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

    1231 George Towne Dr Pewaukee, WI 53072

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

    11,000 SF Retail Space - Vacant

    Property size:
    17,241 SF

    Property Features for 1231 George Towne Dr

    General Information

    Property type
    Retail space
    Square Feet
    17,241 SF
    Lot Size
    109,771 SF

    Building Details

    Year Built
    2006
    Stories
    1

    We can help!

    Listing Contact
    Jim Cavanaugh
    Jim Cavanaugh

    Listing Agency: Cushman & Wakefield | Boerke Listing Agent: Jim Cavanaugh

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 17,241-square-foot storefront property, located at 1231 George Towne Drive in Pewaukee, Wisconsin, presents a remarkable opportunity for retail businesses. Built in 2006, this single-story building sits on a 2.52-acre lot and boasts 93 parking spaces, ensuring ample convenience for customers. The property is zoned B-3 Office & Service Business, offering flexibility for a variety of uses. The interior comprises 11,000 square feet of net rentable space, featuring 8,000 square feet on the main floor and an additional 3,000 square feet of mezzanine space. Previously occupied by a high-end salon and spa, the space is currently vacant and ready for immediate occupancy. Its strategic location just off Capitol Drive and a mere two minutes from Highway 16 provides excellent visibility and accessibility. The property's APN is PWV-0902-237-001. A tenant improvement allowance is available, making this an attractive proposition for businesses seeking a move-in ready space with potential for customization. This is a Triple Net (NNN) lease opportunity. Don't miss this chance to establish your business in a thriving location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pewaukee Dental Dental Office Transformed Therapeutics, S.C. Physician TransforM Diet & Wellness ... Physician AgeDefy, LLC Physician Dr. Deborah Manjoney Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pewaukee
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.237842
    Latitude
    43.0849333

    Nearby Similar for Sale

    • Contact for pricing
      5,629 SF

      Pewaukee Office Condo For Sale

      Office condo with high visibility and easy access.
      N28W23050 Roundy Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      10 SF

      Retail Space Near Grocery Store

      Retail property in front of Good Harvest grocery store.
      2177 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      45,597 SF

      Pewaukee Retail Property For Sale

      Retail property available for purchase in Pewaukee, Wisconsin.
      2000-2030 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      214,745 SF

      Pewaukee Industrial Property for Sale

      Industrial property with dock doors, drive-in doors, and outside storage.
      1045 Hickory St, Pewaukee, WI 53072
      View Details
    • $238,000
      1,074 SF

      Pewaukee Condo Near Downtown

      Condo in Pewaukee, walking distance to beach, shops, and restaurants.
      368 Park Hill Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      2,960 SF

      Established Bar/Restaurant with Residences

      Well-established bar/restaurant with residential homes for sale.
      Confidential Sale, Pewaukee, WI
      View Details
    • Contact for pricing
      17,241 SF

      Retail Space Near Capitol Drive

      Retail space for lease with tenant improvement allowance available.
      1231 George Towne Dr, Pewaukee, WI 53072
      View Details
    • $219,000
      53,288 SF

      Executive Office Condo in Pewaukee

      Prime Office Space, High Visibility, 53,288 SF
      N28 W23000 Roundy Dr Ste, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      1,461 SF

      Pewaukee Office Condo For Sale

      Office condo with high visibility and easy access in Pewaukee.
      N28 Roundy Dr, Pewaukee, WI 53072
      View Details

    FAQs

    What type of property is this?
    Retail space - 11,000 SF Retail Space - Vacant
    Where is this retail space located?
    The property is located at 1231 George Towne Dr Pewaukee, WI.
    What are key features of this property?
    This property features: High-end salon and spa space available.; 11,000 square foot building with 8,000 square feet on the ground floor and a 3,000 square foot mezzanine.; Excellent Capitol Drive location, two minutes from Highway 16.
    (414) 253-3950 Call to check price and availability
    Request Owner's contact information
    1231 George Towne Dr Pewaukee, WI 53072
    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.
    1231 George Towne Dr
    Pewaukee, WI 53072
    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
    1231 George Towne Dr Pewaukee, WI 53072
    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 Jim Cavanaugh
    Jim Cavanaugh
    (414) 253-3950 (414) 347-1000
    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!