Newly Renovated Office
For Sale
Contact for pricing
3490 Pewaukee Rd, Pewaukee, WI 53072
Newly renovated office facility offers ample on-site parking and a versatile professional-services tenant setup.
Property Size24,312 SF
Price / SF$163.50
Days on Market219
Property Features for 3490 Pewaukee Rd
General Information
Standard status
Active
Size
24,312 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2023
Listing Agency:
Bear Development
(262) 697-9616
Listed By:
Craig Bartsch
(414) 758-3032
Source:
Moodyscre
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 28 at 10:50AM
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 Bear Development
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Investment Insights
Based on property information with market context.
This office facility was newly renovated in 2023 and is offered for sale with ample parking for employees and visitors. The property is designed to support a range of office uses, including professional services, insurance and financial services, legal and title, accounting, healthcare administration or therapy, and regional sales and service office operations.
The facility is located near retail, restaurant, and hospitality amenities, and it is approximately 2 miles from I-94 for convenient regional access.
Ideal for office tenants seeking a recently updated work environment, the property’s configuration is centered on practical administrative and service-office use.
The facility is located near retail, restaurant, and hospitality amenities, and it is approximately 2 miles from I-94 for convenient regional access.
Ideal for office tenants seeking a recently updated work environment, the property’s configuration is centered on practical administrative and service-office use.
Key Highlights
- Newly renovated office facility (renovated in 2023)
- Ample on‑site parking
- About 2 miles to I‑94
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,525
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,750,500
$6.8M
Cap Rate 7%
$4,821,786
$4.8M
Cap Rate 9%
$3,750,278
$3.8M
Market Conditions
NOI Build-Up for 24,312 SF
Gross rent
$603.9K $24.84/SF
− Vacancy
−$153.9K −$6.33/SF
EGI
$450.0K $18.51/SF
− OpEx
−$112.5K −$4.63/SF
NOI
$337.5K $13.88/SF
Area
Waukesha County, WI
Vacancy
25.48%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,750,500
Cap Rate 7%
$4,821,786
Cap Rate 9%
$3,750,278
Alternative Uses
Best Use
Office B
$4.82M
$4.22M – $5.63M
NOI $337,525 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$12.41M
$10.86M – $14.48M
NOI $868,569 @ 7.0% cap · market cap 21.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 53072, WI
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
896
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Newly renovated office facility offers ample on-site parking and a versatile professional-services tenant setup.
Where is this office building located?
The property is located at 3490 Pewaukee Rd Pewaukee, WI.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Newly renovated office facility (renovated in 2023); Ample on‑site parking; About 2 miles to I‑94
