Two-Unit Historic Office
2088 Washington Ave, Cedarburg, WI 53012
For Sale
$450,000
Two separately accessed office levels provide dedicated HVAC and electrical service for flexible occupancy.
Property Size2,872 SF
Price / SF$156.69
Days on Market52
Property Features for 2088 Washington Ave
General Information
Standard status
Size
Additional Details
Office Units
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX United - Port Washington
Listed By:
Michael Didier · License #61593-094
(414) 573-0018
Source:
Nikolicgroup
Added: Sep 19
Changed: Nov 6
Last Checked: Oct 7 at 4:51PM
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 RE/MAX United - Port Washington
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.
Built in 1890, this office property is arranged across two levels with a private entrance for each unit. Each level has its own furnace, central air, and 200-amp electrical service, supporting distinct occupancy and operational control. Interior character includes maple flooring, tin ceilings, detailed millwork, and pocket doors. On-site parking is also provided.
The property is located at 2088 Washington Ave in Cedarburg, with access to West Bend, Grafton, Saukville, Jackson, and Mequon. Its two-unit configuration suits office users seeking separate entrances or an owner planning to occupy one level while using the other independently.
The property is located at 2088 Washington Ave in Cedarburg, with access to West Bend, Grafton, Saukville, Jackson, and Mequon. Its two-unit configuration suits office users seeking separate entrances or an owner planning to occupy one level while using the other independently.
Key Highlights
- Two office units arranged on separate levels
- Each level includes a private entrance, furnace, and central air
- 200‑amp electrical service provided to each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,475
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,500
$729.5K
Cap Rate 7%
$521,071
$521.1K
Cap Rate 9%
$405,278
$405.3K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$57.6K $20.04/SF
− Vacancy
−$8.9K −$3.11/SF
EGI
$48.6K $16.93/SF
− OpEx
−$12.2K −$4.23/SF
NOI
$36.5K $12.70/SF
Area
Ozaukee County, WI
Vacancy
15.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,500
Cap Rate 7%
$521,071
Cap Rate 9%
$405,278
Alternative Uses
Best Use
Office B
$521.1K
$455.9K – $607.9K
NOI $36,475 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.7K
$592.1K – $789.5K
NOI $47,367 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two separately accessed office levels provide dedicated HVAC and electrical service for flexible occupancy.
Where is this office building located?
The property is located at 2088 Washington Ave Cedarburg, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two office units arranged on separate levels; Each level includes a private entrance, furnace, and central air; 200‑amp electrical service provided to each level
