse‑style self storage facility for sale at 7420 W Bradley Road, Milwaukee, WI 53223
