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1322 S 10th St 7,858 SF 100% Leased Retail Building Milwaukee, WI 53204 $750,000 ($95.44/SF) 8.80% Cap Rate
Executive Summary
Approximately 8057 sq ft flex office/warehouse building in Walker's Point. Long-term Tenants are in the process of signing new 3 year NNN leases(1/3 complete), $5500/month base rent, $7794.40 total per month(including TICAM). Seller willing to offer seller financing up to 20% for full-price offer.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$8.40
|
| Other Income |
$27,568
|
$3.51
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,568
|
$11.91
|
| Taxes |
$8,936
|
$1.14
|
| Operating Expenses |
$18,632
|
$2.37
|
| Total Expenses |
$27,568
|
$3.51
|
| Net Operating Income |
$66,000
|
$8.40
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $8.40 |
| Other Income | |
|---|---|
| Annual | $27,568 |
| Annual Per SF | $3.51 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,568 |
| Annual Per SF | $11.91 |
| Taxes | |
|---|---|
| Annual | $8,936 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $18,632 |
| Annual Per SF | $2.37 |
| Total Expenses | |
|---|---|
| Annual | $27,568 |
| Annual Per SF | $3.51 |
| Net Operating Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $8.40 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,858 SF
Building Class
C
Year Built
1905
Price
$750,000
Price Per SF
$95.44
Cap Rate
8.80%
NOI
$66,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.75
Lot Size
0.24 AC
Zoning
RB40
Frontage
Amenities
- Corner Lot
- Security System
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 432-0082-111 | Total Assessment | $313,400 (2025) |
| Land Assessment | $15,700 (2025) | Annual Taxes | $8,936 ($1.14/SF) |
| Improvements Assessment | $297,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
432-0082-111
Land Assessment
$15,700 (2025)
Improvements Assessment
$297,700 (2025)
Total Assessment
$313,400 (2025)
Annual Taxes
$8,936 ($1.14/SF)
Tax Year
2026
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Contact the Sale Advisor
1322 S 10th St