Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Location on Moreland Blvd Title is generated by Realmo AI

    21675 E Moreland Blvd, Waukesha, WI 53186

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility commercial space near top businesses on Moreland Blvd.

    Type:Retail, Office, Special Purpose
    Added:
    Oct 31, 2024
    Days on Market:
    559
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 21675 E Moreland Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Special Purpose

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 21675 E Moreland Blvd Contact us

    Suite 200 $20 /Mo

    Size
    2,500 SF
    Type
    Retail, Office, Special Purpose
    In the process of brand-new white box suite is a blank canvas, ready for its next...
    show more
    Contact us

    Lower Level $10 /Mo

    Size
    4,800 SF
    Type
    Retail, Office, Special Purpose
    Expansive lower-level space offering 4,800 sq ft of build-to-suit potential in a...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Panagakis

    Listing agent Chris Panagakis License #WI000

    Listing office SBM of Wisconsin

    Listing date Oct 31, 2024

    Source Crexi

    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 SBM of Wisconsin

    HighLights

    • Prime location on highly‑traveled Moreland Blvd.
    • Excellent visibility at a bustling intersection.
    • Surrounded by top businesses (Waterstone Bank, AT&T, Starbucks).
    • Ideal for business growth.
    • Built in 1996.
    • Opportunity to secure space in a prime location.

    Overview

    This property is located on Moreland Blvd, offering visibility at a busy intersection. The surrounding area includes businesses such as Waterstone Bank, AT&T, and Starbucks. The property is suitable for growing a business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alex Colque Plastic ... Physician Tom Squier, Shorewest ... Real Estate Agency Rock Picciolo, Shorewest ... Real Estate Agency Sara Reed, Shorewest ... Real Estate Agency Pete Picciolo, Shorewest ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1816879
    Latitude
    43.0295531

    Nearby Similar for Lease

    • $5 SF/Yr

      Waukesha Warehouse/Manufacturing Facility

      Warehouse/manufacturing facility with drive-in, dock access, near downtown Waukesha.
      515 Frederick St, Waukesha, WI 53186
      View Details
    • $70,000 SF/Yr

      Waukesha Retail Space on Main

      Established retail space with strong foot traffic and loyal customers.
      W Confidential St, Waukesha, WI 53186
      View Details
    • Sponsored
      Contact for pricing

      WI, Waukesha - 259 W Broadway

      259 Broadway, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Waukesha

      N19W24400 Riverwood Dr, Unit 350, Waukesha, WI 53188
      View Details
    • $11 SF/Yr

      Modern Office Space Available

      Multi-tenant office property with renovated common areas and ample parking.
      N14W23755 Stone Ridge Drive, Waukesha, WI, 53188
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office buildings with excellent amenities and highway visibility.
      20800 Swenson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office buildings with excellent amenities and highway visibility.
      20700 Swenson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Waukesha Retail Space Available

      Retail spaces available, ranging from 1,708 to 3,478 SqFt.
      20611 Watertown Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing

      Modern Commercial Space in Waukesha

      Like-new commercial property with flexible floor plans and ample parking.
      N8 W22195 Johnson Dr, Waukesha, WI 53186
      View Details
    • $17 SF/Yr

      Waukesha Office Space Available

      Office space available for lease in Waukesha, Wisconsin.
      2831 N Grandview Blvd, Waukesha, WI
      View Details
    • $16 SF/Yr

      Waukesha Freestanding Mixed-Use Building

      Versatile live/work or office space in Waukesha.
      1826 E Main St, Waukesha, WI
      View Details
    • Contact for pricing

      Former Salon Space Available

      Former salon space with plumbing and open-concept layout.
      1714-1718 Manhattan Drive, Waukesha, WI 53186
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial space near top businesses on Moreland Blvd.
    Where is this retail space located?
    The property is located at 21675 E Moreland Blvd Waukesha, WI.
    What are key features of this property?
    This property features: Prime location on highly‑traveled Moreland Blvd.; Excellent visibility at a bustling intersection.; Surrounded by top businesses (Waterstone Bank, AT&T, Starbucks).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Panagakis
    Real Estate License ID: WI000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    21675 E Moreland Blvd, Waukesha, WI 53186
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!