Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nwq Of Smt Ave & Oconomowoc Pkwy Oconomowoc, WI 53066
    Property profile & analytics

    Nwq Of Smt Ave & Oconomowoc Pkwy, Oconomowoc, WI 53066

    View on Map
    • Retail properties & Spaces
    • 75,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Nwq Of Smt Ave & Oconomowoc Pkwy

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in the highly desirable Olympia Fields development in Oconomowoc, Wisconsin, at the Northwest quadrant of Summit Avenue and Oconomowoc Parkway (zip code 53066). The property offers a total of 75,000 square feet of retail space, with a minimum divisible unit of 8,000 square feet and the potential for contiguous space up to the entire 75,000 square feet. This prime location boasts excellent visibility and accessibility, situated on Highway 67, a major thoroughfare with a daily traffic count of 23,600 vehicles. The convenient access to I-94 and Highway 16 further enhances its strategic position. Olympia Fields is part of a larger, dynamic redevelopment project in Waukesha County, encompassing over 200 multi-family units and a planned hotel site, ensuring a vibrant and growing customer base. Various space options are available to suit diverse retail needs, including mid-box and junior box spaces ranging from 8,000 to 17,000 square feet, restaurant outlots (1.0-1.5 acres), service retail lots (1.0-1.5 acres), and a 2.0-acre hospitality site. This is an unparalleled chance to establish or expand your business within a thriving community and a highly visible, well-connected location. The property is located in Wisconsin County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oconomowoc
    County
    Wisconsin
    State
    Wisconsin
    Longitude
    -88.4705
    Latitude
    43.0816

    Comparable in this City

    • Value Estimation by Request
      39,630 SF

      W359N5002 Brown St

      Retail properties & Spaces
      W359N5002 Brown St, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      58,760 SF

      995 Sawyer Rd

      Retail properties & Spaces
      995 Sawyer Rd, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      123,241 SF

      1021-1111 Summit Ave

      Lifestyle centers
      1021-1111 Summit Ave, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      18,679 SF

      Olympia Fld Dr

      Restaurants
      0 Olympia Fld Dr, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      1.00 Acre

      Nwq Of Smt Ave. & Oconomowoc Pkwy

      Land
      0 Nwq Of Smt Ave. & Oconomowoc Pkwy, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      218,000 SF

      94 Wi-67

      Land
      94 Wi-67, Oconomowoc, WI 53066
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      75,000 SF

      Oconomowoc Land Available For Sale

      Land available for sale at Summit Ave. & Oconomowoc Pkwy.
      Nwq Of Smt Ave. & Oconomowoc Pkwy, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Retail Property Anchored by Piggly Wiggly

      Retail property with high-traffic Piggly Wiggly and convenient highway access.
      1280 Brown St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Walgreens Anchored Shopping Center

      Established shopping center with unobstructed visibility and multiple access points.
      1021-1111 Summit Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      2,218 SF

      Mixed-Use Building with Recent Renovations

      Retail space and apartments with 2023 renovations.
      113-115 S Main St, Oconomowoc, WI 53066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in Oconomowoc, Wisconsin.
      1280 Brown St, Oconomowoc, WI 53066
      View Details
    • $18 SF/Yr

      Retail Space Near Sendik's Market

      Retail spaces and outlots available near Sendik's Food Market.
      1450 E Summit Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Restaurant and retail spaces with outdoor patio and parking.
      Olympia Fields Dr, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Retail Space in Oconomowoc, WI

      Retail space for lease in Oconomowoc, Wisconsin.
      1300 Pabst Farms Cir, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      2,596 SF

      Retail Space in Pabst Farms

      New retail development with modern construction and ample parking.
      Pabst Farms Blvd, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Modern Commercial Space in Oconomowoc

      Prime leasing opportunity with versatile layouts and abundant natural light.
      Oconomowoc, WI 53066
      View Details
    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.
    Nwq Of Smt Ave & Oconomowoc Pkwy
    Oconomowoc, WI 53066
    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 Smt 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!