Turn-Key Condo in Pewaukee
400 Park Hill Dr Pewaukee, WI 53072
400 Park Hill Dr, Pewaukee, WI, 53072
$265,000
For Sale
$265,000
Condo with new interior near parks, shops, and restaurants.
Property Size1,100 SF
Price / SF$240.91
Days on Market486
Property Features for 400 Park Hill Dr
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1978
Listing Agency
Shorewest Realtors, Inc.
(608) 216-5020
Listed by
Joelle A. Gosda · License #91372-94
(608) 216-5020
Source
Exitrealty
Added: Mar 20, 2025 Checked: Jul 17 at 4:37 am
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This turn-key condo is located near the parks, beachfront, promenade of shops, and restaurants of Pewaukee Village. The property features a completely new interior, including painted surfaces, new fixtures, hardware, woodwork, shower doors, and new flooring throughout. Situated in a bright corner location, it opens to a patio that leads to walkways and adjacent parklands. The property provides convenient access to the basement, underground parking, and a walk-in storage unit. The property size is 1100 square feet.
Key Highlights
- Turn‑key condition with completely new interior, including paint, fixtures, hardware, woodwork, shower doors, and flooring.
- Prime location in Pewaukee Village, offering immediate access to parks, beachfront promenade, shops, and restaurants.
- Bright corner unit with patio access leading to walkways and adjacent parklands.
Local Financial Insights For Apartment 5plus
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 | $22.2k | $20.16 |
| − Vacancy | −$931 | −$0.85 |
| EGI | $21.2k | $19.31 |
| − OpEx | −$9.6k | −$8.69 |
| NOI | $11.7k | $10.62 |
1,100 SF · lease $20.16/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.1K – $194.8K
NOI $11,685 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$561.4K
$491.2K – $655.0K
NOI $39,299 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Condo with new interior near parks, shops, and restaurants.
Where is this residential income property located?
The property is located at 400 Park Hill Dr Pewaukee, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Turn‑key condition with completely new interior, including paint, fixtures, hardware, woodwork, shower doors, and flooring.; Prime location in Pewaukee Village, offering immediate access to parks, beachfront promenade, shops, and restaurants.; Bright corner unit with patio access leading to walkways and adjacent parklands.
