13198 National Ave New Berlin, WI 53151-4068
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B2 · New Berlin, WINew Berlin. Always verify with local authorities before improvements.
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.