Renovated NNN
For Sale
$1,550,000
7822 W Capitol Dr, Milwaukee, WI 53222
Fully occupied asset with long-term leases and recently updated HVAC systems.
Property Size5,062 SF
Price / SF$306.20
Days on Market33
Property Features for 7822 W Capitol Dr
General Information
Standard status
Active
Size
5,062 SF
Occupancy
100%
Additional Details
Cap Rate
9%
Building Details
Year Built
2001
Year Renovated
2021
Listing Agency:
Bear Realty Of Burlington
(262) 763-8116
Listed By:
Marc Chapdelaine
Source:
Levelupwi
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 29 at 7:21AM
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 Bear Realty Of Burlington
Investment Insights
Based on property information with market context.
This NNN property contains 5,062 square feet and was originally built in 2001. The building underwent a complete renovation in 2021, followed by HVAC updates in 2025. It is fully occupied under long-term leases, providing an established operating profile for the next owner.
Located at 7822 W Capitol Dr in Milwaukee, Wisconsin, the property is positioned in a high-traffic, high-visibility setting. The reported 9-percent cap rate adds a measurable investment metric for evaluation alongside the building improvements and current occupancy.
Located at 7822 W Capitol Dr in Milwaukee, Wisconsin, the property is positioned in a high-traffic, high-visibility setting. The reported 9-percent cap rate adds a measurable investment metric for evaluation alongside the building improvements and current occupancy.
Key Highlights
- 5,062‑square‑foot NNN property
- Fully occupied with long‑term leases
- Complete building renovation completed in 2021
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
$53,098
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
3.43%
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%
$1,061,960
$1.1M
Cap Rate 7%
$758,543
$758.5K
Cap Rate 9%
$589,978
$590.0K
Market Conditions
NOI Build-Up for 5,062 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
$82.0K $16.20/SF
− Vacancy
−$6.2K −$1.22/SF
EGI
$75.9K $14.99/SF
− OpEx
−$22.8K −$4.50/SF
NOI
$53.1K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /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%
$1,061,960
Cap Rate 7%
$758,543
Cap Rate 9%
$589,978
Alternative Uses
Best Use
Retail
$758.5K
$663.7K – $885.0K
NOI $53,098 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,151 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied asset with long-term leases and recently updated HVAC systems.
Where is this nnn property located?
The property is located at 7822 W Capitol Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 5,062‑square‑foot NNN property; Fully occupied with long‑term leases; Complete building renovation completed in 2021
