Former Auto Dealership For
For Sale
Contact for pricing
8301 N 76th St, Milwaukee, WI 53223
Former auto dealership with additional income from secondary building.
Property Size37,300 SF
Lot Size6.97 Acres
Price / SF$46.92
Days on Market984
Property Features for 8301 N 76th St
General Information
Standard status
Active
Size
37,300 SF
Lot size
6.97 Acres
Property subtype
Retail, Industrial
Zoning
CS Commercial Services
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
Judson & Associates
Listed By:
Luke Russell · License #WI 97304-94
Source:
Crexi
Added: Dec 19, 2023
Changed: Aug 14
Last Checked: Aug 29 at 7:48AM
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 Judson & Associates
Investment Insights
Based on property information with market context.
This property, formerly an auto dealership, is suitable for various automotive-related businesses. It includes a main building of approximately 32,000 square feet and a secondary building of 5,300 square feet that is currently occupied by a tenant, providing additional income. Situated on 6.97 acres, the property features 29 overhead doors, trench drains, and a car wash. The property could be used for a variety of auto uses.
Key Highlights
- Large main building: +/- 32,000 SF suitable for various auto‑related businesses.
- Significant land size: 6.97 acres provides ample space for operations and expansion.
- 29 overhead doors facilitate efficient vehicle access and workflow.
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
$135,823
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
7.76%
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%
$2,716,460
$2.7M
Cap Rate 7%
$1,940,329
$1.9M
Cap Rate 9%
$1,509,144
$1.5M
Market Conditions
NOI Build-Up for 37,300 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
$204.0K $5.47/SF
− Vacancy
−$10.0K −$0.27/SF
EGI
$194.0K $5.20/SF
− OpEx
−$58.2K −$1.56/SF
NOI
$135.8K $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%
$2,716,460
Cap Rate 7%
$1,940,329
Cap Rate 9%
$1,509,144
Alternative Uses
Best Use
Retail
$5.59M
$4.89M – $6.52M
NOI $391,258 @ 7.0% cap · market cap 22.36%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,823 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$8.96M
$7.84M – $10.46M
NOI $627,446 @ 7.0% cap · market cap 35.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
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
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Former auto dealership with additional income from secondary building.
Where is this automotive property located?
The property is located at 8301 N 76th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Large main building: +/- 32,000 SF suitable for various auto‑related businesses.; Significant land size: 6.97 acres provides ample space for operations and expansion.; 29 overhead doors facilitate efficient vehicle access and workflow.
