Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    128 Silver Lake Plz Oconomowoc, WI 53066

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Leased retail and apartment units in Oconomowoc, Wisconsin.

    Property size:
    6,319 SF
    Lot size:
    0.64 Acres

    Property Features for 128 Silver Lake Plz

    General Information

    Size
    6,319 SF
    Lot size
    0.64 Acres

    We can help!

    Listing Contact
    Colleen Geiger
    Colleen Geiger
    Source: Moodyscre

    Listing Agency: Judson & Associates, S.C. Listing Agent: Colleen Geiger

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

    Learn more

    Property Insight Report

    Overview

    Retail and Apartment Investment Property

    This property features a combination of retail and residential spaces. The building includes two retail spaces located on the main level, complemented by two apartments situated on the upper level. The property has a total size of 6,319 square feet. Currently, the property is fully leased, indicating immediate income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mutual of Omaha Insurance ... Insurance Agency Brickview Tattoo Tattoo & Piercing Shop Business Accounting & Tax ... Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office 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
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.4961978
    Latitude
    43.1091696

    Nearby Similar for Sale

    • Contact for pricing
      93 SF

      Retail Property Anchored by Piggly Wiggly

      Retail property with high-traffic Piggly Wiggly and convenient highway access.
      1280 Brown St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      123 SF

      Walgreens Anchored Shopping Center

      Established shopping center with unobstructed visibility and multiple access points.
      1021-1111 Summit Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      12,794 SF

      Leased Commercial Office/Retail Building

      Fully leased commercial building with office and retail spaces.
      105 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      2,218 SF

      Mixed-Use Building with Recent Renovations

      Retail space and apartments with 2023 renovations.
      113-115 S Main St, Oconomowoc, WI 53066
      View Details
    • $3,000,000
      40,835 SF

      Corporate Center Drive Office Building

      40,835 SF Office/Flex Space, Oconomowoc, WI
      1190 Corporate Center Dr, Oconomowoc, WI 53066
      View Details
    • $275,000
      2,920 SF

      Oconomowoc Storage Facility Investment

      24-Unit Storage, High Demand, Turn-Key
      115 Silver Lake St, Oconomowoc, WI 53066
      View Details
    • $1,850,000
      3.00 Acres

      Lake Country Restaurant - Oconomowoc

      Established Restaurant, 3 Acres, High Clientele
      Confidential, Oconomowoc, WI 53066
      View Details

    FAQs

    What type of property is this?
    Retail space - Leased retail and apartment units in Oconomowoc, Wisconsin.
    Where is this retail space located?
    The property is located at 128 Silver Lake Plz Oconomowoc, WI.
    What are key features of this property?
    This property features: - 100% Leased investment property; - Two retail spaces on the main level offer diverse income streams; - Two upper level apartments provide additional rental income
    (262) 695-8800 Call to check price and availability
    Request Owner's contact information
    128 Silver Lake Plz Oconomowoc, WI 53066
    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.
    128 Silver Lake Plz
    Oconomowoc, WI 53066
    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
    128 Silver Lake Plz Oconomowoc, WI 53066
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colleen Geiger
    Colleen Geiger
    Real Estate License ID: 9750194
    (262) 695-8800 (414) 801-9480
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!