Medical Office with Treatment
For Sale
$975,000
208 N Main St, Thiensville, WI 53092
Updated in 2018 with private offices, bathrooms, and a flexible open area.
Property Size2,672 SF
Price / SF$364.90
Days on Market88
Property Features for 208 N Main St
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Commercial
Building Details
Year Built
1996
Year Renovated
2018
Listing Agency:
First Weber Inc -NPW
Listed By:
Katherine Rhyme · License #27574
(920) 819-5468
Source:
Milwaukeeforeverhome
Added: Jul 22
Changed: Oct 1
Last Checked: Oct 16 at 6:22AM
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 First Weber Inc -NPW
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,672-square-foot medical office space was built in 1996 and updated in 2018. The existing layout includes five private treatment rooms, three private offices, two bathrooms, a breakroom, and a reception and waiting area. An open central area provides additional functional space within the suite.
The property is currently configured and used as a health and wellness office. Its combination of enclosed rooms, administrative offices, shared support areas, and flexible open space accommodates the existing setup while allowing consideration of other medical, therapy, wellness, office, or service-based uses supported by the layout.
The property is currently configured and used as a health and wellness office. Its combination of enclosed rooms, administrative offices, shared support areas, and flexible open space accommodates the existing setup while allowing consideration of other medical, therapy, wellness, office, or service-based uses supported by the layout.
Key Highlights
- 2,672 SF medical office space
- Five private treatment rooms
- Three private offices and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,967
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,340
$739.3K
Cap Rate 7%
$528,100
$528.1K
Cap Rate 9%
$410,744
$410.7K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$67.3K $25.20/SF
− Vacancy
−$5.7K −$2.14/SF
EGI
$61.6K $23.06/SF
− OpEx
−$24.6K −$9.22/SF
NOI
$37.0K $13.83/SF
Area
Ozaukee County, WI
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,340
Cap Rate 7%
$528,100
Cap Rate 9%
$410,744
Alternative Uses
Best Use
Healthcare Medical
$528.1K
$462.1K – $616.1K
NOI $36,967 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$484.8K
$424.2K – $565.6K
NOI $33,935 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$629.6K
$550.9K – $734.5K
NOI $44,069 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Balanced
Demand for This Use
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
Similar Off Market Nearby
- Thiensville-Mequon Small Animal Clinic — 425 N Main St, Thiensville, WI 53092
- Mitchell J a DVM — 425 n main st, thiensville, wi 53092
- Thiensville-Mequon Small Anml: Boynar J W DVM — 425 N Main St, Thiensville, WI 53092
- Thiensville-Mequon Small Anml: Brody M DVM — 425 N Main St, Thiensville, WI 53092
- Thiensville-Mequon Small Anml: Carlson J H DVM — 425 N Main St, Thiensville, WI 53092
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated in 2018 with private offices, bathrooms, and a flexible open area.
Where is this medical office space located?
The property is located at 208 N Main St Thiensville, WI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,672 SF medical office space; Five private treatment rooms; Three private offices and two bathrooms
