Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elm Grove Office Space Available Title is generated by Realmo AI

    500 Elm Grove Rd, Elm Grove, WI 53122

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with 24-hour access and storage.

    Type:OFFICE
    Property size:
    3,255 SF
    Lot size:
    2.37 Acres
    Added:
    Sep 4, 2024
    Days on Market:
    621
    Last Refresh:
    Apr 5 at 8:27 pm

    Property Features for 500 Elm Grove Rd

    General Information

    Standard status
    Active
    Size
    3,255 SF
    Lot size
    2.37 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 500 Elm Grove Rd Contact us

    We can help!

    Listing Contact
    Jenna Maguire
    Jenna Maguire

    Listing agent Jenna Maguire

    Listing office Colliers - Milwaukee

    Listing date Sep 4, 2024

    Source Moodyscre

    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 Colliers - Milwaukee

    HighLights

    • Convenient access to local restaurants and retailers
    • 24‑hour access with keypad and intercom security
    • On‑site storage options
    • Prominent monument signage available

    Overview

    This property offers office space with 24-hour access, facilitated by keypad and intercom security systems for after-hour visitors. On-site storage options are available. Prominent monument signage is also available. The location provides convenient access to local restaurants and retailers. The property size is 3,255 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maribeth Sadie, PHD Physician Northwestern Mutual Financial Advisor Northwestern Mutual - Ronald ... Insurance Agency The Leist Group, LLC Accounting Firm Stafda Association / Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elm Grove
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.076
    Latitude
    43.0363

    Nearby Similar for Lease

    • Contact for pricing

      Prime Elm Grove Retail Space

      Endcap with drive-thru and second generation restaurant space available.
      12850 West Bluemound Road, Elm Grove, WI 53122
      View Details
    • $18 SF/Yr
      2,630 SF

      Elm Grove Office Space

      Office space available for lease in Elm Grove, Wisconsin.
      700 Pilgrim Pkwy, Elm Grove, WI
      View Details
    • $19 SF/Yr
      4,650 SF

      Elm Grove Office Space Available

      4,650 square feet of office space for lease.
      15255 Watertown Plank Rd, Elm Grove, WI
      View Details
    • Contact for pricing

      Retail/Office Space in Elm Grove

      Highly visible retail or office space available for sublease.
      12960 W. Bluemound Road, Elm Grove, WI 53122
      View Details
    • Contact for pricing
      5,758 SF

      Elm Grove Office Space

      Office space available in Elm Grove, Wisconsin.
      740 Pilgrim Pkwy, Elm Grove, WI
      View Details
    • Contact for pricing

      Elm Grove Office Space

      Office space available for lease in Elm Grove, Wisconsin.
      15255 Watertown Plank Rd, Elm Grove, WI 53122
      View Details
    • Contact for pricing

      Tradesman Building Office Space Available

      Unique office spaces with original charm and convenient location.
      500 Elm Grove Rd, Elm Grove, WI 53122
      View Details
    • Contact for pricing

      Ideally Located Office Building

      Office building on the edge of Elm Grove and Brookfield.
      15285 Watertown Plank Rd, Elm Grove, WI 53122
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      12850-12960 W Bluemound Road, Elm Grove, WI 53122
      View Details
    • Contact for pricing

      Elm Grove Mixed-Use Opportunity

      Prime mixed-use site in the Village of Elm Grove.
      13180-13200 Watertown Plank Road, Elm Grove, WI 53122
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with 24-hour access and storage.
    Where is this office units located?
    The property is located at 500 Elm Grove Rd Elm Grove, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to local restaurants and retailers; 24‑hour access with keypad and intercom security; On‑site storage options
    (414) 276-9500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jenna Maguire
    Jenna Maguire
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    500 Elm Grove Rd, Elm Grove, WI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!