Boutique Hotel & Restaurant
For Sale
Contact for pricing
5133 S Lake Dr, Cudahy, WI 53110
Charming 12-room hotel with restaurant and development potential.
Property Size11,750 SF
Price / SF$140.43
Days on Market656
Property Features for 5133 S Lake Dr
General Information
Standard status
Active
Size
11,750 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
RM-1
Building Details
Year Built
1922
Year Renovated
2005
Listing Agency:
Colliers - Milwaukee, Wisconsin
(414) 278-6862
Listed By:
Isaac Berg · License #89752-94
Source:
Crexi
Added: Oct 23, 2024
Changed: Aug 8
Last Checked: May 12 at 10:50PM
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 Colliers - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This property features a 12-room boutique hotel with an attached restaurant and parking. The property, located at 5133 S Lake Drive, Cudahy, WI 53110, offers potential for apartment or condo conversions. A vacant lot provides space for additional units. The property size is 11750 square feet.
Key Highlights
- Charming 12‑room boutique hotel with connected restaurant.
- Ample parking available.
- Potential for apartment/condo conversions.
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
$85,393
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
5.18%
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%
$1,707,860
$1.7M
Cap Rate 7%
$1,219,900
$1.2M
Cap Rate 9%
$948,811
$948.8K
Market Conditions
NOI Build-Up for 11,750 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
$211.5K $18.00/SF
− Vacancy
−$31.7K −$2.70/SF
EGI
$179.8K $15.30/SF
− OpEx
−$94.4K −$8.03/SF
NOI
$85.4K $7.27/SF
Area
Milwaukee County, WI
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,707,860
Cap Rate 7%
$1,219,900
Cap Rate 9%
$948,811
Alternative Uses
Best Use
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,397 @ 7.0% cap · market cap 9.60%
Second Best
Hotel Hospitality
$1.22M
$1.07M – $1.42M
NOI $85,393 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,045 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
MyEyeDr.
Shops & Services
1,249 visits/mo
0.5 miles
Demographics for 53110, WI
18,204
Population
8,866
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
4.8 sq mi
ZIP Area
3,793
Density / Sq Mi
$66,717
Median Household Income
$46,920
Median Earnings
$977
Median Rent
$201,000
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?
Hotel - Charming 12-room hotel with restaurant and development potential.
Where is this hotel located?
The property is located at 5133 S Lake Dr Cudahy, WI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Charming 12‑room boutique hotel with connected restaurant.; Ample parking available.; Potential for apartment/condo conversions.
