Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    N19 W24130 Riverwood Dr Pewaukee, WI 53188
    Back to Search
    Property profile & analytics

    N19 W24130 Riverwood Dr, Pewaukee, WI 53188

    View on Map
    • Office Spaces
    • 57,318 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for N19 W24130 Riverwood Dr

    Property type
    Office Spaces

    Description

    This exceptional Class A office property, the Riverwood Corporate Center, located at N19 W24130 Riverwood Drive in Pewaukee, Wisconsin, offers a total of 57,318 square feet of premium office space. The three-story building is currently fully vacant and available for lease. The property is categorized as both Executive and Traditional Office space, providing flexibility for various business needs. The minimum divisible space is 19,106 square feet, which is also the maximum contiguous space currently available. This presents a unique opportunity for a single large tenant or the possibility of dividing the space to accommodate multiple occupants. The building boasts ample parking, with a ratio of 5.78 spaces per 1,000 square feet. Situated in Waukesha County, Wisconsin, zip code 53188, this property offers convenient access to local amenities and transportation routes. The building's impressive size and prime location make it an ideal choice for businesses seeking a prestigious and functional workspace. All 57,318 square feet are immediately available. Contact us today to learn more about leasing opportunities at this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pewaukee
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2277
    Latitude
    43.0579

    Comparable in this City

    • Value Estimation by Request
      22,528 SF

      N21W23340 Ridgeview Pkwy

      Office Spaces
      N21W23340 Ridgeview Pkwy, Waukesha, WI 53188
      View Details
    • Value Estimation by Request
      72,000 SF

      N16W23390 Stone Ridge Dr

      Office Spaces
      N16W23390 Stone Ridge Dr, Waukesha, WI 53188
      View Details
    • Value Estimation by Request
      1,200 SF

      2313 Silver Fox Ct

      CONDOMINIUM OFFICES
      2313 Silver Fox Ct, Waukesha, WI 53188
      View Details
    • Value Estimation
      $2,170,000
      1,200 SF

      2319 Silver Fox Ct

      CONDOMINIUM OFFICES
      2319 Silver Fox Ct, Waukesha, WI 53188
      View Details
    • Value Estimation
      $2,170,000
      3,200 SF

      2327 Silver Fox Ct

      CONDOMINIUM OFFICES
      2327 Silver Fox Ct, Waukesha, WI 53188
      View Details
    • Value Estimation
      $2,170,000
      1,200 SF

      2303 Silver Fox Ct

      CONDOMINIUM OFFICES
      2303 Silver Fox Ct, Waukesha, WI 53188-2791
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,606 SF

      Riverwood Corporate Center Office Property

      Multi-tenant Class A office property in Pewaukee, Wisconsin.
      N19W24101 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Waukesha Office Building Investment

      Modern office building in Waukesha, WI, with flexible floor plan.
      N19W24101 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing
      6,629 SF

      Pewaukee Office Space For Rent

      Office space with excellent I-94 access and ample parking.
      23233 Stone Ridge Dr, Pewaukee, WI 53188
      View Details
    • Contact for pricing
      10,500 SF

      Updated Office Space in Pewaukee

      Modern office space with Class A finishes and monument signage.
      N21 Ridgeview Pkwy, Pewaukee, WI 53188
      View Details
    • Contact for pricing
      11,000 SF

      Downtown Waukesha Former City Annex

      Former city annex building in downtown Waukesha for sale.
      130 Delafield St, Waukesha, WI 53188
      View Details
    • Contact for pricing
      15,728 SF

      Waukesha Office Space For Rent

      Office space near Waukesha County Courthouse and downtown area.
      707 W Moreland Blvd, Waukesha, WI 53188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Waukesha Office Space For Lease

      Office space available for lease in Waukesha, Wisconsin.
      N21W23340 Ridgeview Pkwy, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Pewaukee Office Space Available

      Office spaces for rent, ranging from 33,500 to 125,000 SqFt.
      W234 Ridgeview Parkway Ct, Pewaukee, WI 53188
      View Details
    • Contact for pricing
      3,000 SF

      Waukesha County Office Space

      Office space with easy I-94 access and high visibility.
      W239 Busse Rd, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Waukesha Office Space Available

      Office spaces for rent ranging from 2,165 to 23,580 SqFt.
      N19W24133 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Office Space with Direct Entrance

      First floor office space available for lease.
      W239 Rockwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing
      638 SF

      Pewaukee Office Space For Rent

      Office space for rent with excellent visibility and access.
      23833 Stone Ridge Dr, Pewaukee, WI 53188
      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.
    N19 W24130 Riverwood Dr
    Pewaukee, WI 53188
    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
    N19 W24130 Riverwood Dr, Pewaukee, WI, 53188
    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!