Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1304 60Th St West Allis, WI 53214
    Back to Search
    Property profile & analytics

    1304 60Th St, West Allis, WI 53214

    View on Map
    • Day care centers
    • 1,920 SF
    • 0.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 1304 60Th St

    Year built
    1974
    Lot size
    0.16 lot acres
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a fully licensed and operational daycare center located at 1304 S 60th St, West Allis, WI 53214. The 1,920 square foot building, situated on a 0.16-acre lot, boasts a capacity for 25 children, as per the landlord. The property features multiple classroom areas, a fenced playground, and three restrooms, ensuring a safe and stimulating environment for young children. An on-site office provides administrative space. The building, constructed in 1974 and renovated in 2020, is classified as a Class B retail property with a single tenancy and NNN lease type. The property benefits from ample natural light in each room, a brightly colored interior, and convenient street corner signage. A nearby bus stop at 60th & National Ave enhances accessibility. The property is zoned C-3 (Community Commercial District) and includes 10 parking spaces. This turnkey operation is priced at $600,000 and is approved by both the city and state for daycare services, making it an attractive investment for those seeking a profitable and established business. The property's features and location make it an ideal setting for a thriving daycare center. The asking price is $600,000. The APN is 438-0311-001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9875
    Latitude
    43.0183

    Comparable in this City

    • Value Estimation by Request
      64,573 SF

      1526 72Nd St

      Specialty properties
      1526 72Nd St, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      1.00 Acre

      Sec Of Hwy 100 & Mitchell St

      Individual retail properties
      0 Sec Of Hwy 100 & Mitchell St, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      325,309 SF

      70Th St

      Lifestyle centers
      0 70Th St, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      10,816 SF

      8626 Greenfield Ave

      Office Spaces
      8626 Greenfield Ave, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      12,888 SF

      1410 72Nd St

      Multifamily properties
      1410 72Nd St, West Allis, WI 53214
      View Details
    • Value Estimation by Request
      152,800 SF

      7126 Millers Way

      Life science properties
      7126 Millers Way, Milwaukee, WI 53214
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property on Greenfield Avenue

      Retail property for sale on West Greenfield Avenue.
      9617-9619 W Greenfield 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 72Nd St, West Allis, WI 53214
      View Details
    • Contact for pricing
      14,487 SF

      West Allis Walgreens For Sale

      Net leased Walgreens in Milwaukee MSA with long-term lease.
      6101 W Greenfield Ave, West Allis, WI 53214
      View Details
    • Contact for pricing
      4,334 SF

      West Allis Commercial Building

      Commercial building in West Allis, suitable for development or rental.
      6228 W Washington St, West Allis, WI 53214
      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
      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

    Similar Nearby for Lease

    • Contact for pricing
      35,541 SF

      West Allis Retail Space

      Retail property available for lease in West Allis, WI.
      901 S 60Th St, West Allis, WI 53214
      View Details
    • Contact for pricing

      WI, Wauwatosa - Honey Creek Corporate Center

      Discover many ways to work your way in WI, Wauwatosa - Honey Creek Corporate Center
      9000 Chester St, Milwaukee, WI 53214
      View Details
    • Contact for pricing
      1,334 SF

      Restaurant/Retail Space in West Allis

      Restaurant/retail space with patio in new apartment development.
      1468-1482 S 84Th St, West Allis, WI 53214
      View Details
    • Contact for pricing

      Retail Space on West Greenfield

      Retail spaces available for lease on West Greenfield Avenue.
      6702-6852 West Greenfield Ave, West Allis, WI 53214
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Milwaukee, Wisconsin.
      6760 W National Ave, Milwaukee, WI 53214
      View Details
    • Contact for pricing

      Office, Retail, Flex Space Available

      Office, retail, and flex space available in Oak Creek.
      7198-7308 S Millers Way, Oak Creek, WI 53214
      View Details
    Request Owner's contact information
    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.
    1304 60Th St
    West Allis, WI 53214
    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
    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

    Thank You for Inquiry
    1304 60Th St, West Allis, WI, 53214
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!