Mixed-Use Building with
For Sale
$735,000
8301 8301 W Silver Spring DRIVE #8305, Milwaukee, WI 53218
Updated restaurant space is paired with two separate office or retail storefronts.
Property Size6,114 SF
Price / SF$120.22
Days on Market164
Property Features for 8301 8301 W Silver Spring DRIVE #8305
General Information
Standard status
Active
Size
6,114 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$22,665
Amenities
3
Less than 1/2
Building Details
Year Built
1962
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Maikou Yang · License #92646-94
(414) 534-1965
Source:
Xome
Added: Mar 31
Changed: Sep 9
Last Checked: Sep 9 at 3:57PM
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 Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This 6,114-square-foot mixed-use commercial building combines an updated operating restaurant with two separate office or retail storefronts. The property includes a new commercial kitchen, and the sale includes both the real estate and commercial kitchen equipment. Originally built in 1962, the building provides three distinct commercial components within one property.
The building occupies the intersection of W Silver Spring Drive and Fond du Lac Avenue in Milwaukee. On-site parking includes 26 dedicated spaces for restaurant customers and commercial occupants.
The building occupies the intersection of W Silver Spring Drive and Fond du Lac Avenue in Milwaukee. On-site parking includes 26 dedicated spaces for restaurant customers and commercial occupants.
Key Highlights
- 6,114‑square‑foot mixed‑use commercial building
- Updated operating restaurant with new commercial kitchen
- Two separate office or retail storefronts
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
$58,740
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
7.99%
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%
$1,174,800
$1.2M
Cap Rate 7%
$839,143
$839.1K
Cap Rate 9%
$652,667
$652.7K
Market Conditions
NOI Build-Up for 6,114 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
$91.7K $15.00/SF
− Vacancy
−$7.8K −$1.28/SF
EGI
$83.9K $13.73/SF
− OpEx
−$25.2K −$4.12/SF
NOI
$58.7K $9.61/SF
Area
ZIP 53218
Vacancy
8.50%
Lease Rate
$15.00 /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%
$1,174,800
Cap Rate 7%
$839,143
Cap Rate 9%
$652,667
Alternative Uses
Best Use
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,539 @ 7.0% cap · market cap 11.23%
Second Best
Specialty Retail
$1.02M
$890.7K – $1.19M
NOI $71,259 @ 7.0% cap · market cap 9.70%
Theoretical Best
Warehouse
$4.63M
$4.06M – $5.41M
NOI $324,409 @ 7.0% cap · market cap 44.14%
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
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 53218, WI
38,488
Population
15,971
Households
2.4
Avg Household Size
31
Median Age
10%
College-Educated
83%
High-School Grad
5.9 sq mi
ZIP Area
6,523
Density / Sq Mi
$42,207
Median Household Income
$33,622
Median Earnings
$1,034
Median Rent
$122,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Milwaukee, WI
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated restaurant space is paired with two separate office or retail storefronts.
Where is this mixed-use property located?
The property is located at 8301 8301 W Silver Spring DRIVE #8305 Milwaukee, WI.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 6,114‑square‑foot mixed‑use commercial building; Updated operating restaurant with new commercial kitchen; Two separate office or retail storefronts
