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    Riverwood Corporate Center Office Property Title is generated by Realmo AI

    N19W24101 Riverwood Dr, Waukesha, WI 53188

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    Multi-tenant Class A office property in Pewaukee, Wisconsin.

    Type:Office
    Property size:
    28,606 SF
    Lot size:
    3.29 Acres
    Price / SF:
    $174/SF
    Added:
    Nov 4, 2025
    Days on Market:
    235
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for N19W24101 Riverwood Dr

    General Information

    Standard status
    Active
    Size
    28,606 SF
    Lot size
    3.29 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2007

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    Rachel Schmidt, CCIM
    Rachel Schmidt, CCIM

    Listing office Newmark - Milwaukee

    Listing date Nov 4, 2025

    Source Crexi

    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 Newmark - Milwaukee

    HighLights

    • Class A office property in Riverwood Corporate Center.
    • Stabilized income from multiple tenants.
    • Located in a mature suburban submarket of Milwaukee.
    • Diversified cash flow from multiple suites.
    • Property size: 28,606 square feet.
    • Built in 2007.

    Overview

    This multi-tenant Class A office property is located within the Riverwood Corporate Center in Pewaukee, Wisconsin. The property totals 28,606 square feet and is situated on approximately 3.29 acres. The asset offers diversified cash flow from multiple suites. It is located in a mature suburban submarket within the Milwaukee metropolitan area.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $710.6k $24.84
    − Vacancy −$181.1k −$6.33
    EGI $529.5k $18.51
    − OpEx −$132.4k −$4.63
    NOI $397.1k $13.88
    28,606 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.67M
    $4.96M – $6.62M (±1% cap)
    NOI $397,139 @ 7.0% cap · market cap 7.94%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $14.60M
    $12.77M – $17.03M (±1% cap)
    NOI $1,021,977 @ 7.0% cap · market cap 20.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    The Horton Group - Waukesha Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2304868
    Latitude
    43.0529824

    FAQs

    What type of property is this?
    Office building - Multi-tenant Class A office property in Pewaukee, Wisconsin.
    Where is this office building located?
    The property is located at N19W24101 Riverwood Dr Waukesha, WI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Class A office property in Riverwood Corporate Center.; Stabilized income from multiple tenants.; Located in a mature suburban submarket of Milwaukee.
    (414) 908-9155 Call to check price and availability
    More about this property
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