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    Hwy 59 & Saylesville Rd Waukesha, WI 53189

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    Hwy 59 & Saylesville Rd Waukesha, WI 53189

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    • Neighborhood centers
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    Cap Rate Potential
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    • Neighborhood centers

    Property Details for 0 Hwy 59 & Saylesville Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is situated at the high-traffic intersection of Hwy 59 and Saylesville Road in Waukesha, Wisconsin, within Waukesha County. The property is a strip center offering one available retail space. While the exact square footage is currently unavailable, this presents a unique chance to establish or expand your business in a vibrant and accessible location. The address is easily identifiable and benefits from excellent visibility due to its placement on a major highway and connecting road. The property type is classified as retail, specifically a strip center, making it ideal for a variety of businesses. The multiple tenancy structure suggests a thriving commercial environment. This location in Waukesha, WI, zip code 53189, offers convenient access for customers and employees alike. The geographic coordinates are 42.961791 latitude and -88.332379 longitude, allowing for easy location verification and mapping. This listing presents a blank canvas for a prospective tenant to create a successful retail venture. Further details regarding the available space can be provided upon request. Interested parties are encouraged to inquire promptly to secure this prime retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3324
    Latitude
    42.9618

    Comparable in this City

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      Sunset Dr & Oakdale Dr

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    • Value Estimation
      $3,735,000
      118,926 SF

      120 Sunset Dr

      SHOPPING CENTER, STRIP CENTER • 118,926 SF
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    • Value Estimation
      $910,000
      5,334 SF

      431 Sunset Dr

      SHOPPING CENTER, STRIP CENTER • 5,334 SF
      431 Sunset Dr, Waukesha, WI 53189-7467
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    • Value Estimation
      $1,070,000
      16,800 SF

      203 Sunset Dr

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      203 Sunset Dr, Waukesha, WI 53189-7603
      View Details
    • Value Estimation by Request
      6,375 SF

      116 Sunset Dr

      SHOPPING CENTER, STRIP CENTER • 6,375 SF
      116 Sunset Dr, Waukesha, WI 53189-2109
      View Details
    • Value Estimation
      $960,000
      27,738 SF

      101 Sunset Dr

      SHOPPING CENTER, STRIP CENTER • 27,738 SF
      101 Sunset Dr, Waukesha, WI 53189-7604
      View Details

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      Waukesha Manufacturing Building For Sale

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      Waukesha Commercial Development Opportunity

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      Prime Commercial Land Opportunity

      Almost 5 acres of commercially zoned land for development.
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      Waukesha Corner Lot For Sale

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    Similar Nearby for Lease

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      2,795 SF

      Waukesha Retail Space Available

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      Retail Space Available For Rent

      Retail space available for rent in Waukesha, Wisconsin.
      Hwy 59 & Saylesville Rd, Waukesha, WI 53189
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      2,500 SF

      Waukesha Storefront/Office and Storage Space

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      Retail Space on Sunset Drive

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      Retail Space Inside Meijer

      Retail opportunity available within a Meijer store.
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      Retail Space For Lease

      Retail space available for lease in Waukesha, Wisconsin.
      159 E Sunset Dr, Waukesha, WI 53189
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    Waukesha, WI 53189
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    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
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