Service & Showroom
For Sale
$1,800,000
7800 76Th St, Milwaukee, WI 53223
SERVICE & SHOWROOM FACILITY
Property Size41,580 SF
Lot Size4.00 Acres
Price / SF$43.29
Days on Market143
Property Features for 7800 76Th St
General Information
Standard status
Active
Property type
Automotive properties, Auto shops, Car washes, Retail properties & Spaces
Size
41,580 SF
Net Rentable
41,580 SF
Total Parking Spaces
340
Lot size
4.00 Acres
Building Details
Year Built
1986
Buildings
1
Listed By:
Brian Flood
(414) 530-5302
Added: May 8
Investment Insights
Based on property information with market context.
This property features a high-visibility location with exposure to approximately 30,000 vehicles per day. It includes an expansive atrium-style showroom suited for display-oriented users, drive-through service bays with functional loading, an existing body shop, paint booth, and car wash. The site spans 4 acres, offering outdoor display and storage potential. The property size is 41580 units, located in Milwaukee, Wisconsin, with the postal code 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
$151,409
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
8.41%
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%
$3,028,180
$3.0M
Cap Rate 7%
$2,162,986
$2.2M
Cap Rate 9%
$1,682,322
$1.7M
Market Conditions
NOI Build-Up for 41,580 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
$227.4K $5.47/SF
− Vacancy
−$11.1K −$0.27/SF
EGI
$216.3K $5.20/SF
− OpEx
−$64.9K −$1.56/SF
NOI
$151.4K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$3,028,180
Cap Rate 7%
$2,162,986
Cap Rate 9%
$1,682,322
Alternative Uses
Best Use
Specialty Retail
$7.29M
$6.38M – $8.50M
NOI $510,062 @ 7.0% cap · market cap 28.34%
Second Best
Retail
$6.23M
$5.45M – $7.27M
NOI $436,153 @ 7.0% cap · market cap 24.23%
Theoretical Best
Office A
$9.99M
$8.74M – $11.66M
NOI $699,442 @ 7.0% cap · market cap 38.86%
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
428
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7960 N 76th St, Milwaukee, WI 53223
- Hertz Car Rental — 8301 N 76th St, Milwaukee, WI 53223
Frequently Asked Questions
What type of property is this?
Automotive property - SERVICE & SHOWROOM FACILITY
Where is this automotive property located?
The property is located at 7800 76Th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,800,000.
