Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in High-Traffic Area Title is generated by Realmo AI

    22951 Watertown Rd, Pewaukee, WI

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

    Retail space with high visibility and ample parking available for rent.

    Type:RETAIL
    Property size:
    1,061 SF
    Lot size:
    3.50 Acres
    Price / SF:
    $2,591/SF
    Added:
    Nov 23, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 22951 Watertown Rd

    General Information

    Standard status
    Active
    Size
    1,061 SF
    Lot size
    3.50 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 22951 Watertown Rd Contact us

    We can help!

    Listing Contact
    Matthew Klein, CCIM

    Listing agent Matthew Klein, CCIM

    Listing office Suntide Commercial Realty, Inc.

    Listing date Nov 23, 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 Suntide Commercial Realty, Inc.

    HighLights

    • High Traffic Counts: Hwy F boasts 34,700 VPD, and Watertown has 10,400 VPD.
    • Excellent visibility along a high‑traffic corridor, surrounded by corporate offices and near Microsoft and Anthem.
    • B‑5 Zoning allows for a wide range of usages.
    • Great signage opportunity with valuable exposure.
    • Ample parking.
    • Tenant Improvement Package Available.

    Overview

    This retail space benefits from excellent visibility along a high-traffic corridor. The location is surrounded by corporate offices and is near Microsoft and Anthem. Signage opportunities are available, offering valuable exposure. Current tenants include Jimmy John's, Snack Depot, Biggby Coffee, AP Tattoo, and The Crossings Restaurant. Ample parking is available. The B-5 zoning allows for a wide range of usages. High traffic counts are present, with Highway F seeing 34,700 vehicles per day and Watertown Road seeing 10,400 vehicles per day. Tax and CAM charges are $6.36 per square foot (2025). A tenant improvement package is available. The property size is 1,061 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pewaukee
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2292
    Latitude
    43.069

    Nearby Similar for Sale

    • $350,000
      2,004 SF

      Adaptable Property Near Pewaukee Lake

      Adaptable property near Pewaukee Lake with expansion potential.
      316 Oakton Ave, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Learning Experience Retail Investment

      New construction retail property with corporate tenant and rental increases.
      2031 Meadow Lane, Pewaukee, WI 53072
      View Details
    • $4,720,625
      37,765 SF

      Pewaukee Flex/Industrial/Office Space

      37,765 SqFt flex, industrial, and office space for sale.
      N25W23050 Paul Road, Pewaukee, WI 14624-4951
      View Details
    • $750,000
      5,629 SF

      Pewaukee Office Condo For Sale

      Office condo with high visibility and easy access.
      N28W23050 Roundy Dr, Pewaukee, WI
      View Details
    • Contact for pricing

      Retail Space on Capitol Drive

      Retail space with convenient parking and signalized access.
      1390 Capitol Drive | Pewaukee, WI 53072
      View Details
    • Contact for pricing
      10 SF

      Retail Space Near Grocery Store

      Retail property in front of Good Harvest grocery store.
      2177 Silvernail Road | Pewaukee, WI 53072, WI 53072
      View Details
    • $4,975,000
      55,940 SF

      Waukesha Office/Flex/Industrial Opportunity

      Well-maintained office facility convertible to flex or industrial space.
      23255 Paul Rd, Waukesha, WI
      View Details
    • $12,450,000
      214,745 SF

      Pewaukee Industrial Property for Sale

      Industrial property with dock doors, drive-in doors, and outside storage.
      1045 Hickory St, Pewaukee, WI
      View Details
    • Contact for pricing
      45,597 SF

      Pewaukee Retail Property For Sale

      Retail property available for purchase in Pewaukee, Wisconsin.
      2000-2030 Silvernail Rd, Pewaukee, WI
      View Details
    • $265,000
      1,100 SF

      Turn-Key Condo in Pewaukee Village

      Condo with new interior near parks, shops, and restaurants.
      400 Park Hill Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      17,241 SF

      Retail Space Near Capitol Drive

      Retail space for lease with tenant improvement allowance available.
      1231 George Towne Dr, Pewaukee, WI
      View Details
    • Contact for pricing
      59,219 SF

      Pewaukee Warehouse Ready For Rent

      Customizable warehouse facility for rent with quick freeway access.
      22261 Watertown Rd, Pewaukee, WI
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space with high visibility and ample parking available for rent.
    Where is this strip mall located?
    The property is located at 22951 Watertown Rd Pewaukee, WI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: High Traffic Counts: Hwy F boasts 34,700 VPD, and Watertown has 10,400 VPD.; Excellent visibility along a high‑traffic corridor, surrounded by corporate offices and near Microsoft and Anthem.; B‑5 Zoning allows for a wide range of usages.
    (612) 382-3403 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Klein, CCIM
    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
    22951 Watertown Rd, Pewaukee, WI
    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!