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Handicap-Accessible Office Building
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N50W34710 Wisconsin Ave, Oconomowoc, WI 53069

Move-in ready office building with four offices, reception, kitchen, bath, file room, and ample storage in a full lower level.

Property Size2,088 SF
Lot Size0.50 Acres
Price / SF$203.50
Days on Market113

Property Features for N50W34710 Wisconsin Ave

General Information

Standard status Active
Size 2,088 SF
Total Parking Spaces 15
Lot size 0.50 Acres
Property subtype Office
Zoning SF, low density, rental, commercial, investment
Investment Type Owner/User

Amenities

handicap accessible
fireplace
storage
mature trees
Listing Agency: First Weber Inc - Delafield
Listed By: Carol Euringer · License #34901-94
Source: Crexi
Added: Jul 3 Changed: Oct 8 Last Checked: Oct 20 at 8:26PM

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 First Weber Inc - Delafield

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Investment Insights

Based on property information with market context.

This move-in ready office building is handicap accessible and designed for day-to-day workspace use, with four offices, a reception area, kitchen, bath, and a file room. The main office features a natural and gas stone fireplace. A full lower level provides ample additional storage.

Outside, the property offers parking for 15+ cars plus a 2.5-car garage with motion lighting, a keypad, and a new garage door. The building and site have seen a recent update of doors, flooring, paint, siding, bath and tile, furnace, water softener, gutter guards, siding, chimney, and concrete and asphalt with an extra-wide drive. The foundation has been professionally waterproofed with a transferable warranty.

Set on an approximately 1/2-acre lot with mature trees and plantings, the lawn is serviced by Natural Lawn Care Service of America. The property is zoned SF, with low density rental, commercial, and investment noted in the available information. It is described as located in Lake Country, with blocks from Okauchee Lake.

Key Highlights

  • Move‑in ready office building with 4 offices, reception area, kitchen, bath, and file room plus a full lower level for storage
  • Handicap accessible building featuring a natural and gas stone fireplace highlighting the main office
  • Parking for 15+ cars plus a 2.5‑car garage with motion lighting, keypad, and a new garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,988
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,760 $579.8K
Cap Rate 7%
$414,114 $414.1K
Cap Rate 9%
$322,089 $322.1K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$51.9K $24.84/SF
− Vacancy
−$13.2K −$6.33/SF
EGI
$38.7K $18.51/SF
− OpEx
−$9.7K −$4.63/SF
NOI
$29.0K $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%
$579,760
Cap Rate 7%
$414,114
Cap Rate 9%
$322,089

Alternative Uses

Best Use
Office B
$414.1K
$362.4K – $483.1K (±1% cap)
NOI $28,988 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.07M
$932.5K – $1.24M (±1% cap)
NOI $74,596 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Hair Salon Law Firm Dental Office Electrical Service Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

181
Businesses Nearby

Demographics for 53069, WI

732
Population
479
Households
1.5
Avg Household Size
52
Median Age
33%
College-Educated
100%
High-School Grad
0.4 sq mi
ZIP Area
1,830
Density / Sq Mi
$127,959
Median Household Income
$55,071
Median Earnings
$398,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Move-in ready office building with four offices, reception, kitchen, bath, file room, and ample storage in a full lower level.
Where is this office building located?
The property is located at N50W34710 Wisconsin Ave Oconomowoc, WI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Move‑in ready office building with 4 offices, reception area, kitchen, bath, and file room plus a full lower level for storage; Handicap accessible building featuring a natural and gas stone fireplace highlighting the main office; Parking for 15+ cars plus a 2.5‑car garage with motion lighting, keypad, and a new garage door
(414) 840-2108 Call to check price and availability
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