10506 Bluemound Rd Wauwatosa, WI 53226-4332
This exceptional 4,960 square foot mixed-use building, located at 10506 W Bluemound Rd in Wauwatosa, Wisconsin, presents a unique investment opportunity. The property, situated on a 0.23-acre lot (APN 4100105004), boasts a convenient central location directly across from the Milwaukee County Zoo, ensuring high visibility and accessibility. Built in 1970 and renovated in 2005 (ongoing), this two-story structure features a creative office/retail layout. The first floor offers flexible space ideal for retail or office use, with potential for expansion. The rear section, a two-story area, includes a 10-foot overhead door, perfect for service-based businesses requiring loading capabilities. The building is constructed of masonry and benefits from three rooftop HVAC units, a ballasted membrane roof, and municipal utilities. Power is supplied by 240v 3-phase electricity. Ample parking is provided in a controlled private lot accommodating 8-9 vehicles. A pole sign on Bluemound Road offers excellent signage opportunities. The property is zoned AA Business and enjoys high traffic volume, with 23,450 average daily traffic counts (2019 data). Real estate taxes for 2022 were $11,654.96. This vacant property is priced at $749,000 and offers significant potential for a variety of businesses.
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Wauwatosa, WIThe C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.