Walgreens Retail Property For
For Sale
Contact for pricing
S70W15775 W Janesville Rd, Muskego, WI 53150
14,799 SF Walgreens located in Muskego, WI for sale.
Property Size14,799 SF
Price / SF$242.11
Days on Market179
Property Features for S70W15775 W Janesville Rd
General Information
Standard status
Active
Size
14,799 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$266,760
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
May Realty Advisors
Listed By:
Matthew May · License #CA 00912472
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 10 at 9:29AM
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 May Realty Advisors
Investment Insights
Based on property information with market context.
This property is a 14,799 square foot Walgreens located at S70W15775 W Janesville Rd in Muskego, WI 53150. It is situated on the southeast corner of Sandalwood and Janesville, offering strong visibility and convenient access along a primary retail corridor. The property benefits from its location at a four-corner intersection with strong access on all four corners and exceptional visibility along Janesville Rd & Mooreland Road. The combined traffic counts exceed 89,000 vehicles per day. Walgreens operates as an essential, daily-needs retailer, supporting consistent customer traffic and long-term real estate relevance. This corner positioning and sustained traffic exposure strengthen long-term residual value and downside protection.
Key Highlights
- High‑traffic location: Positioned at a four‑corner intersection with combined traffic counts exceeding 89,000 vehicles per day.
- Strong visibility and access: Located on a primary retail corridor.
- Essential, daily‑needs retailer: Walgreens operates as an essential business.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$320,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,419,800
$6.4M
Cap Rate 7%
$4,585,571
$4.6M
Cap Rate 9%
$3,566,556
$3.6M
Market Conditions
NOI Build-Up for 14,799 SF
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.
Gross rent
$444.0K $30.00/SF
− Vacancy
−$16.0K −$1.08/SF
EGI
$428.0K $28.92/SF
− OpEx
−$107.0K −$7.23/SF
NOI
$321.0K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,419,800
Cap Rate 7%
$4,585,571
Cap Rate 9%
$3,566,556
Alternative Uses
Best Use
Specialty Retail
$4.59M
$4.01M – $5.35M
NOI $320,990 @ 7.0% cap · market cap 8.96%
Second Best
Retail
$3.00M
$2.62M – $3.50M
NOI $209,714 @ 7.0% cap · market cap 5.85%
Theoretical Best
Flex RnD
$7.55M
$6.61M – $8.81M
NOI $528,708 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53150, WI
25,804
Population
10,546
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
755
Density / Sq Mi
$113,125
Median Household Income
$55,085
Median Earnings
$1,230
Median Rent
$390,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aurora Prescription Dispensing Center — S68W15500 Janesville Rd Ste 100, Muskego, WI 53150
- Walgreens Pharmacy — S70w15775 W Janesville Rd, Muskego, WI 53150
- COVID-19 Drive-Thru Testing at Walgreens — S70W15775 W Janesville Rd, Muskego, WI 53150
- Douglas Hoelz — S70W15775 W Janesville Rd, Muskego, WI 531507947
- Amy Hirt — S70W15775 W Janesville Rd, Muskego, WI 531507947
Frequently Asked Questions
What type of property is this?
Drug store - 14,799 SF Walgreens located in Muskego, WI for sale.
Where is this drug store located?
The property is located at S70W15775 W Janesville Rd Muskego, WI.
What is the asking price?
The asking price for this property is $3,583,000.
What are key features of this property?
This property features: High‑traffic location: Positioned at a four‑corner intersection with combined traffic counts exceeding 89,000 vehicles per day.; Strong visibility and access: Located on a primary retail corridor.; Essential, daily‑needs retailer: Walgreens operates as an essential business.
