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    N20W22951 Watertown Rd Waukesha, WI 53186

    For Lease
    Contact for pricing

    High-traffic retail space, multiple suites available

    Lot size:
    15,722 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 15,722 square foot retail and office property, located at the intersection of Highway F and Watertown Road in the Waukesha submarket, presents a unique investment opportunity. Built in 2006, this single-story, Class B building sits on a 2-acre lot and is zoned B-5, allowing for a wide range of uses. The property boasts excellent visibility along a high-traffic corridor (Highway F: 34,700 vehicles per day; Watertown Road: 10,400 vehicles per day), surrounded by corporate offices and in close proximity to major employers like Microsoft and Anthem. Currently occupied by a diverse mix of tenants including Jimmy John's, Snack Depot, Cloud City, AP Tattoo, and The Crossings Restaurant, this center offers four available spaces ranging from 1,061 to 7,213 square feet, with the possibility of combining suites for larger tenants. Ample parking is available, and a tenant improvement package is offered. The property benefits from strong signage opportunities and a favorable tax/CAM rate of $6.33 per square foot (2024). This prime location and flexible space make it ideal for a variety of retail and office businesses seeking high visibility and strong traffic counts.

    Property Features for N20W22951 Watertown Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,722 SF
    Class
    B

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 107
    Size
    5,100 SF
    Space
    Suite 111
    Size
    5,100 SF
    Space
    Suite 115
    Size
    1,061 SF
    Space
    Suite 105
    Size
    7,213 SF

    HighLights

    • Retail/Office property totaling 15,722 square feet on a 2‑acre lot.
    • Single‑story, Class B building constructed in 2006 with multiple tenancies.
    • Located at Highway F & Watertown Road in the Waukesha submarket, zoned B‑5.
    • Four available spaces ranging from 1,061 to 7,213 square feet, with the possibility of combining for up to 7,213 contiguous square feet.
    • High visibility location with ample parking and excellent signage opportunities.
    • Tenant improvement packages available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Crossings Restaurant Diner Jimmy John's Sandwich Shop AP Tattoo Tattoo Shop North Point Fitness Personal Trainer

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.20342922
    Latitude
    43.05758678

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, multiple suites available
    Where is this neighborhood center located?
    The property is located at N20W22951 Watertown Rd Waukesha, WI.
    What are key features of this property?
    This property features: Retail/Office property totaling 15,722 square feet on a 2-acre lot.; Single-story, Class B building constructed in 2006 with multiple tenancies.; Located at Highway F & Watertown Road in the Waukesha submarket, zoned B-5.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    N20W22951 Watertown Rd Waukesha, WI 53186
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