Mequon Commercial Building For
For Sale
Contact for pricing
Pending
10040-46 N Port Washington Rd, Mequon, WI 53092
High-visibility commercial building with ample parking and modern design.
Property Size7,500 SF
Days on Market505
Property Features for 10040-46 N Port Washington Rd
General Information
Standard status
Pending
Size
7,500 SF
Total Parking Spaces
45
Property subtype
Retail, Office
Zoning
LB2
Occupancy
60%
Lease Type
Modified Gross
Building Details
Year Built
1990
Stories
2
Tenancy
Multi
Listing Agency:
Outlook Management Group LLC
(414) 435-0264
Listed By:
Ray Balfanz · License #WI
Source:
Crexi
Added: Apr 9, 2025
Changed: Aug 8
Last Checked: Jul 24 at 9:08AM
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 Outlook Management Group LLC
Investment Insights
Based on property information with market context.
This 7,500 square foot commercial building is located right off I-43 and offers high visibility with great traffic counts. The building features a clean and modern design and ample parking. Area retailers include Sendik's, Metro Market, Sears, Home Depot, Panera Bread, US Bank, Bank Mutual and Aurora Healthcare.
Key Highlights
- High visibility with great traffic counts
- Right off I‑43
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,952
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,939,040
$1.9M
Cap Rate 7%
$1,385,029
$1.4M
Cap Rate 9%
$1,077,244
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$142.2K $18.96/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$138.5K $18.47/SF
− OpEx
−$41.6K −$5.54/SF
NOI
$97.0K $12.93/SF
Area
Ozaukee County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,939,040
Cap Rate 7%
$1,385,029
Cap Rate 9%
$1,077,244
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $96,952 @ 7.0% cap · market cap 8.43%
Second Best
Office B
$1.36M
$1.19M – $1.59M
NOI $95,253 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,696 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 53092, WI
21,052
Population
8,983
Households
2.3
Avg Household Size
50
Median Age
69%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
1,037
Density / Sq Mi
$126,431
Median Household Income
$70,327
Median Earnings
$1,962
Median Rent
$440,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - High-visibility commercial building with ample parking and modern design.
Where is this retail property located?
The property is located at 10040-46 N Port Washington Rd Mequon, WI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High visibility with great traffic counts; Right off I‑43; Ample parking available
