Net-Leased Medical Office
N20W22961 Watertown Road Pewaukee, WI 53186
N20W22961 Watertown Road, Pewaukee, WI, 53186
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For Sale
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Single-tenant, well-maintained office building leased to a regional healthcare provider with direct access to Watertown Road.
Property Size8,468 SF
Price / SF$212.56
Days on Market56
Property Features for N20W22961 Watertown Road
General Information
- Standard status
- Active
- Size
- 8,468 SF
- Property subtype
- Office
Listing agency
Newmark
(262) 613-6096
Listed by
Liam O Neill · License #114351-94
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 1:21PM
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
Investment Insights
Based on property information with market context.
This single-tenant medical office property is offered for sale with a new lease by a strong local tenant. The building is well maintained and configured for healthcare office use, with the tenant operating an integrated care model that includes on-site physician and advanced practice services. Services referenced in the offering include internal medicine, wound care, psychiatry, physical medicine, and telemedicine, supporting care across post-acute and senior-focused environments.
The property provides access from Watertown Road and is positioned near direct access to I-94 at Goerke’s Corners, supporting regional connectivity across the Milwaukee metro. The offering describes the site as strategically located within the Waukesha/Brookfield office corridor.
For buyers seeking a healthcare-oriented, single-tenant asset, this property’s purchase structure is described as net-leased with immediate income support under a new lease. Limited management responsibility is referenced as part of the fit, and the tenant’s regional footprint and ongoing operational presence are highlighted as key considerations for long-term occupancy.
The property provides access from Watertown Road and is positioned near direct access to I-94 at Goerke’s Corners, supporting regional connectivity across the Milwaukee metro. The offering describes the site as strategically located within the Waukesha/Brookfield office corridor.
For buyers seeking a healthcare-oriented, single-tenant asset, this property’s purchase structure is described as net-leased with immediate income support under a new lease. Limited management responsibility is referenced as part of the fit, and the tenant’s regional footprint and ongoing operational presence are highlighted as key considerations for long-term occupancy.
Key Highlights
- Single‑tenant, net‑leased office property available for purchase with a new lease by a regional healthcare provider
- Well‑maintained building with access from Watertown Road
- Tenant is Oak Medical, a Wisconsin‑based provider specializing in on‑site physician and advanced practice services for post‑acute and senior‑focused settings
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
Healthcare Medical
$3.99M
$3.49M – $4.65M
NOI $279,256 @ 7.0% cap · market cap 15.51%
Second Best
Office B
$1.68M
$1.47M – $1.96M
NOI $117,562 @ 7.0% cap · market cap 6.53%
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
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Single-tenant, well-maintained office building leased to a regional healthcare provider with direct access to Watertown Road.
Where is this medical office space located?
The property is located at N20W22961 Watertown Road Pewaukee, 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, net‑leased office property available for purchase with a new lease by a regional healthcare provider; Well‑maintained building with access from Watertown Road; Tenant is Oak Medical, a Wisconsin‑based provider specializing in on‑site physician and advanced practice services for post‑acute and senior‑focused settings
