3830 Moorland RdNew Berlin, WI 53151

Property Details for 3830 Moorland Rd

Year built

2000

Lot size

1.19 AC

Property size (Sq ft)

12,690 SF

Zone code

B1

Property type

Other commercial real estate

APN

NBC 1207961

APU

NBC1207961

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,622,692

  Hospitality

  $2,402,372

  Educational

  $1,998,745

  Medical

  $2,067,485

  Retail

  $3,109,159

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

Property Tax & Assessments

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