This exceptional four-tenant shopping center in New Berlin, Wisconsin, presents a compelling investment opportunity. Boasting 12,890 square feet of 100% occupied retail space, the property offers a stable and attractive cash flow with a strong 8.15% capitalization rate and a net operating income (NOI) of $187,439. Built in 2000, the well-maintained center benefits from a prime location at the corner of Moorland Road (28,000+ cars daily) and National Avenue (15,000+ cars daily), situated as an outlot of the Moorland Square shopping center anchored by Pick N Save. The staggered lease terms further enhance the investment's stability. The property serves a substantial market, with a population exceeding 42,000 within a three-mile radius and a median household income over $88,000, ensuring strong tenant demand and long-term value. The asking price is $2,300,000, translating to a price per square foot of $178.43. This stabilized investment offers a rare combination of high occupancy, strong cash flow, and a desirable location in a thriving retail corridor. The property's strategic positioning and robust demographics make it an ideal addition to any investment portfolio. This is a turnkey opportunity for investors seeking immediate returns and long-term growth potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,596,840
6.5%
$2,397,080
7%
$2,225,860
Comparable approach
Method
Valuation
Relative Method
$1,288,330
Geo Method
$1,652,870
Alternative Use
Use
Valuation
Industrial / Distribution
$4,870,050
Retail / Commercial
$2,467,830
Mixed-Use / Specialty
$2,435,780
Hospitality / Lodging
$1,756,770
Office
$2,397,080
Institutional / Educational
$2,523,910
Residential Income
$2,952,980
Multifamily
$3,670,560
Automotive / Energy
$2,163,350
Parking / Income-Based Land
$769,522
Restaurant / Food Service
$1,217,240
Healthcare / Senior Housing
$2,521,690
Location Insight
City
New Berlin
County
Waukesha
State
Wisconsin
Latitude
42.975
Longitude
-88.1078
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Moorland Rd New Berlin, WI 53151
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Moorland Rd New Berlin, WI 53151
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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