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    1011 Mayfair Rd Wauwatosa, WI 53226

    Sponsored
    For Sale
    $3,100,000

    Wauwatosa retail building, high cap rate.

    Property size:
    41,788 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story retail building, located at 1011 N Mayfair Road in Wauwatosa, Wisconsin, presents a compelling investment opportunity. Boasting 41,788 rentable square feet on a 1.5-acre lot, this 1977-constructed property offers a strong 8.18% capitalization rate and a pro-forma net operating income of $253,533. The building features a multi-tenant configuration with long-term, synergistic tenants. Amenities include covered parking (4 spaces per 1,000 sq ft), ADA-compliant entry doors, dedicated storage areas, and after-hours access via an intercom system. Its prime location in Wauwatosa, Milwaukee County, Wisconsin (zip code 53226), provides convenient access to two freeway interchanges, ensuring excellent connectivity throughout the metro area. The asking price is $3,100,000, translating to a price per square foot of $74.19. This property is an ideal investment for those seeking a well-maintained, strategically located retail center with a proven track record and significant upside potential.

    Property Features for 1011 Mayfair Rd

    General Information

    Property type
    Retail properties
    Square Feet
    41,788 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1977
    Stories
    3

    HighLights

    • Exceptional three‑story retail building totaling 41,788 rentable square feet on a 1.5‑acre lot in Wauwatosa, WI.
    • Strong 8.18% capitalization rate and $253,533 pro‑forma NOI.
    • Multi‑tenant building with long‑term tenants, offering covered parking (4 spaces/1,000 sq ft), ADA access, storage, and after‑hours intercom access.
    • Prime Wauwatosa location (53226) near two freeway interchanges.
    • Asking price: $3,100,000 ($74.19/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wauwatosa
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0480244
    Latitude
    43.0427234

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    FAQs

    What type of property is this?
    Retail property - Wauwatosa retail building, high cap rate.
    Where is this retail property located?
    The property is located at 1011 Mayfair Rd Wauwatosa, WI.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Exceptional three-story retail building totaling 41,788 rentable square feet on a 1.5-acre lot in Wauwatosa, WI.; Strong 8.18% capitalization rate and $253,533 pro-forma NOI.; Multi-tenant building with long-term tenants, offering covered parking (4 spaces/1,000 sq ft), ADA access, storage, and after-hours intercom access.
    Request Owner's contact information
    1011 Mayfair Rd Wauwatosa, WI 53226
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    Wauwatosa, WI 53226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 Mayfair Rd Wauwatosa, WI 53226
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