Office Building with
N50W34710 Wisconsin Ave, Okauchee, WI 53069
For Sale
$419,900
Four private offices, a reception area, kitchen, bath, and file room support a practical business layout.
Property Size2,088 SF
Lot Size0.50 Acres
Price / SF$201.10
Days on Market303
Property Features for N50W34710 Wisconsin Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
First Weber Inc - Delafield
(262) 646-6800
Listed By:
Carol Euringer · License WI #3490194
(414) 840-2108
Source:
Birchwoodpropertiesllc
Added: Jan 12
Changed: Nov 6
Last Checked: Nov 9 at 3:13PM
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 2,088-square-foot office building dates to 1920 and has four offices, a reception area, kitchen, bath, and file room. A full basement provides additional storage, and the main office features a stone fireplace. The building is handicap accessible and has DOD zoning.
The property occupies approximately half an acre on Wisconsin Avenue in Okauchee, a few blocks from Okauchee Lake. On-site parking accommodates 15 or more cars, and a 2.5-car garage includes motion lighting, a keypad, and a recently installed door.
Updates include doors, flooring, paint, siding, bathroom finishes, furnace, water softener, gutter guards, chimney, concrete, and asphalt driveway work. The foundation has been waterproofed, with a transferable warranty.
The property occupies approximately half an acre on Wisconsin Avenue in Okauchee, a few blocks from Okauchee Lake. On-site parking accommodates 15 or more cars, and a 2.5-car garage includes motion lighting, a keypad, and a recently installed door.
Updates include doors, flooring, paint, siding, bathroom finishes, furnace, water softener, gutter guards, chimney, concrete, and asphalt driveway work. The foundation has been waterproofed, with a transferable warranty.
Key Highlights
- 2,088‑square‑foot office building on approximately 1/2 acre
- Four offices, reception area, kitchen, bath, and file room
- Parking for 15+ cars and a 2.5‑car garage
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Waukesha County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Four private offices, a reception area, kitchen, bath, and file room support a practical business layout.
Where is this office building located?
The property is located at N50W34710 Wisconsin Ave Okauchee, 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 on approximately 1/2 acre; Four offices, reception area, kitchen, bath, and file room; Parking for 15+ cars and a 2.5‑car garage
