Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2675 N Mayfair Rd Wauwatosa, WI 53226

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($2,039 /Mo)

    Office space for rent near Mayfair Mall with parking.

    Property size:
    2,039 SF
    Lot size:
    2.09 Acres

    Property Features for 2675 N Mayfair Rd

    General Information

    Size
    2,039 SF
    Lot size
    2.09 Acres

    We can help!

    Listing Contact
    Ned Purtell
    Source: Moodyscre

    Listing Agency: Founders 3 Real Estate Services - Corporate Listing Agent: Ned Purtell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wauwatosa Office Space For Rent

    This office space, totaling 2,039 square feet, is available for rent. The property benefits from free, secure underground parking. It is located within walking distance of Mayfair Mall and offers convenient access to public transportation. The location is also minutes away from Hwy 45/41. Additional features include available storage space and a new first-floor common conference room. Monument signage is also available. The property benefits from strong, local ownership.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wauwatosa
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0486734
    Latitude
    43.0669993

    Nearby Similar for Lease

    • Contact for pricing

      Prime Office Space at Mayfair

      Highly visible office space with excellent access and amenities.
      2600 North Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing

      Office Space at Mayfair

      Office space with direct access to Mayfair Mall.
      2500 North Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing
      1,241,421 SF

      Wauwatosa Industrial Mega-Space

      Massive industrial space, flexible lease options.
      3300 124 St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      1,368,231 SF

      Wauwatosa Industrial Space For Lease

      Massive industrial space, multiple tenants, heavy power.
      11800 Burleigh St, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      3,660 SF

      Class A Office Space Available

      Single-story office building in Milwaukee County Research Park.
      10200 Innovation Dr, Wauwatosa, WI 53226
      View Details
    • $14 SF/Yr
      81,902 SF

      Wauwatosa Executive Office Space

      Prestigious Office Suites Available Now
      3333 Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $33 SF/Yr
      25,327 SF

      Wauwatosa Office Space For Lease

      Executive & Medical Suites Available Now
      11450 Burleigh St, Wauwatosa, WI 53222
      View Details
    • $14 SF/Yr
      16,842 SF

      Wauwatosa Executive Office Space

      Prime Wauwatosa Office, 16,842 SF Available
      10045 Lisbon Ave, Wauwatosa, WI 53222
      View Details
    • Contact for pricing
      6,186 SF

      Wauwatosa Executive Office Suites

      Prime Wauwatosa Office Space Available
      830 109 St, Wauwatosa, WI 53226
      View Details
    • $10 SF/Yr
      20,550 SF

      Wauwatosa Executive Office Suites

      Prime Wauwatosa location, flexible office space.
      730 109 St, Wauwatosa, WI 53226
      View Details
    • Contact for pricing
      54,071 SF

      Mayfair Medical Office Building For Lease

      Wauwatosa medical office space available. Multiple suites, ample parking.
      3077 Mayfair Rd, Wauwatosa, WI 53222
      View Details
    • $20 SF/Yr
      4,182 SF

      Wauwatosa Executive Office Suite

      Prime Wauwatosa Office Space Available
      7610 State St, Wauwatosa, WI 53213
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent near Mayfair Mall with parking.
    Where is this office space located?
    The property is located at 2675 N Mayfair Rd Wauwatosa, WI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Walking distance to Mayfair Mall; - Free, secure underground parking; - Minutes away from Hwy 45/41
    (414) 801-3999
    Request Owner's contact information
    2675 N Mayfair Rd Wauwatosa, WI 53226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2675 N Mayfair Rd
    Wauwatosa, WI 53226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2675 N Mayfair Rd Wauwatosa, WI 53226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ned Purtell
    (414) 801-3999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.