Prime Elm Grove
13180-13200 Watertown Plank Road Elm Grove, WI 53122
For Sale
Contact for pricing
Pending
Mid-Century treasure in Milwaukee's most desired community.
Property Size6,772 SF
Lot Size0.50 Acres
Days on Market700
Property Features for 13180-13200 Watertown Plank Road
General Information
Standard status
Pending
Size
6,772 SF
Lot size
0.50 Acres
Property subtype
Retail, Office
Listing Agency:
Transwestern Milwaukee
(414) 270-4112
Listed By:
Daniel Walsh · License #WI 58230
Source:
Crexi
Added: Aug 29, 2024
Changed: Jul 10
Last Checked: Jul 27 at 4:58PM
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 Transwestern Milwaukee
Investment Insights
Based on property information with market context.
This 0.5-acre site is located in the heart of the Village of Elm Grove. The property features clean, modern lines expressed in cut limestone, glazed brick, and glass. With 6,772 square feet of space, it presents an exceptional opportunity for retail, office, or service businesses, or a build-to-suit project. The location is surrounded by high-quality housing and influential households, making it a sought-after community in Milwaukee.
Key Highlights
- Prime location in the highly desirable Village of Elm Grove.
- Large ½ acre site suitable for retail, office, service, or build‑to‑suit.
- Surrounded by high‑value housing and influential households.
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 | $142.2k | $21.00 |
| − Vacancy | −$5.1k | −$0.76 |
| EGI | $137.1k | $20.24 |
| − OpEx | −$41.1k | −$6.07 |
| NOI | $96.0k | $14.17 |
6,772 SF · lease $21.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,965 @ 7.0% cap · market cap 8.07%
Second Best
Office B
$1.34M
$1.18M – $1.57M
NOI $94,016 @ 7.0% cap · market cap 7.91%
Theoretical Best
Flex RnD
$3.46M
$3.02M – $4.03M
NOI $241,936 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Mid-Century treasure in Milwaukee's most desired community.
Where is this retail space located?
The property is located at 13180-13200 Watertown Plank Road Elm Grove, WI.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Prime location in the highly desirable Village of Elm Grove.; Large ½ acre site suitable for retail, office, service, or build‑to‑suit.; Surrounded by high‑value housing and influential households.
