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

    1011 Mayfair Rd Wauwatosa, WI 53226

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Wauwatosa Office Space for Lease

    Lot size:
    41,788 SF

    Property Features for 1011 Mayfair Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,788 SF
    Total Rate
    62507.88

    Spaces For Lease

    at 1011 Mayfair Rd, Wauwatosa, WI 53226 Contact us
    Unit Suite 203

    $17 /Mo

    Size
    2,040 SF
    Contact us
    Unit Suite 205

    $17 /Mo

    Size
    1,011 SF
    Contact us
    Unit Suite 203 & 205

    $17 /Mo

    Size
    3,051 SF
    Contact us
    Unit Suite 307

    $17 /Mo

    Size
    2,353 SF
    Contact us

    We can help!

    Listing Contact
    Rachel Schmidt, Ccim
    Rachel Schmidt, Ccim

    Listing Agency: Newmark Listing Agent: Rachel Schmidt, Ccim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional executive office building, located at 1011 N Mayfair Road in Wauwatosa, Wisconsin, offers a prime opportunity for businesses seeking flexible and modern workspace. The property boasts a total of 41,788 square feet, with multiple suites available for lease. Units range from a minimum of 1,011 square feet to a maximum contiguous space of 3,051 square feet, providing options to accommodate various business sizes and needs. Currently, 8,455 square feet of space is available for immediate occupancy. The building's convenient location directly across from Research Park offers excellent visibility and accessibility. Ample parking is provided, with a total of 1.54 acres dedicated to parking spaces. The property is situated in Milwaukee County, Wisconsin, and features a highly desirable address in the 53226 zip code. This is an ideal location for businesses seeking a professional and convenient office environment in a thriving area. The building's multiple suite configuration allows for a variety of tenancy options, making it suitable for both established companies and growing startups. This is a rare opportunity to secure high-quality office space in a sought-after location. Inquire today to learn more about available suites and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wauwatosa
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0480244
    Latitude
    43.0427234

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Near Mayfair Mall

      Retail spaces available across from Mayfair Mall in Wauwatosa, Wisconsin.
      2265 North Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $15 SF/Yr
      2,449 SF

      Wauwatosa Office Space for Rent

      Office space in Milwaukee County Research Park available for lease.
      10501 W Research Dr, Wauwatosa, WI 53226
      View Details
    • $21 SF/Yr
      5,289 SF

      Office Space Near Mayfair Mall

      Office space for rent in excellent location near Mayfair Mall.
      2323 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $15 SF/Yr
      1,306 SF

      Wauwatosa Office Space Available

      Office space for rent in Wauwatosa, all utilities included.
      2525 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $12 SF/Yr
      1,220 SF

      Wauwatosa Office Space Available

      Office space featuring private offices, reception, and storage.
      2505 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing

      Prime Office Space at Mayfair

      Highly visible office space with excellent access and amenities.
      2600 North Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing

      Office Space at Mayfair

      Office space with direct access to Mayfair Mall.
      2500 North Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $15 SF/Yr
      915 SF

      Wauwatosa Office Space Available

      Office space for rent featuring five private offices and reception.
      2457 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • $19 SF/Yr
      1,059 SF

      Wauwatosa Office Space Available

      Bright 1,059 SF office space for lease.
      10225 W Capitol Dr, Wauwatosa, WI
      View Details
    • $6 SF/Yr
      16,600 SF

      Wauwatosa Office Space Available

      Up to 16,600 SF office space for rent.
      4320 N 124 St, Wauwatosa, WI
      View Details
    • Contact for pricing
      3,420 SF

      Retail Space on N Mayfair

      Retail space with high traffic and ample parking available.
      801-869 N Mayfair Rd, Wauwatosa, WI 53226
      View Details
    • Contact for pricing
      16,581 SF

      Wauwatosa Office Building For Rent

      Office building in Wauwatosa, located along Mayfair Rd corridor.
      1441 N Mayfair Rd, Wauwatosa, WI 53226
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Wauwatosa Office Space for Lease
    Where is this office property / space located?
    The property is located at 1011 Mayfair Rd Wauwatosa, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 41,788 SF executive office building with multiple suites available for lease, ranging from 1,011 SF to 3,051 SF contiguous.; 8,455 SF immediately available.; Prime Mayfair Road location across from Research Park in Wauwatosa, WI (53226).
    (414) 347-9400 Call to check price and availability
    Request Owner's contact information
    1011 Mayfair Rd Wauwatosa, WI 53226
    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.
    1011 Mayfair Rd
    Wauwatosa, WI 53226
    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
    1011 Mayfair Rd Wauwatosa, WI 53226
    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 Rachel Schmidt, Ccim
    Rachel Schmidt, Ccim
    Real Estate License ID: 38377
    (414) 347-9400
    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!