Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Shore Dr Hartland, WI 53029

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    501 Shore Dr Hartland, WI 53029

    View on Map
    • Retail properties & Spaces
    • 118,126 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 501 Shore Dr

    Property size
    118,126 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at the highly visible corner of Milwaukee's North Shore, boasting prime access from both Port Washington Avenue and Silver Spring Drive. The property, known as The Offices @ Bayshore, comprises a four-story building totaling 118,126 square feet, offering multiple tenancy options. Individual spaces range from a minimum of 9,080 square feet to a maximum contiguous space of 49,550 square feet, with the entire 118,126 square feet currently vacant. The building features ample parking, with a ratio of 4 spaces per 1,000 square feet. Its strategic location provides superb visibility from I-43, ensuring high traffic and exposure. The property benefits from refreshed lobbies, abundant natural light, and an attractive aesthetic. Tenants and their customers can enjoy the convenience of an on-site mixed-use town center campus, including "The Yard" for events and entertainment, a variety of top-tier retailers, and a new ACX theater. This unique location offers a vibrant and convenient environment, making it an ideal destination for businesses seeking a thriving North Shore presence in Waukesha County. The property is situated within a dynamic community, providing a one-stop shop for work, leisure, and retail needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartland
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3576
    Latitude
    43.0766

    Comparable in this City

    • Value Estimation by Request
      81,639 SF

      3161 Village Square Dr

      Retail properties & Spaces • 81,639 SF
      3161 Village Square Dr, Hartland, WI 53029
      View Details
    • Value Estimation by Request
      0.77 Acres

      Hartland, WI 53029

      COMMERCIAL (GENERAL) • 0.77 Acres
      Hartland, WI 53029
      View Details
    • Value Estimation
      $575,000
      4.77 Acres

      2975 Vlg Sq Dr, Unit 323

      COMMERCIAL (GENERAL) • 4.77 Acres
      2975 Vlg Sq Dr, Hartland, WI 53029-8372
      View Details
    • Value Estimation
      $545,000
      2.06 Acres

      200 Capitol Dr

      COMMERCIAL (GENERAL) • 2.06 Acres
      200 Capitol Dr, Hartland, WI 53029-2106
      View Details
    • Value Estimation by Request
      0.03 Acres

      700 Hartbrook Dr

      COMMERCIAL (GENERAL) • 0.03 Acres
      700 Hartbrook Dr, Hartland, WI 53029-1435
      View Details
    • Value Estimation
      $525,000
      2.25 Acres

      720 Industrial Ct

      COMMERCIAL (GENERAL) • 2.25 Acres
      720 Industrial Ct, Hartland, WI 53029-2312
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grocery-Anchored Shopping Center For Sale

      Grocery-anchored shopping center in Wisconsin's Lake Country.
      3161 Village Square Dr, Hartland, WI 53029
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      701 W Capitol Dr, Hartland, WI 53029
      View Details
    • $589,000
      0.10 Acres

      Hartland Four-Unit Investment Property

      Well-maintained four-unit property in Hartland, WI, with strong rental appeal.
      535 Merton Ave, Hartland, WI 53029
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      81,639 SF

      Village Square Retail Space - Hartland, WI

      Prime Retail Space, Waukesha County, WI
      3161 Village Square Dr, Hartland, WI 53029
      View Details
    • $18 SF/Yr

      Retail Space in Sendik's Plaza

      Retail space for lease in Hartland's Sendik's anchored plaza.
      600 Hartbrook Dr, Hartland, WI 53029
      View Details
    • Contact for pricing

      Retail Space in Hartland Center

      Retail space available in Piggly Wiggly anchored shopping center.
      505 Cottonwood Ave, Hartland, WI 53029
      View Details
    • Contact for pricing
      1,344 SF

      Hartland Office Space For Rent

      Office space in Hartland, overlooking Nixon Park.
      300 Cottonwood Ave, Hartland, WI 53029
      View Details
    • $14 SF/Yr
      2,364 SF

      Hartland Office Space For Rent

      Office space for rent with highway visibility and signage.
      860-870 Rose Dr, Hartland, WI 53029
      View Details
    • Contact for pricing
      2,400 SF

      Flex Space in Commerce Center

      Flex space featuring office and warehouse areas with drive-in door.
      1190 Richards Rd, Hartland, WI 53029
      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.
    501 Shore Dr
    Hartland, WI 53029
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!