Single-Tenant Office
N20 W22961 Watertown Rd Waukesha, WI 53186
N20 W22961 Watertown Rd, Waukesha, WI, 53186
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For Sale
Contact for pricing
Institutional-quality suburban office building offered with a new lease to a strong local tenant.
Property Size8,468 SF
Price / SF$212.56
Days on Market52
Property Features for N20 W22961 Watertown Rd
General Information
- Standard status
- Active
- Size
- 8,468 SF
- Property subtype
- OFFICE
Listing Agency
Newmark - Milwaukee WI
(262) 613-6096
Listed by
Travis Tiede
(920) 475-8135
Source
Moodyscre
Added: May 28 Checked: Jul 17 at 5:11 am
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.
This single-tenant office property is well maintained and presented for sale with a new lease in place with a strong local tenant. The offering is positioned as an institutional-quality suburban office asset, designed to support an ongoing, stable occupancy.
The building provides access from Watertown Road and is located within an established Waukesha/Brookfield office node. It also offers excellent access to I-94 and Goerke’s Corners, supporting convenient commute patterns for tenants and visitors.
For investors and owner-users, the combination of single-tenant structure, maintained condition, and a new lease provides a straightforward path to long-term income stability. The location within a recognized office area and the stated access advantages to major routes make the property a practical fit for buyers seeking a reliable suburban office investment in the Waukesha/Brookfield market.
The building provides access from Watertown Road and is located within an established Waukesha/Brookfield office node. It also offers excellent access to I-94 and Goerke’s Corners, supporting convenient commute patterns for tenants and visitors.
For investors and owner-users, the combination of single-tenant structure, maintained condition, and a new lease provides a straightforward path to long-term income stability. The location within a recognized office area and the stated access advantages to major routes make the property a practical fit for buyers seeking a reliable suburban office investment in the Waukesha/Brookfield market.
Key Highlights
- Single‑tenant office property for purchase with a new lease by a strong local tenant
- Well‑maintained suburban office building with access from Watertown Road
- Located within the established Waukesha/Brookfield office node
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 | $210.3k | $24.84 |
| − Vacancy | −$53.6k | −$6.33 |
| EGI | $156.7k | $18.51 |
| − OpEx | −$39.2k | −$4.63 |
| NOI | $117.6k | $13.88 |
8,468 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,562 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.32M
$3.78M – $5.04M
NOI $302,527 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Snack Depot
Department Store
Healthy Fast Food
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Institutional-quality suburban office building offered with a new lease to a strong local tenant.
Where is this office building located?
The property is located at N20 W22961 Watertown Rd Waukesha, WI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Single‑tenant office property for purchase with a new lease by a strong local tenant; Well‑maintained suburban office building with access from Watertown Road; Located within the established Waukesha/Brookfield office node
