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    Oconomowoc Retail Portfolio For Sale Title is generated by Realmo AI

    203 E Wisconsin Ave, Oconomowoc, WI

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    Portfolio of four retail properties totaling 37,371 square feet.

    Type:RETAIL
    Property size:
    37,371 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $157/SF
    Added:
    Jun 19, 2025
    Days on Market:
    347
    Last Refresh:
    May 19 at 9:06 pm

    Property Features for 203 E Wisconsin Ave

    General Information

    Standard status
    Active
    Size
    37,371 SF
    Lot size
    0.64 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Cole Russell
    Cole Russell

    Listing agent Cole Russell License #9750194

    Listing office Judson & Associates, S.C.

    Listing date Jun 19, 2025

    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 Judson & Associates, S.C.

    HighLights

    • Portfolio package of multiple properties
    • Includes property at 203 E Wisconsin Ave, Oconomowoc, WI
    • Includes property at 105 E Wisconsin Ave, Oconomowoc, WI
    • Includes property at 113‑115 S Main St, Oconomowoc, WI
    • Includes property at 128 Silver Lake Plaza, Oconomowoc, WI
    • Properties located in Oconomowoc, WI

    Overview

    This offering comprises a portfolio package featuring four distinct retail properties located in Oconomowoc, WI. The portfolio includes 203 E Wisconsin Ave, a 16,040 square foot property; 105 E Wisconsin Ave, a 12,794 square foot property; 113-115 S Main St, a 2,218 square foot property; and 128 Silver Lake Plaza, a 6,319 square foot property. The combined area of these properties totals 37,371 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Soleil Lune Yoga ... Gym & Fitness Center Creative Healing Arts ... Counselor Olive&Cline (Bike/Boat/Book/etc) Store 5 Star Cards ... (Bike/Boat/Book/etc) Store Bubbles and Bourbon Lounge Bar & Pub

    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
    -88.4969
    Latitude
    43.1102

    Nearby Similar for Sale

    • $1,400,000
      12,794 SF

      Leased Commercial Office/Retail Building

      Fully leased commercial building with office and retail spaces.
      105 E Wisconsin Ave, Oconomowoc, WI
      View Details
    • $3,600,000
      41,857 SF

      Industrial Property with Established Tenants

      Well-maintained industrial property with stable income and functional features.
      856 Armour Road, Oconomowoc, WI 53066
      View Details
    • $649,000
      2,218 SF

      Mixed-Use Building with Recent Renovations

      Retail space and apartments with 2023 renovations.
      113-115 S Main St, Oconomowoc, WI
      View Details
    • $879,000
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI
      View Details
    • $349,900
      1,658 SF

      Oconomowoc Duplex Opportunity

      Duplex in Oconomowoc with two 2-bedroom units.
      138 W 2nd St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      93 SF

      Retail Property Anchored by Piggly Wiggly

      Retail property with high-traffic Piggly Wiggly and convenient highway access.
      1280 Brown Street | Oconomowoc, WI 53066, 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 Avenue | Oconomowoc, WI 53066, WI 53066
      View Details

    FAQs

    What type of property is this?
    Retail property - Portfolio of four retail properties totaling 37,371 square feet.
    Where is this retail property located?
    The property is located at 203 E Wisconsin Ave Oconomowoc, WI.
    What is the asking price?
    The asking price for this property is $5,878,000.
    What are key features of this property?
    This property features: Portfolio package of multiple properties; Includes property at **203 E Wisconsin Ave, Oconomowoc, WI**; Includes property at **105 E Wisconsin Ave, Oconomowoc, WI**
    (262) 695-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cole Russell
    Cole Russell
    Real Estate License ID: 9750194
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    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
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