Single-Story Retail
For Sale
Contact for pricing
9220 W Greenfield Ave, West Allis, WI 53214
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 Market374
Property Features for 9220 W Greenfield Ave
General Information
Standard status
Active
Size
19,173 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Highway Access
Yes
Sprinkler System
Yes
Amenities
loading area
display cases
signage opportunities
Building Details
Stories
1
Listing Agency:
Cushman & Wakefield | Boerke
(414) 347-1000
Listed By:
Javaughn Porter · License #9471994
(414) 902-3350
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$194,069
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,881,380
$3.9M
Cap Rate 7%
$2,772,414
$2.8M
Cap Rate 9%
$2,156,322
$2.2M
Market Conditions
NOI Build-Up for 19,173 SF
Gross rent
$287.6K $15.00/SF
− Vacancy
−$10.4K −$0.54/SF
EGI
$277.2K $14.46/SF
− OpEx
−$83.2K −$4.34/SF
NOI
$194.1K $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 Rate 5%
$3,881,380
Cap Rate 7%
$2,772,414
Cap Rate 9%
$2,156,322
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53214, WI
34,297
Population
17,530
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
4,831
Density / Sq Mi
$62,712
Median Household Income
$46,304
Median Earnings
$999
Median Rent
$178,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
