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    Commercial Condo in Sussex, WI Title is generated by Realmo AI

    N63w23524 Silver Spring Dr, Sussex, WI 53089

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    Claim this Listing
    For Sale
    $299,900

    Office(s),Professional Service - Sussex, WI

    Property size:
    1,795 SF
    Lot size:
    1.18 Acres
    Price / SF:
    $167/SF
    Added:
    Mar 12, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 19 at 1:06 pm

    Property Features for N63w23524 Silver Spring Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    Carpeting, Elevator, Fixtures, Handicap Access, Inside Storage, Office(s), Rest Rooms
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Standard status
    Active
    APN
    SUXV0246962002
    Size
    1,795 SF
    Lot size
    1.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3352

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    1
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer S Bronk Wieland

    Listing agent Jennifer S Bronk Wieland License #66388-94

    Listing office EXP Realty, LLC~MKE 342 N Water St, Suite 600, Milwaukee, WI 53202, Middleton, WI

    Listing date Mar 12, 2026

    MLS# 1953532 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial condo unit ideal for investment groups, spa/wellness centers, title companies, and more.
    • Features a welcoming front foyer, large front desk area with built‑ins, a conference room, storage/utility room, and 4 separate offices (3 with built‑ins).
    • Benefit from front and back entrances, with convenient elevator access at the front.
    • Includes a coffee/snack station, restrooms, and handicap access.
    • Offers basement storage (quarter space) and parking (quarter space).
    • Located among established businesses: Lake Country Eye Care, Toy Family Dentistry & Sussex Chiropractic.

    Overview

    This commercial condo, located in Sussex, WI, presents an opportunity for businesses such as investment groups, spa and wellness services, and title companies. The unit for sale is the upper unit. The upper floor features a front foyer or waiting room, a large front desk area with built-ins, a conference room, a storage or utility room, and four separate offices, three of which have built-ins. A coffee and snack station is located in the hallway, along with a bathroom. The property includes front and back entrances, with the front entrance providing elevator access. The lower level offers restrooms and a full basement, where a quarter of the space is designated for storage. Parking is also available in a quarter of the parking space. The monthly condo fee is $600. The property is situated on a 1.18-acre lot. Other owners include Lake Country Eye Care, Toy Family Dentistry, and Sussex Chiropractic. The property has a size of 1795 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $44.6k $24.84
    − Vacancy −$11.4k −$6.33
    EGI $33.2k $18.51
    − OpEx −$8.3k −$4.63
    NOI $24.9k $13.88
    1,795 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $356.0K
    $311.5K – $415.3K (±1% cap)
    NOI $24,920 @ 7.0% cap · market cap 8.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $916.1K
    $801.6K – $1.07M (±1% cap)
    NOI $64,128 @ 7.0% cap · market cap 21.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sussex
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.214703
    Latitude
    43.132271

    FAQs

    What type of property is this?
    Office units - Upper-level commercial condo suitable for various professional services.
    Where is this office units located?
    The property is located at N63w23524 Silver Spring Dr Sussex, WI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Prime commercial condo unit ideal for investment groups, spa/wellness centers, title companies, and more.; Features a welcoming front foyer, large front desk area with built‑ins, a conference room, storage/utility room, and 4 separate offices (3 with built‑ins).; Benefit from front and back entrances, with convenient elevator access at the front.
    More about this property
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