Single-Story Retail
9220 W Greenfield Ave West Allis, WI 53214
For Sale
Contact for pricing
Former CVS space with single-story layout, loading area, three restrooms, and ample on-site parking.
Property Size19,173 SF
Price / SF$135.61
Days on Market281
Property Features for 9220 W Greenfield Ave
General Information
Standard status
Active
Size
19,173 SF
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Boerke
(414) 347-1000
Listed By:
Kevin T. Riordan
(414) 347-1000
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Jul 28
Last Checked: Jul 29 at 4:03PM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
Former CVS retail storefront offered for sale or lease with a single-story layout. The building is fully sprinklered and includes three restrooms, a loading area, and display cases, along with prominent signage opportunities.
The property is positioned in a high-visibility location and is described as having strong traffic counts, within dense residential neighborhoods with strong daytime population. It also notes easy access to I-94 and I-41, plus major arterial roads, and proximity to national retailers, restaurants, and community amenities.
This configuration supports retail, medical, or service use based on the property’s stated fit and on-site amenities, including dedicated parking for customers and staff.
The property is positioned in a high-visibility location and is described as having strong traffic counts, within dense residential neighborhoods with strong daytime population. It also notes easy access to I-94 and I-41, plus major arterial roads, and proximity to national retailers, restaurants, and community amenities.
This configuration supports retail, medical, or service use based on the property’s stated fit and on-site amenities, including dedicated parking for customers and staff.
Key Highlights
- Former CVS with single‑story layout
- Fully sprinklered building with loading area and display cases
- Three restrooms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.6k | $15.00 |
| − Vacancy | −$10.4k | −$0.54 |
| EGI | $277.2k | $14.46 |
| − OpEx | −$83.2k | −$4.34 |
| NOI | $194.1k | $10.12 |
19,173 SF · lease $15.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.69M
$3.23M – $4.31M
NOI $258,463 @ 7.0% cap · market cap 9.94%
Second Best
Retail
$2.77M
$2.43M – $3.23M
NOI $194,069 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,263 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Prescriptions Plus — 10233 W Greenfield Ave, Milwaukee, WI 53214
- Good Value Pharmacy — 10233 W Greenfield Ave, Milwaukee, WI 53214
- Guardian Pharmacy of Wisconsin - Milwaukee — 10233 W Greenfield Ave, West Allis, WI 53214
- Trobentar Cynthia L — 10233 W Greenfield Ave, Milwaukee, WI 53214
- Taylor Page — 10101 W Greenfield Ave #130, West Allis, WI 53214
Frequently Asked Questions
What type of property is this?
Drug store - Former CVS space with single-story layout, loading area, three restrooms, and ample on-site parking.
Where is this drug store located?
The property is located at 9220 W Greenfield Ave West Allis, WI.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Former CVS with single‑story layout; Fully sprinklered building with loading area and display cases; Three restrooms
