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    N72W12922 Good Hope Rd, Menomonee Falls, WI 53051

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    Office buildings

    Type:Office
    Property size:
    9,240 SF
    Price / SF:
    $186/SF
    Added:
    Dec 12, 2025
    Days on Market:
    198
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for N72W12922 Good Hope Rd

    General Information

    Standard status
    Active
    Size
    9,240 SF
    Property subtype
    Office

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    Tim Nelson

    Listing office JLL - Milwaukee, Wisconsin

    Listing date Dec 12, 2025

    Source Crexi

    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 JLL - Milwaukee, Wisconsin

    HighLights

    • Premium owner‑occupant or redevelopment opportunity.
    • Extra land provides for expansion potential.
    • Strategically located on Good Hope Road in Menomonee Falls' improving commercial corridor.
    • Superior visibility and access.
    • Modern all‑brick office building.
    • Storage space and drive‑in doors.

    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 $229.5k $24.84
    − Vacancy −$58.5k −$6.33
    EGI $171.0k $18.51
    − OpEx −$42.8k −$4.63
    NOI $128.3k $13.88
    9,240 SF · lease $24.84/SF/yr · vacancy 25.48% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.83M
    $1.60M – $2.14M (±1% cap)
    NOI $128,280 @ 7.0% cap · market cap 7.44%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $4.72M
    $4.13M – $5.50M (±1% cap)
    NOI $330,108 @ 7.0% cap · market cap 19.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    FM 102.1 WLUM-FM Radio Station

    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
    Menomonee Falls
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1431708
    Latitude
    43.1485364

    FAQs

    Where is this office building located?
    The property is located at N72W12922 Good Hope Rd Menomonee Falls, WI.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: Premium owner‑occupant or redevelopment opportunity.; Extra land provides for expansion potential.; Strategically located on Good Hope Road in Menomonee Falls' improving commercial corridor.
    More about this property
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