Prime Redevelopment Opportunity on
11920-11924 N Port Washington Rd Mequon, WI
11920-11924 N Port Washington Rd, Mequon, WI, 00000
Contact for pricing
For Sale
Contact for pricing
Boutique retail office location with high visibility and traffic.
Property Size5,807 SF
Lot Size1.02 Acres
Price / SF$344.41
Days on Market1372
Property Features for 11920-11924 N Port Washington Rd
General Information
- Standard status
- Active
- Size
- 5,807 SF
- Lot size
- 1.02 Acres
- Property subtype
- OFFICE
Properties For Sale
at 11920-11924 N Port Washington Rd Contact us
Listing Agency
Founders 3 Real Estate Services - Corporate
(414) 801-3999
Listed by
Ned Purtell · License #8084494
(414) 801-3999
Source
Moodyscre
Added: Oct 18, 2022 Checked: Jul 19 at 5:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Founders 3 Real Estate Services - Corporate
Investment Insights
Based on property information with market context.
This property presents a rare boutique retail office location with redevelopment potential, offering the option to utilize the existing structure or develop the site. Situated in a prime location on Port Washington Road, the property benefits from high visibility and traffic counts of 11,900 AADT (Annual Average Daily Traffic). The site is approximately equidistant from two major interchanges, Mequon Road and Highland, the latter of which is currently under construction. The property has a size of 5807 square feet and is suitable for office and retail purposes.
Key Highlights
- Premier Port Washington Road location
- High visibility ensures your business gets noticed
- High traffic counts of 11,900 AADT
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.1k | $18.96 |
| − Vacancy | −$2.9k | −$0.49 |
| EGI | $107.2k | $18.47 |
| − OpEx | −$32.2k | −$5.54 |
| NOI | $75.1k | $12.93 |
5,807 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$938.3K – $1.25M
NOI $75,067 @ 7.0% cap · market cap 3.75%
Second Best
Office B
$1.05M
$921.9K – $1.23M
NOI $73,751 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,774 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Boutique retail office location with high visibility and traffic.
Where is this office building located?
The property is located at 11920-11924 N Port Washington Rd Mequon, WI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Premier Port Washington Road location; High visibility ensures your business gets noticed; High traffic counts of 11,900 AADT
