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Property profile & analytics
OFF-MARKET Estimated value $690,000
Commercial real estate

13198 National Ave New Berlin, WI 53151-4068

4,848 SF 0.36 ac lot Built 1958
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0835159
Property summary
AI-generated overview

This exceptional mixed-use property, located at 13198 W National Ave in New Berlin, Wisconsin, presents a compelling investment opportunity. The 8,042 square foot building sits on a 0.36-acre lot and offers a versatile layout ideal for a variety of uses. The property features two prominent street-facing storefronts, perfect for retail or showroom space, complemented by a substantial rear warehouse area. The warehouse boasts two overhead entry doors and a convenient loading dock, enhancing operational efficiency. Recent improvements significantly enhance the property's appeal. These include a complete tear-off rubber roof replacement in 2023, fresh exterior paint, and a newly paved parking lot. Interior upgrades are equally impressive, featuring updated bathrooms, fresh interior paint, and new drywall. The building's highly visible location on W National Ave ensures excellent exposure and accessibility. The flexible floor plan allows for either single-occupancy use or the potential to lease out multiple spaces, providing diverse income streams. This property is an excellent choice for an owner-occupier seeking a combined retail and warehouse space or an investor looking for a strong return on investment in a thriving Wisconsin market. The asking price is $899,000. The property is zoned for retail, office, industrial, mixed-use, and special purpose uses. This is a rare opportunity to acquire a well-maintained, updated property in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Total area 4,848 SF
Lot 0.36 ac (15,682 SF)
Zoning code B2
APN NBC 1200947
UPID US92-0835159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
$885k
Comparable Approach Comparable
$734k
Blend (final) Blend
$690k
Owner & transaction history
Sorensen Properties LLC · 1 yrs held
Sorensen Properties LLC
since 2025
Last sale
$775,000
4 recorded transactions
2025
$775,000
2021
$300,000
2019
Price N/A
2000
Price N/A
Zoning & alternative use
B2 · New Berlin, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $985,000 +68.7%
Retail stores $615,000 +5.8%
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