Building Details

Year Built 1999

Listing Agency: Anderson Commercial Group

Listed By: JESSE GOODDEN · License #WI113530-94 Show Phone

Source: Crexi

Added: Feb 18 Changed: Oct 5 Last Checked: Oct 12 at 8:06PM

Report an Issue

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 Anderson Commercial Group

Investment Insights

Based on property information with market context.

This strip mall was constructed in 1999 and is offered for sale or lease. The property is situated along Fox Lane, west of Milwaukee Avenue, providing a defined commercial location in Waterford.

Key Highlights

• Strip mall constructed in 1999
• Available for sale or lease
• Located on Fox Ln west of Milwaukee Ave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,915

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,638,300 $1.6M

Cap Rate 7%

$1,170,214 $1.2M

Cap Rate 9%

$910,167 $910.2K

Market Conditions

NOI Build-Up for 8,051 SF

Gross rent

$120.8K $15.00/SF

− Vacancy

−$3.7K −$0.47/SF

EGI

$117.0K $14.54/SF

− OpEx

−$35.1K −$4.36/SF

NOI

$81.9K $10.17/SF

Area

Racine County, WI

Vacancy

3.10%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,638,300

Cap Rate 7%

$1,170,214

Cap Rate 9%

$910,167

Alternative Uses

Best Use

Retail

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,915 @ 7.0% cap · market cap 5.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,527 @ 7.0% cap · market cap 9.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Community State Bank ... Loan Service ATM Atm

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Building Supply Storage Facility Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

320

Businesses Nearby

43k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 48% Shops & Services 42% Dining 7% Beauty & Spa 2%

Pick 'n Save Groceries

20,723 visits/mo 0.4 miles

BP Shops & Services

16,167 visits/mo 0.1 miles

SUBWAY Dining

3,203 visits/mo 0.1 miles

BMO Harris Bank Shops & Services

1,867 visits/mo 0.5 miles

Great Clips Beauty & Spa

921 visits/mo 0.1 miles

Demographics for 53185, WI

18,761

Population

8,211

Households

2.3

Avg Household Size

46

Median Age

32%

College-Educated

96%

High-School Grad

45.7 sq mi

ZIP Area

411

Density / Sq Mi

$100,896

Median Household Income

$55,769

Median Earnings

$1,191

Median Rent

$357,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Built-Out Medical Office

790 Cornerstone Crossing, Waterford, WI 53185

Contact for pricing

4,800 SF

View details

Micro-Distillery with Tasting Room

228 E Main St, Waterford, WI 53185

$550,000

1,720 SF

View details

Waterford Commercial Property for Sale

209 N Milwaukee St, Waterford, WI 53185

Contact for pricing

19,980 SF

View details

Townhouse-Style Duplex with Garages

506 N 6th St, Waterford, WI 53185

$499,500

View details

Quadplex with Detached Garage

229 W Main St, Waterford, WI 53185

$364,900

View details

Manufacturing Facility with Mezzanine

826 Mohr Avenue, Waterford, WI 53185

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Strip mall - Strip mall along Fox Lane near Milwaukee Avenue, available for sale or lease.

Where is this strip mall located?

The property is located at 810 Fox Ln Waterford, WI.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Strip mall constructed in 1999; Available for sale or lease; Located on Fox Ln west of Milwaukee Ave