Wauwatosa Commercial Building For
For Sale
Contact for pricing
11225 W Bluemound Rd, Wauwatosa, WI 53226
Fully leased three-story commercial building in prime Wauwatosa location.
Property Size8,844 SF
Price / SF$132.86
Days on Market1479
Property Features for 11225 W Bluemound Rd
General Information
Standard status
Active
Size
8,844 SF
Total Parking Spaces
16
Property subtype
Retail, Office, Industrial
Zoning
Commercial
Occupancy
100%
Building Details
Year Built
1962
Stories
3
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
(262) 439-8897
Listed By:
Chris Slinker · License #WI
Source:
Crexi
Added: Aug 5, 2022
Changed: Aug 8
Last Checked: Aug 21 at 8:03PM
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 Berkshire Hathaway HomeServices Metro Realty
Investment Insights
Based on property information with market context.
This three-story commercial building, situated in a prime Wauwatosa location, is currently fully leased. The property is occupied by Berkshire Hathaway and Fairway Lending. The building includes a 16-space parking lot. Each of the three levels features two full bathrooms and a small kitchenette. The property offers curb appeal and is located approximately two minutes from highways 94 and 45. The building has a total size of 8,844 square feet. The long-term tenants have expressed willingness to stay.
Key Highlights
- Fully leased commercial building with long‑term tenants willing to stay
- Prime location in Wauwatosa
- Currently leased by Berkshire Hathaway and Fairway Lending
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
$89,519
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
7.62%
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%
$1,790,380
$1.8M
Cap Rate 7%
$1,278,843
$1.3M
Cap Rate 9%
$994,656
$994.7K
Market Conditions
NOI Build-Up for 8,844 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
$132.7K $15.00/SF
− Vacancy
−$4.8K −$0.54/SF
EGI
$127.9K $14.46/SF
− OpEx
−$38.4K −$4.34/SF
NOI
$89.5K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
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%
$1,790,380
Cap Rate 7%
$1,278,843
Cap Rate 9%
$994,656
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $120,937 @ 7.0% cap · market cap 10.29%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,519 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,806 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 53226, WI
19,921
Population
8,912
Households
2.2
Avg Household Size
37
Median Age
60%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,930
Density / Sq Mi
$86,361
Median Household Income
$57,753
Median Earnings
$1,348
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased three-story commercial building in prime Wauwatosa location.
Where is this retail space located?
The property is located at 11225 W Bluemound Rd Wauwatosa, WI.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Fully leased commercial building with long‑term tenants willing to stay; Prime location in Wauwatosa; Currently leased by Berkshire Hathaway and Fairway Lending
