Former Bank Branch with
For Sale
Contact for pricing
730 Fox St, Mukwonago, WI 53149
Well-maintained building with drive-thru, suitable for retail or bank.
Property Size2,790 SF
Price / SF$403.23
Days on Market651
Property Features for 730 Fox St
General Information
Standard status
Active
Size
2,790 SF
Class
B
Property subtype
Retail, Office
Zoning
Commericial PUD 10-R10
Listing Agency:
Mid America Real Estate Milwaukee
(262) 613-3888
Listed By:
Mike Fitzgerald · License #WI 55552-94
Source:
Crexi
Added: Nov 8, 2024
Changed: Aug 20
Last Checked: Aug 21 at 2:17PM
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 Mid America Real Estate Milwaukee
Investment Insights
Based on property information with market context.
This property, formerly a BMO Bank branch, features an existing drive-thru. Constructed in 1979, the well-maintained masonry building includes a dry basement. The property has 200 feet of frontage along Fox Street, with two access points. It is located approximately 0.5 miles from Highway 83, which has a traffic volume of nearly 19,000 vehicles per day. The building has a size of 2790 square feet and could be suitable for retail or banking purposes.
Key Highlights
- Existing drive‑thru
- 200’ of frontage along Fox Street with two access points
- High‑traffic location: 0.5 miles to Highway 83 (nearly 19,000 vehicles per day)
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
$60,515
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
5.38%
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%
$1,210,300
$1.2M
Cap Rate 7%
$864,500
$864.5K
Cap Rate 9%
$672,389
$672.4K
Market Conditions
NOI Build-Up for 2,790 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
$83.7K $30.00/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$80.7K $28.92/SF
− OpEx
−$20.2K −$7.23/SF
NOI
$60.5K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,210,300
Cap Rate 7%
$864,500
Cap Rate 9%
$672,389
Alternative Uses
Best Use
Specialty Retail
$864.5K
$756.4K – $1.01M
NOI $60,515 @ 7.0% cap · market cap 5.38%
Second Best
Retail
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 3.51%
Theoretical Best
Flex RnD
$1.42M
$1.25M – $1.66M
NOI $99,675 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,190 visits/mo
0.1 miles
Demographics for 53149, WI
19,644
Population
7,585
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
98%
High-School Grad
57.9 sq mi
ZIP Area
339
Density / Sq Mi
$112,653
Median Household Income
$53,449
Median Earnings
$1,100
Median Rent
$384,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Well-maintained building with drive-thru, suitable for retail or bank.
Where is this bank located?
The property is located at 730 Fox St Mukwonago, WI.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Existing drive‑thru; 200’ of frontage along Fox Street with two access points; High‑traffic location: 0.5 miles to Highway 83 (nearly 19,000 vehicles per day)
