Accessible Office
N50w34710 Wisconsin Avenue, Okauchee, WI 53069
For Sale
New
$419,900
Four private offices, a reception area, and a full lower level provide a practical mix of work and storage space.
Property Size2,088 SF
Lot Size0.50 Acres
Price / SF$201.10
Days on Market5
Property Features for N50w34710 Wisconsin Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Condition
Office Units
Property Use
Amenities
handicap accessible
fireplace
Building Details
Building Size
Year Built
Listing Agency:
First Weber Inc - Delafield
(262) 646-6800
Listed By:
Carol Euringer · License WI #3490194
(414) 840-2108
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 4:33PM
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 property, built in 1920, includes four offices, a reception area, kitchen, bathroom, and file room. A full lower level adds storage, while a stone fireplace serves the main office. The building is handicap accessible and has received updates to its doors, flooring, paint, siding, bathroom, tile, furnace, water softener, chimney, concrete, and asphalt drive. The foundation was professionally waterproofed with a transferable warranty.
The property occupies approximately 0.5 acre in Okauchee, near Okauchee Lake. On-site parking accommodates 15 or more cars, and a 2.5-car garage features motion lighting, a keypad, and a new garage door. Mature trees and plantings are also on the grounds.
The property occupies approximately 0.5 acre in Okauchee, near Okauchee Lake. On-site parking accommodates 15 or more cars, and a 2.5-car garage features motion lighting, a keypad, and a new garage door. Mature trees and plantings are also on the grounds.
Key Highlights
- 2,088‑square‑foot office building on approximately 0.5 acre
- Four offices, reception area, kitchen, bathroom, file room, and full lower level
- Handicap accessible, with a stone fireplace in the main office
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
Lease Details
4
Office units
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, and a full lower level provide a practical mix of work and storage space.
Where is this office building located?
The property is located at N50w34710 Wisconsin Avenue 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 0.5 acre; Four offices, reception area, kitchen, bathroom, file room, and full lower level; Handicap accessible, with a stone fireplace in the main office
