First-Floor Office
For Sale
Contact for pricing
930 Armour Road, Oconomowoc, WI 53066
A multi-room workplace includes enclosed offices, shared work areas, and on-site parking.
Property Size2,677 SF
Price / SF$1.49
Days on Market8
Property Features for 930 Armour Road
General Information
Standard status
Active
Size
2,677 SF
Additional Details
Floor
1
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$38,585
Amenities
private offices
conference room
lunchroom
open cubicle area
private restrooms
natural light
Listing Agency:
Property Dynamics/Appraisal Specialists
Listed By:
Erin Waldron
(262) 490-0670
Source:
Exprealty
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 2:41PM
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 Property Dynamics/Appraisal Specialists
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Investment Insights
Based on property information with market context.
This 2,677-square-foot office suite occupies the first floor and is arranged with three private offices, a conference room, and an open cubicle area with cubicles included. A lunchroom, private restrooms, and natural light round out the interior configuration.
Free parking is available on site. The property is near Highways 16 and 67 and Interstate 94 in Oconomowoc.
Free parking is available on site. The property is near Highways 16 and 67 and Interstate 94 in Oconomowoc.
Key Highlights
- 2,677 square feet of first‑floor office space
- Three private offices and a conference room
- Open cubicle area with cubicles included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,165
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,300
$743.3K
Cap Rate 7%
$530,929
$530.9K
Cap Rate 9%
$412,944
$412.9K
Market Conditions
NOI Build-Up for 2,677 SF
Gross rent
$66.5K $24.84/SF
− Vacancy
−$16.9K −$6.33/SF
EGI
$49.6K $18.51/SF
− OpEx
−$12.4K −$4.63/SF
NOI
$37.2K $13.88/SF
Area
Waukesha County, WI
Vacancy
25.48%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,300
Cap Rate 7%
$530,929
Cap Rate 9%
$412,944
Alternative Uses
Best Use
Office B
$530.9K
$464.6K – $619.4K
NOI $37,165 @ 7.0% cap · market cap 929.13%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.37M
$1.20M – $1.59M
NOI $95,638 @ 7.0% cap · market cap 2,390.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 53066, WI
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - A multi-room workplace includes enclosed offices, shared work areas, and on-site parking.
Where is this office units located?
The property is located at 930 Armour Road Oconomowoc, WI.
What are key features of this property?
This property features: 2,677 square feet of first‑floor office space; Three private offices and a conference room; Open cubicle area with cubicles included
