Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oconomowoc Land Available For Sale Title is generated by Realmo AI

    NWQ of Summit Ave. & Oconomowoc Pkwy, Oconomowoc, WI 53066

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available for sale at Summit Ave. & Oconomowoc Pkwy.

    Type:Retail, Land
    Property size:
    75,000 SF
    Added:
    Mar 6, 2022
    Days on Market:
    1553
    Last Refresh:
    May 19 at 8:44 pm

    Property Features for NWQ of Summit Ave. & Oconomowoc Pkwy

    General Information

    Standard status
    Active
    Size
    75,000 SF
    Property subtype
    Retail, Land

    We can help!

    Listing Contact
    Mike Fitzgerald
    Mike Fitzgerald

    Listing agent Mike Fitzgerald License #WI 55552-94

    Listing office Mid America Real Estate Milwaukee

    Listing date Mar 6, 2022

    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 Mid America Real Estate Milwaukee

    HighLights

    • Available for sale

    Overview

    This commercial real estate property, consisting of land and retail space, is available for sale. The property has a size of 75000 square feet and is located at the northwest corner of Summit Avenue and Oconomowoc Parkway in Oconomowoc, Wisconsin.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.4931
    Latitude
    43.114

    Nearby Similar for Sale

    • $589,000

      Oconomowoc Vacant Commercial Land

      1.72 acres of vacant land near I-94 and Hwy 67.
      1270 Corporate Center Dr, Oconomowoc, WI 53066
      View Details
    • $785,000

      Oconomowoc Vacant Land Parcel

      6+ acre partially wooded parcel in Lake Country community.
      Lt2 Sawyer Rd, Oconomowoc, WI 53066
      View Details
    • $60,000

      Oconomowoc Vacant Residential Land

      Nearly half-acre lot suitable for new home construction.
      W1053 W County Road O -, Oconomowoc, WI 53066
      View Details
    • $1,400,000
      12,794 SF

      Leased Commercial Office/Retail Building

      Fully leased commercial building with office and retail spaces.
      105 E Wisconsin Ave, Oconomowoc, WI
      View Details
    • $3,600,000
      41,857 SF

      Industrial Property with Established Tenants

      Well-maintained industrial property with stable income and functional features.
      856 Armour Road, Oconomowoc, WI 53066
      View Details
    • $30,000

      Wooded Lot Near Golf Club

      Residential land near Deertrak Golf Club, minutes from Oconomowoc.
      W County Road O -, Oconomowoc, WI 53066
      View Details
    • $5,878,000
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI
      View Details
    • Contact for pricing

      Land in Pro-Business Jefferson County

      Land with development incentives, visible from I-94, near Milwaukee and Madison.
      Concord, WI 53066
      View Details
    • $649,000
      2,218 SF

      Mixed-Use Building with Recent Renovations

      Retail space and apartments with 2023 renovations.
      113-115 S Main St, Oconomowoc, WI
      View Details
    • $879,000
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI
      View Details
    • $175,000

      Oconomowoc Vacant Corner Lot

      1.98 acre corner lot in Concord, Wisconsin.
      Lt0 Highway E -, Oconomowoc, WI 53066
      View Details
    • $89,000

      Vacant Land in Oconomowoc, WI

      Residential land available in Oconomowoc, build your dream home!
      N909 Winds Way, Oconomowoc, WI 53066
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale at Summit Ave. & Oconomowoc Pkwy.
    Where is this land located?
    The property is located at NWQ of Summit Ave. & Oconomowoc Pkwy Oconomowoc, WI.
    What are key features of this property?
    This property features: Available for sale
    (414) 390-1404 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Fitzgerald
    Mike Fitzgerald
    Real Estate License ID: WI 55552-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NWQ of Summit Ave. & Oconomowoc Pkwy, Oconomowoc, WI 53066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!