N72W12922 Good Hope Road, Menomonee Falls, WI 53051
For Sale
Contact for pricing
Office buildings
Property Size9,240 SF
Price / SF$186.69
Days on Market335
Property Features for N72W12922 Good Hope Road
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Listing Agency:
JLL - Milwaukee, Wisconsin
Listed By:
Tim Nelson · License WI 50565-90
(262) 239-0970
Source:
Crexi
Added: Dec 12, 2025
Changed: Nov 6
Last Checked: Nov 10 at 7:15AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,280
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,565,600
$2.6M
Cap Rate 7%
$1,832,571
$1.8M
Cap Rate 9%
$1,425,333
$1.4M
Market Conditions
NOI Build-Up for 9,240 SF
Gross rent
$229.5K $24.84/SF
− Vacancy
−$58.5K −$6.33/SF
EGI
$171.0K $18.51/SF
− OpEx
−$42.8K −$4.63/SF
NOI
$128.3K $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%
$2,565,600
Cap Rate 7%
$1,832,571
Cap Rate 9%
$1,425,333
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
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
NOI $330,108 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Waukesha County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
Where is this office building located?
The property is located at N72W12922 Good Hope Road 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.
