Waukesha Office Building
For Sale
$5,000,000
N19W24101 Riverwood Drive, Waukesha, WI 53188
Modern office building in Waukesha, WI, with flexible floor plan.
Property Size28,600 SF
Price / SF$174.83
Days on Market258
Property Features for N19W24101 Riverwood Drive
General Information
Standard status
Active
Size
28,600 SF
Property subtype
Office
Listing Agency:
Newmark - Milwaukee WI
Listed By:
Tim Janusz · License #70967
(414) 659-8062
Source:
Nmrk
Added: Jan 27
Changed: Oct 11
Last Checked: Oct 12 at 6:00PM
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 WI
Investment Insights
Based on property information with market context.
Located in Waukesha, WI, this property presents an investment opportunity with a 28,600 square foot building containing 3 units. Constructed in 2007, the property is zoned B-4 for Office/Commercial use. The modern office space features a flexible floor plan, high visibility, ample parking, and monument signage. This professional setting and location are suited for office building investors.
Key Highlights
- Prime Waukesha location
- 28,600 SF building with 3 units
- Zoned B‑4 for Office/Commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$397,056
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,941,120
$7.9M
Cap Rate 7%
$5,672,229
$5.7M
Cap Rate 9%
$4,411,733
$4.4M
Market Conditions
NOI Build-Up for 28,600 SF
Gross rent
$710.4K $24.84/SF
− Vacancy
−$181.0K −$6.33/SF
EGI
$529.4K $18.51/SF
− OpEx
−$132.4K −$4.63/SF
NOI
$397.1K $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%
$7,941,120
Cap Rate 7%
$5,672,229
Cap Rate 9%
$4,411,733
Alternative Uses
Best Use
Office B
$5.67M
$4.96M – $6.62M
NOI $397,056 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$14.60M
$12.77M – $17.03M
NOI $1,021,762 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 53188, WI
35,552
Population
14,703
Households
2.4
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
26.8 sq mi
ZIP Area
1,327
Density / Sq Mi
$88,656
Median Household Income
$51,930
Median Earnings
$1,235
Median Rent
$317,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Modern office building in Waukesha, WI, with flexible floor plan.
Where is this office building located?
The property is located at N19W24101 Riverwood Drive 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: Prime Waukesha location; 28,600 SF building with 3 units; Zoned B‑4 for Office/Commercial use
