Add Listing
    For Lease
    • 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

    W239 Rockwood Dr Waukesha, WI 53188

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

    Prime Waukesha office, 3,534 sq ft available.

    Lot size:
    37,900 SF

    Property Features for W239 Rockwood Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,900 SF
    Total Rate
    69483.33

    Building Details

    Buildings
    1
    Stories
    2

    Spaces For Lease

    at W239 Rockwood Dr, Waukesha, WI 53188 Contact us
    Unit Space 1

    $22 /Mo

    Size
    3,534 SF
    Contact us

    We can help!

    Listing Contact
    Brandon Ciebell
    Brandon Ciebell

    Listing Agency: Colliers - Milwaukee, Wisconsin Listing Agent: Brandon Ciebell

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

    Learn more

    Overview

    This exceptional office space, located at W239 N1812 Rockwood Drive in Waukesha, Wisconsin, 53188, offers a fantastic opportunity for businesses seeking a modern and efficient workspace. The property is a two-story building totaling 37,900 square feet, with this specific suite comprising 3,534 square feet on the first floor. This is a single, contiguous space, perfect for a variety of office configurations. The suite boasts a convenient direct entrance, enhancing accessibility and privacy. The building itself features a traditional office design, ideal for professional settings. The available space represents the entirety of the vacant square footage within the building. This is a multi-tenant building, although this particular suite is currently the only available space. Interested parties should note that the minimum leasable space is 3,534 square feet, and the maximum contiguous space available is also 3,534 square feet. This presents a unique opportunity to secure a substantial and well-located office space in the thriving Waukesha market. The property's address is easily accessible and offers ample parking. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rockwood Physical Therapy Physician Southeastern Wisconsin Regional ... Urban Planning Department

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.224215909087
    Latitude
    43.055613875156

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WI, Waukesha - 259 W Broadway

      Flexible workspace in WI, Waukesha - 259 W Broadway
      259 Broadway, Waukesha, WI 53186
      View Details
    • New
      Contact for pricing

      Waukesha

      Discover many ways to work your way in Waukesha
      N19W24400 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Modern Commercial Space in Waukesha

      Like-new commercial property with flexible floor plans and ample parking.
      N8 Johnson Dr, Waukesha, WI 53186
      View Details
    • Contact for pricing
      2,795 SF

      Waukesha Retail Space Available

      Professionally managed shopping center with full access to Sunset Drive.
      S30W24896 W Sunset Dr, Waukesha, WI 53189
      View Details
    • Contact for pricing
      2,603 SF

      Retail Space Near Sendik's Market

      Retail space available adjacent to Sendik’s Food Market.
      701 Meadowbrook Rd, Waukesha, WI 53188
      View Details
    • Contact for pricing
      2,114 SF

      Waukesha Freestanding Mixed-Use Building

      Versatile live/work or office space in Waukesha.
      1826 E Main St, Waukesha, WI 53186
      View Details
    • Contact for pricing
      3,691 SF

      Waukesha Office Space Available

      Office space available for lease in Waukesha, Wisconsin.
      2831 N Grandview Blvd, Waukesha, WI 53188
      View Details
    • Contact for pricing
      3,000 SF

      Waukesha Warehouse with Office Space

      Warehouse and office space available for lease in Waukesha.
      2000 Pewaukee Rd, Waukesha, WI 53188
      View Details
    • Contact for pricing
      2,512 SF

      Waukesha Flex Industrial Space

      Flex industrial space available with high visibility in Waukesha.
      300 Travis Ln, Waukesha, WI 53189
      View Details
    • Contact for pricing
      6,452 SF

      Modern Office Space Available

      Office space with modern finishes and convenient freeway access.
      23217 Stone Ridge Dr, Waukesha, WI 53146
      View Details
    • Contact for pricing
      7,908 SF

      Pewaukee Flex Space Available

      High-end flex space near I-94 in Pewaukee, Wisconsin.
      W229 Duplainville Rd, Waukesha, WI 53146
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Waukesha office, 3,534 sq ft available.
    Where is this office property located?
    The property is located at W239 Rockwood Dr Waukesha, WI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: First-floor space with private entrance.; High visibility corner location at Pewaukee Road (Alt-41) & Rockwood Drive, less than one mile from I-94.; Private restrooms within each suite.
    (414) 982-6989 Call to check price and availability
    Request Owner's contact information
    W239 Rockwood Dr Waukesha, WI 53188
    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.
    W239 Rockwood Dr
    Waukesha, WI 53188
    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
    W239 Rockwood Dr Waukesha, WI 53188
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Ciebell
    Brandon Ciebell
    Real Estate License ID: 83679
    (414) 982-6989
    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!