13180-13200 Watertown Plank Road, Elm Grove, WI 53122
Mid-Century treasure in Milwaukee's most desired community.
- Added:
- Aug 29, 2024
- Days on Market:
- 650
- Last Refresh:
- May 19 at 8:28 pm
Property Features for 13180-13200 Watertown Plank Road
General Information
- Standard status
- Active
- Size
- 6,772 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail, Office
Listing agent Daniel Walsh License #WI 58230
Listing office Transwestern Milwaukee
Listing date Aug 29, 2024
Source Crexi
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
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.
- Mid‑Century architectural style with clean, modern lines.
- Constructed with high‑quality materials: cut limestone, glazed brick, and glass.
- Exceptional opportunity to own a unique property in a sought‑after community.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elm Grove
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.0770087
- Latitude
- 43.0444192
