Mixed-Use Building with
For Sale
$1,100,000
N88W16731 Appleton Ave, Menomonee Falls, WI 53051
Two commercial spaces and four residences provide a combination of business and residential uses.
Property Size5,300 SF
Price / SF$207.55
Days on Market47
Property Features for N88W16731 Appleton Ave
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Mixed-Use Components
commercial, residential
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,328
Building Details
Building Size
5,300 SF
Year Built
1904
Buildings
1
Tenancy
Multi
Listing Agency:
Bradley Realty, Inc.
Listed By:
Brad Posnanski
(262) 255-3350
Source:
Defererealestate
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 24 at 2:50PM
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 Bradley Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,300-square-foot mixed-use property contains two commercial spaces and four apartments. Built in 1904, the building has C2 zoning. Improvements include work to all mechanical systems, the windows, roof, and multiple interior areas.
A separate neighboring lot is included in the sale, adding land alongside the existing building. The property is in a downtown setting in Menomonee Falls, Wisconsin.
A separate neighboring lot is included in the sale, adding land alongside the existing building. The property is in a downtown setting in Menomonee Falls, Wisconsin.
Key Highlights
- 5,300‑square‑foot mixed‑use building
- Two commercial spaces and four apartments
- Separate neighboring lot included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,105
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,100
$1.5M
Cap Rate 7%
$1,072,929
$1.1M
Cap Rate 9%
$834,500
$834.5K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$111.3K $21.00/SF
− Vacancy
−$4.0K −$0.76/SF
EGI
$107.3K $20.24/SF
− OpEx
−$32.2K −$6.07/SF
NOI
$75.1K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,100
Cap Rate 7%
$1,072,929
Cap Rate 9%
$834,500
Alternative Uses
Best Use
Retail
$1.07M
$938.8K – $1.25M
NOI $75,105 @ 7.0% cap · market cap 6.83%
Second Best
Mixed Use
$899.5K
$787.1K – $1.05M
NOI $62,964 @ 7.0% cap · market cap 5.72%
Theoretical Best
Flex RnD
$2.70M
$2.37M – $3.16M
NOI $189,348 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and four residences provide a combination of business and residential uses.
Where is this mixed-use property located?
The property is located at N88W16731 Appleton Ave Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,300‑square‑foot mixed‑use building; Two commercial spaces and four apartments; Separate neighboring lot included in the sale
