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Property profile & analytics
OFF-MARKET Estimated value $920,000
Commercial real estate

10218 Prt Washington Rd Mequon, WI 53092-5742

0.84 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US92-0133597
Property summary
AI-generated overview

This two-story, 13,785 square foot Class B office building, located at 10218 N Port Washington Rd in Mequon, Wisconsin, presents a unique investment opportunity. Built in 1980, the property sits on 0.84 acres and is zoned B-2. The building features a finished garden level and is suitable for single or multi-tenant occupancy, with spaces ranging from 325 to 13,785 contiguous square feet. Currently, 13,500 square feet are vacant. The building boasts high-end interior finishes, including private and executive offices, and two gas fireplaces. A security alarm system is in place. The property is part of a condo association, providing shared parking and easements. Benefit from excellent visibility and high traffic counts, with approximately 12,800 vehicles passing daily on N Port Washington Rd, offering prominent signage opportunities. This versatile property is ideal for a variety of office uses, including traditional, executive, and medical offices. The building has 13 suites in total.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Lot 0.84 ac (36,590 SF)
APN 15-127-06-050.00
UPID US92-0133597
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k
Owner & transaction history
Mpw Offices LLC · 3 yrs held
Mpw Offices LLC
since 2022
Last sale
$900,000
3 recorded transactions
2023
Price N/A
2022
$900,000
2000
$638,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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