Accessible Office
New
For Sale
$419,900
N50w34710 Wisconsin Ave, Oconomowoc, WI 53069
Maintained office property with private work areas, reception, kitchen, bath, and substantial storage.
Property Size2,088 SF
Price / SF$201.10
Days on Market3
Property Features for N50w34710 Wisconsin Ave
General Information
Standard status
Active
Size
2,088 SF
Building Details
Year Built
1920
Listing Agency:
First Weber Inc - Delafield
(262) 646-6800
Listed By:
Carol Euringer · License #3490194
Source:
Nikolicgroup
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 9:16AM
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 2,088-square-foot office building provides four offices, a reception area, kitchen, bathroom, file room, and a full lower level for storage. The main office features a natural and gas stone fireplace. Recent improvements include doors, flooring, paint, siding, bathroom finishes, tile, furnace, water softener, gutter guards, chimney work, concrete, and an extra-wide asphalt drive. The building is handicap accessible, and its foundation has been professionally waterproofed with a transferable warranty.
The property occupies an appx. 1/2 ac lot with mature trees and plantings at N50w34710 Wisconsin Ave in Oconomowoc, WI. Parking accommodates 15+ cars, while the 2.5-car garage includes motion lighting, a keypad, and a new garage door. The location is blocks from Okauchee Lake, and lawn service is provided by Natural Lawn Care Service of America.
The property occupies an appx. 1/2 ac lot with mature trees and plantings at N50w34710 Wisconsin Ave in Oconomowoc, WI. Parking accommodates 15+ cars, while the 2.5-car garage includes motion lighting, a keypad, and a new garage door. The location is blocks from Okauchee Lake, and lawn service is provided by Natural Lawn Care Service of America.
Key Highlights
- 2,088‑square‑foot office building with four offices, reception, kitchen, bath, file room, and full lower‑level storage
- Handicap accessible building with a professionally waterproofed foundation and transferable warranty
- Parking for 15+ cars plus a 2.5‑car garage with motion lighting, keypad, and 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
6.90%
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 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.07M
$932.5K – $1.24M
NOI $74,596 @ 7.0% cap · market cap 17.77%
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 - Maintained office property with private work areas, reception, kitchen, bath, and substantial storage.
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 $419,900.
What are key features of this property?
This property features: 2,088‑square‑foot office building with four offices, reception, kitchen, bath, file room, and full lower‑level storage; Handicap accessible building with a professionally waterproofed foundation and transferable warranty; Parking for 15+ cars plus a 2.5‑car garage with motion lighting, keypad, and new garage door
