Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Nwq Of Smt Ave. & Oconomowoc Pkwy Oconomowoc, WI 53066

    Sponsored
    For Sale
    Contact for pricing

    Prime Oconomowoc Retail Opportunity, 75,000 SF

    Property size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial real estate offering presents a unique investment opportunity in the thriving city of Oconomowoc, Wisconsin. Located at the Northwest quadrant of Summit Avenue and Oconomowoc Parkway, this property boasts a total of 75,000 square feet of retail space situated on 1 to 2 acres of land. The development is strategically positioned on Highway 67, a major thoroughfare with a daily traffic count of 23,600 vehicles, providing excellent visibility and accessibility. Its proximity to I-94 and Highway 16 further enhances its strategic location. This development is part of a significant redevelopment project in Waukesha County, anchored by a Sendik's grocery store. The project also includes plans for 150 to 250 multi-family units and a future hotel site, creating a vibrant and bustling mixed-use environment. The property offers various space options, including anchor/mid-box spaces ranging from 10,000 to 50,000 square feet, restaurant outlots (1.0 to 1.5 acres), service retail spaces (1.0 to 1.5 acres), and a 2.0-acre hospitality site. This is an unparalleled chance to be part of one of Waukesha County's most prominent and recognizable redevelopments. The property is available for sale and presents a compelling investment opportunity for those seeking exposure to a high-traffic location within a rapidly growing community. The zip code is 53066.

    Property Features for 0 Nwq Of Smt Ave. & Oconomowoc Pkwy

    General Information

    Property type
    Land
    Square Feet
    75,000 SF
    Lot Size
    43,560 SF

    HighLights

    • Opportunity to join a major Waukesha County redevelopment anchored by Sendik's.
    • Development includes 150‑250 multi‑family units and a future hotel.
    • High‑traffic location on Highway 67 (23,600 VPD), with easy I‑94 and Highway 16 access.
    • Available spaces: 10,000‑50,000 SF mid‑box retail, 1‑1.5 acre restaurant outlots, 1‑1.5 acre service retail lots, and 2‑acre hospitality site.
    • 75,000 SF total retail space available on 1‑2 acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.4704668
    Latitude
    43.081577

    Nearby Comparable

    • $910,000
      1.50 Acres

      Prime Oconomowoc Commercial Land

      1.5-Acre Commercial Lot, High Visibility
      36250 Valley Rd, Oconomowoc, WI 53066
      View Details
    • $3,000,000
      40,835 SF

      Corporate Center Drive Office Building

      40,835 SF Office/Flex Space, Oconomowoc, WI
      1190 Corporate Center Dr, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      123 SF

      Walgreens Anchored Shopping Center

      Established shopping center with unobstructed visibility and multiple access points.
      1021-1111 Summit Ave, Oconomowoc, WI 53066
      View Details
    • $1,850,000
      3.00 Acres

      Lake Country Restaurant - Oconomowoc

      Established Restaurant, 3 Acres, High Clientele
      Confidential, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      25.37 Acres

      Oconomowoc Commercial Land - 25 Acres

      Prime commercial land, divisible parcels, I-94 & Hwy 67 access.
      0 Interstate 94 & Hwy 67, Oconomowoc, WI 56066
      View Details
    • $2,500,000
      18.00 Acres

      Prime 18-Acre Commercial Land

      Oconomowoc, WI agricultural land - $2.5M
      2133 Sawyer Rd, Oconomowoc, WI 53066
      View Details
    • $2,500,000
      18.00 Acres

      18 Acres Oconomowoc Farmland

      Prime Agricultural Land, 18 Acres, Waukesha County.
      2133 Sawyer Rd, Oconomowoc, WI 53066
      View Details
    • $275,000
      2,920 SF

      Oconomowoc Storage Facility Investment

      24-Unit Storage, High Demand, Turn-Key
      115 Silver Lake St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      3.25 Acres

      Prime Oconomowoc Commercial Land

      3.25 Acres, General Commercial Zoning
      0 Swc Brown St & Pr Crk Blvd, Oconomowoc, WI 53066
      View Details
    • $879,000
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI 53066
      View Details
    • $5,878,000
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details

    Nearby Similar for Sale

    • $649,000
      2,218 SF

      Mixed-Use Building with Recent Renovations

      Retail space and apartments with 2023 renovations.
      113-115 S Main St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      93 SF

      Retail Property Anchored by Piggly Wiggly

      Retail property with high-traffic Piggly Wiggly and convenient highway access.
      1280 Brown St, Oconomowoc, WI 53066
      View Details
    • $1,100,000
      12,000 SF

      Retail Strip Center Investment Opportunity

      Fully occupied retail strip center with recent site and building updates.
      N58 Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • $5,878,000
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      123 SF

      Walgreens Anchored Shopping Center

      Established shopping center with unobstructed visibility and multiple access points.
      1021-1111 Summit Ave, Oconomowoc, WI 53066
      View Details
    • $879,000
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI 53066
      View Details
    • $1,400,000
      12,794 SF

      Leased Commercial Office/Retail Building

      Fully leased commercial building with office and retail spaces.
      105 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • $349,900
      1,658 SF

      Oconomowoc Duplex Opportunity

      Duplex in Oconomowoc with two 2-bedroom units.
      138 W 2Nd St, Oconomowoc, WI 53066
      View Details
    • $275,000
      2,920 SF

      Oconomowoc Storage Facility Investment

      24-Unit Storage, High Demand, Turn-Key
      115 Silver Lake St, Oconomowoc, WI 53066
      View Details
    • $1,850,000
      3.00 Acres

      Lake Country Restaurant - Oconomowoc

      Established Restaurant, 3 Acres, High Clientele
      Confidential, Oconomowoc, WI 53066
      View Details
    • $3,000,000
      40,835 SF

      Corporate Center Drive Office Building

      40,835 SF Office/Flex Space, Oconomowoc, WI
      1190 Corporate Center Dr, Oconomowoc, WI 53066
      View Details

    FAQs

    What type of property is this?
    Land - Prime Oconomowoc Retail Opportunity, 75,000 SF
    Where is this land located?
    The property is located at Nwq Of Smt Ave. & Oconomowoc Pkwy Oconomowoc, WI.
    What are key features of this property?
    This property features: Opportunity to join a major Waukesha County redevelopment anchored by Sendik's.; Development includes 150-250 multi-family units and a future hotel.; High-traffic location on Highway 67 (23,600 VPD), with easy I-94 and Highway 16 access.
    Request Owner's contact information
    Nwq Of Smt Ave. & Oconomowoc Pkwy Oconomowoc, WI 53066
    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.
    Nwq Of Smt Ave. & Oconomowoc Pkwy
    Oconomowoc, WI 53066
    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.

    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
    Nwq Of Smt Ave. & Oconomowoc Pkwy Oconomowoc, WI 53066
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.