Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 S Grand Ave Waukesha, WI 53186

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    11,989 SqFt retail and office property for sale.

    Property size:
    11,989 SF
    Lot size:
    0.53 Acres

    Property Features for 501 S Grand Ave

    General Information

    Standard status
    Active
    Size
    11,989 SF
    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    Blake Gaffney
    Blake Gaffney
    Source: Crexi

    Listing Agency: Colliers - Milwaukee, Wisconsin Listing Agent: Blake Gaffney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Waukesha Retail and Office Space

    This commercial real estate property features 11,989 square feet of space suitable for retail and office use. The property is currently listed for sale and has a capitalization rate of 7.40%.
    Location Intelligence

    Current Use by Public Records

    Diabetic Shoppe Pharmacy ValuCare Pharmacy Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2316317
    Latitude
    42.9977699

    Nearby Similar for Sale

    • $429,000
      0.57 Acres

      Waukesha Duplex: Investment Opportunity

      Well-maintained Waukesha duplex with month-to-month tenants and recent updates.
      1542 Whiterock Ave, Waukesha, WI 53186
      View Details
    • New
      $229,900
      0.19 Acres

      Waukesha Multifamily Rehab Opportunity

      Four-unit multifamily property in Waukesha, ideal for investors/contractors.
      206 Maple Ave, Waukesha, WI 53186
      View Details
    • $299,900
      0.22 Acres

      Waukesha Duplex Investment Opportunity

      Duplex in Waukesha with immediate cash flow potential.
      512 E Main St, Waukesha, WI 53186
      View Details
    • $1,750,000

      Restaurant Property in High-Traffic Area

      Restaurant property with drive-thru, patio, and high visibility.
      2423 Kossow Rd, Vernon, WI 53186
      View Details
    • Contact for pricing

      Waukesha Retail Strip Center

      100% occupied retail strip center in affluent Milwaukee suburb.
      120 E Sunset Dr, Waukesha, WI 53186
      View Details
    • $1,225,000
      15,728 SF

      Waukesha Office Space For Rent

      Office space near Waukesha County Courthouse and downtown area.
      707 W Moreland Blvd, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Waukesha Office Building Investment

      Modern office building in Waukesha, WI, with flexible floor plan.
      N19W24101 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing
      2,570 SF

      New Starbucks in Waukesha, WI

      New 2,570 SF Starbucks with drive-thru on Sunset Drive.
      151 W Sunset Dr, Waukesha, WI 53189
      View Details
    • $5,850,000
      10,087 SF

      Waukesha Retail Learning Experience Property

      Corporate learning experience property for sale in Waukesha, Wisconsin.
      2031 Meadow Ln, Waukesha, WI 53188
      View Details
    • Contact for pricing
      1,918 SF

      New Three-Bedroom Home in Waukesha

      New construction home with open layout, modern finishes, and private entrance.
      1432 Tenny Ave, Waukesha, WI 53189
      View Details
    • Contact for pricing
      1,902 SF

      Move-In Ready Condo in Waukesha

      Three-bedroom, two-bath condo with modern features and attached garage.
      2844 Fox Lake Cir, Waukesha, WI 53189
      View Details
    • Contact for pricing

      Prime Retail Outparcel Opportunity

      Highly visible retail outparcel adjacent to Sendik's in Waukesha.
      601 Meadowbrook Rd, Waukesha, WI 54318
      View Details

    FAQs

    What type of property is this?
    Retail property - 11,989 SqFt retail and office property for sale.
    Where is this retail property located?
    The property is located at 501 S Grand Ave Waukesha, WI.
    What are key features of this property?
    This property features: - 7.40% CAP Rate; - 11,989 SqFt of retail space; - Retail Property
    Request Owner's contact information
    501 S Grand Ave Waukesha, WI 53186
    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.
    501 S Grand Ave
    Waukesha, WI 53186
    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
    501 S Grand Ave Waukesha, WI 53186
    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

    We can help!
    Listing Contact
    Blake Gaffney
    Blake Gaffney
    Real Estate License ID: 9734594
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!