Accessible Office
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 Market48
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
Listed By:
Carol Euringer · License #3490194
(262) 646-6800
Source:
Nikolicgroup
Added: Aug 28
Changed: Sep 13
Last Checked: Oct 7 at 1:52PM
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 / Yr
$28,988
Cap Rate
6.90%
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
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.
How Realmo checks its estimates
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
