Newly Renovated Office
3490 Pewaukee Rd Pewaukee, WI 53072
For Sale
Contact for pricing
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 Market127
Property Features for 3490 Pewaukee Rd
General Information
Standard status
Active
Size
24,312 SF
Property subtype
OFFICE
Listing Agency:
Bear Development
(414) 758-3032
Listed By:
Craig Bartsch
Source:
Moodyscre
Added: Mar 25
Changed: Jul 26
Last Checked: Jul 28 at 4:00PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $603.9k | $24.84 |
| − Vacancy | −$153.9k | −$6.33 |
| EGI | $450.0k | $18.51 |
| − OpEx | −$112.5k | −$4.63 |
| NOI | $337.5k | $13.88 |
24,312 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
