Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2301-2359 Silvernail Rd Pewaukee, WI 53072
    Back to Search
    Property profile & analytics

    2301-2359 Silvernail Rd, Pewaukee, WI 53072

    View on Map
    • Lifestyle centers
    • 29,427 SF
    • 8.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2301-2359 Silvernail Rd

    Lot size
    8.80 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Silvernail Village Shopping Center, located at 2301-2359 Silvernail Rd, Pewaukee, WI 53072, presents a compelling investment opportunity. This 29,427 square foot retail property, situated on an 8.8-acre lot, offers a 90% occupancy rate with a modified lease structure across multiple tenants. The property boasts a prime location in Waukesha County's desirable commercial district, enjoying high visibility from I-94 due to its proximity to two freeway exit ramps. The center features a diverse tenant mix including dining, entertainment, shopping, medical, wellness, and fitness options. Significant nearby businesses include Pick'n Save, McDonald's, Culver's, AT&T, Walgreens, Office Depot, and Papa Murphy's, further enhancing the property's appeal. The asking price is $2,325,000, translating to $79 per square foot. The property includes a large pylon sign and prominent facade signage. Recent improvements include parking lot resurfacing in 2022. Below-market rental rates offer potential for future income growth through lease adjustments. The offering includes a controlling interest in the condo association, encompassing eight of ten front units and six of ten back units. Opportunities exist to acquire remaining units for complete ownership. The property's APN numbers are WAKC0974017, WAKC0974018, WAKC0974019, WAKC0974020, WAKC0974021, WAKC0974024, WAKC0974025, WAKC0974026, WAKC0974027, WAKC0974028, WAKC0974029, WAKC0974030, WAKC0974031, WAKC0974032, WAKC0974033, WAKC0974034, WAKC0974035, WAKC0974036001, WAKC0974036, WAKC0974038, WAKC0974039. The property's strategic location near GE Healthcare campus, Waukesha County Airport, and Waukesha County Expo Center adds to its long-term value.

    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
    -88.2654
    Latitude
    43.0447

    Comparable in this City

    • Value Estimation by Request
      10,347 SF

      2177 Silvernail Rd

      Neighborhood centers
      2177 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Value Estimation by Request
      6,857 SF

      1921 Silvernail Rd

      Neighborhood centers
      1921 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Value Estimation
      $10,525,000
      117,030 SF

      2100 Silvernail Rd, Unit 2160

      MINI-MALL
      2100 Silvernail Rd, Pewaukee, WI 53072-5526
      View Details
    • Value Estimation
      $645,000
      6,606 SF

      1890 Mdw Ln

      SHOPPING CENTER, STRIP CENTER
      1890 Mdw Ln, Pewaukee, WI 53072-5580
      View Details
    • Value Estimation
      $1,865,000
      19,520 SF

      1820 Mdw Ln

      SHOPPING CENTER, STRIP CENTER
      1820 Mdw Ln, Pewaukee, WI 53072-5572
      View Details
    • Value Estimation by Request
      1,388 SF

      2005 Silvernail Rd

      Retail properties & Spaces
      2005 Silvernail Rd, Pewaukee, WI 53072
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Grocery Store

      Retail property in front of Good Harvest grocery store.
      2177 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      45,597 SF

      Pewaukee Retail Property For Sale

      Retail property available for purchase in Pewaukee, Wisconsin.
      2000-2030 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • $350,000
      2,004 SF

      Adaptable Property Near Pewaukee Lake

      Adaptable property near Pewaukee Lake with expansion potential.
      316 Oakton Ave, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      17,241 SF

      Retail Space Near Capitol Drive

      Retail space for lease with tenant improvement allowance available.
      1231 George Towne Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Retail Space on Capitol Drive

      Retail space with convenient parking and signalized access.
      1390 Capitol Dr, Pewaukee, WI 53072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space on Silvernail Road

      1,250 SF retail suite in a high-traffic area.
      2301-2359 Silvernail Rd, Waukesha, WI 53072
      View Details
    • Contact for pricing

      Market Leading Shopping Center

      Shopping center with excellent visibility and national tenants.
      2100 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • $16 SF/Yr
      17,241 SF

      Prime Pewaukee Retail Space Available

      11,000 SF Vacant Salon/Spa Space
      1231 George Towne Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Pewaukee Center

      Neighborhood retail center with monument signage and ample parking.
      690 Westfield Way, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available in Pewaukee, WI, near Hwy 16.
      615 East Ryan St, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      44,172 SF

      Mixed-Use Building in Waukesha

      Two-story mixed-use building with office and retail space.
      2301-2359 Silvernail Rd, Pewaukee, WI 53072
      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.
    2301-2359 Silvernail Rd
    Pewaukee, WI 53072
    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
    2301-2359 Silvernail Rd, Pewaukee, WI, 53072
    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!