Handicap-Accessible Office
For Sale
Contact for pricing
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 Market67
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
(262) 646-6800
Source:
Crexi
Added: Jul 3
Changed: Sep 6
Last Checked: Sep 7 at 1:47AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $74,596 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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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
