Medical Office Building with Ample
For Sale
Contact for pricing
W239 N3490 Pewaukee Rd., Pewaukee, WI 53072
Office and medical space offered with ample parking near I-94 and retail, dining, and hospitality amenities.
Property Size24,312 SF
Price / SF$163.50
Days on Market219
Property Features for W239 N3490 Pewaukee Rd.
General Information
Standard status
Active
Size
24,312 SF
Class
B
Property subtype
Office
Zoning
B-6
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Year Renovated
2023
Buildings
1
Stories
2
Listing Agency:
Bear Realty
Listed By:
Craig Bartsch · License #WI
Source:
Crexi
Added: Mar 25
Changed: Oct 26
Last Checked: Oct 28 at 7:23AM
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 Bear Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building includes space suited for medical office and professional uses. The property offers ample parking for employees and visitors, supporting day-to-day access for appointments, client meetings, and office operations.
Located close to I-94, the building is also conveniently positioned near retail, restaurant, and hospitality amenities, which can help support the needs of service-oriented businesses and healthcare administrative or therapy-related operations.
Located close to I-94, the building is also conveniently positioned near retail, restaurant, and hospitality amenities, which can help support the needs of service-oriented businesses and healthcare administrative or therapy-related operations.
Key Highlights
- Office and medical space available
- Year built: 2008
- Ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,525
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,750,500
$6.8M
Cap Rate 7%
$4,821,786
$4.8M
Cap Rate 9%
$3,750,278
$3.8M
Market Conditions
NOI Build-Up for 24,312 SF
Gross rent
$603.9K $24.84/SF
− Vacancy
−$153.9K −$6.33/SF
EGI
$450.0K $18.51/SF
− OpEx
−$112.5K −$4.63/SF
NOI
$337.5K $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%
$6,750,500
Cap Rate 7%
$4,821,786
Cap Rate 9%
$3,750,278
Alternative Uses
Best Use
Healthcare Medical
$11.45M
$10.02M – $13.36M
NOI $801,756 @ 7.0% cap · market cap 20.17%
Second Best
Office B
$4.82M
$4.22M – $5.63M
NOI $337,525 @ 7.0% cap · market cap 8.49%
Theoretical Best
Flex RnD
$12.41M
$10.86M – $14.48M
NOI $868,569 @ 7.0% cap · market cap 21.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 53072, WI
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
896
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office and medical space offered with ample parking near I-94 and retail, dining, and hospitality amenities.
Where is this office building located?
The property is located at W239 N3490 Pewaukee Rd. Pewaukee, WI.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Office and medical space available; Year built: 2008; Ample parking
