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Waukesha Office Building Investment

N19W24101 Riverwood Drive Waukesha, WI 53188

Claim this Listing
For Sale
$5,000,000

Modern office building in Waukesha, WI, with flexible floor plan.

Type:Office
Property size:
28,600 SF
Price / SF:
$174/SF
Added:
Jan 27, 2026
Days on Market:
165
Last Refresh:
Apr 5 at 11:27 pm

Property Features for N19W24101 Riverwood Drive

General Information

Standard status
Active
Size
28,600 SF
Property subtype
Office

Listing office Newmark - Milwaukee

Listing date Jan 27, 2026

Source Nmrk

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


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

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 $710.4k $24.84
− Vacancy −$181.0k −$6.33
EGI $529.4k $18.51
− OpEx −$132.4k −$4.63
NOI $397.1k $13.88
28,600 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 $397,056 @ 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 $1,021,762 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Horton Group - Waukesha Insurance Agency

Suggested Use

Restaurant Garden Center Spa & Massage Center HVAC Service Gym & Fitness Center Storage Facility Real Estate Agency Cafe & Coffee Shop Kitchen & Bath Showroom Auto Repair Shop

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

FAQs

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
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