Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2363 102 St West Allis, WI 53227

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15,795 SF Retail/Office Space, Ample Parking

    Property size:
    15,795 SF

    Property Features for 2363 102 St

    General Information

    Property type
    Retail properties
    Square Feet
    15,795 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Isaac Berg
    Isaac Berg

    Listing Agency: Colliers - Milwaukee, Wisconsin Listing Agent: Isaac Berg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 15,795 square foot retail property, located at 2363 S 102nd Street in West Allis, Wisconsin, presents a compelling investment opportunity. Situated on a one-acre lot (APN 485-9995-014), this C-4 zoned building boasts a substantial 70-space parking field, providing ample convenience for customers and employees. Built in 1975, the property has undergone significant recent improvements, including a brand new roof and a central air conditioning system, ensuring both comfort and efficiency. The building is professionally maintained and landscaped, presenting a well-kept and attractive exterior. Its prime location offers convenient access to major transportation arteries, including I-894 and Highway 100, ensuring high visibility and accessibility. This property is ideal for an owner-occupant seeking supplemental income, or an investor looking for a strong return. The combination of its size, location, amenities, and recent upgrades makes this a truly remarkable opportunity in the thriving West Allis market. The asking price is $1,475,000. This property is zoned C-4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0413933
    Latitude
    43.0011552

    Nearby Similar for Sale

    • New
      $389,900
      2,022 SF

      Fully Leased Retail Investment Property

      Well-maintained, fully leased duplex and salon building in West Allis.
      7000 W National Ave, West Allis, WI 53214
      View Details
    • $290,000
      0.11 Acres

      West Allis Bungalow Two-Family

      Classic bungalow duplex in central West Allis location.
      2175 S 83Rd St, West Allis, WI 53219
      View Details
    • Contact for pricing
      2,408 SF

      Retail Space with Basement Storage

      Retail space with basement, high visibility, and easy access.
      11401 W National Ave, West Allis, WI 53227
      View Details
    • Contact for pricing
      7,000 SF

      West Allis Storefront Property

      Retail property with two storefront entrances and garage in back.
      7125 W Greenfield Ave, West Allis, WI 53204
      View Details
    • Contact for pricing
      2,366 SF

      Equipped Dental Practice Ready

      Fully equipped dental practice in a dense residential neighborhood.
      8801 W National Ave, West Allis, WI 53227
      View Details
    • Contact for pricing
      22,440 SF

      West Allis Retail Portfolio

      Two tenant-occupied retail buildings near Hwy 100 and I-41.
      9633-9635 W Greenfield Ave, West Allis, WI 53214
      View Details
    • $1,495,000
      11,950 SF

      West Allis Industrial Property

      Renovated industrial property with multi-tenant potential in West Allis.
      1445 S 113 St, West Allis, WI
      View Details
    • Contact for pricing
      19,173 SF

      Former Retail Space For Sale

      High-visibility retail space suitable for retail, medical, or service uses.
      9220 W Greenfield Ave, West Allis, WI 53214
      View Details
    • Contact for pricing
      9,272 SF

      High-Traffic Retail/Restaurant Space Available

      5,800 SF space on high-traffic street near major retailers.
      2865 S 108 St, West Allis, WI
      View Details
    • Contact for pricing
      38,564 SF

      West Allis Office Building

      Office building with freeway visibility and flexible floor plan.
      2400 S 102 St, West Allis, WI
      View Details
    • Contact for pricing
      45,620 SF

      West Allis Specialty Property

      Historic rehabilitation eligible for tax credits in West Allis.
      6771 W National Ave, West Allis, WI 53214
      View Details
    • Contact for pricing
      12,672 SF

      West Allis Mixed-Use Investment

      Cash flowing retail and multifamily property in West Allis.
      1410 S 72 St, West Allis, WI
      View Details

    FAQs

    What type of property is this?
    Retail property - 15,795 SF Retail/Office Space, Ample Parking
    Where is this retail property located?
    The property is located at 2363 102 St West Allis, WI.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Owner-occupant opportunity with income potential.; Ample parking.; Excellent access to I-894 and Highway 100.
    (414) 278-6862 Call to check price and availability
    Request Owner's contact information
    2363 102 St West Allis, WI 53227
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2363 102 St
    West Allis, WI 53227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2363 102 St West Allis, WI 53227
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Isaac Berg
    Isaac Berg
    Real Estate License ID: 8975294
    (414) 278-6862 (414) 276-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!