Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    129 Wisconsin Ave, Unit A Oconomowoc, WI 53066-3033
    Property profile & analytics

    129 Wisconsin Ave, Unit A, Oconomowoc, WI 53066-3033

    View on Map
    • Commercial real estate
    • 0.18 lot acres
    Off-Market
    Last Sale Sep 9, 2024
    Property ID
    US92-0619048
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oakbrook-Esser Studios / Interior Design / Home Decor Store

    Property Details for 129 Wisconsin Ave

    Lot size
    0.18 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    OCOC0563217001
    APU
    OCOC0563217001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2024 — Phelps Joint Trust Paul E Phelps Quit Claim Deed · related —
    — — Paul E Phelps — Deed Of Trust · related $260k · Milwaukee Western Bk
    — — Paul E Phelps — Deed Of Trust · related —
    — — Paul E Phelps — Deed Of Trust · related $50k · Milwaukee Western Bank
    — — Paul E Phelps — Deed Of Trust · related $100k · Milwaukee Western Bank
    — — Paul E Phelps — Deed Of Trust · related $265k · First Bank Financial Centre

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.4987
    Latitude
    43.1107
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,137
    $71,300
    $387,200
    $458,500
    -
    $0.00
    $0.00
    $478,500

    Comparable in this City

    • Value Estimation by Request
      218,000 SF

      94 Wi-67

      Land
      94 Wi-67, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      18.00 Acres

      2133 Sawyer Rd

      Land
      2133 Sawyer Rd, Oconomowoc, WI 53066
      View Details
    • Value Estimation by Request
      3.00 Acres

      Confidential

      Commercial real estate
      Confidential, Oconomowoc, WI 53066
      View Details
    • Value Estimation
      $570,000
      2.31 Acres

      1521 Unity Dr

      COMMERCIAL (GENERAL)
      1521 Unity Dr, Oconomowoc, WI 53066-4602
      View Details
    • Value Estimation by Request
      3.18 Acres

      155 Wisconsin Ave

      COMMERCIAL (GENERAL)
      155 Wisconsin Ave, Oconomowoc, WI 53066-5204
      View Details
    • Value Estimation by Request
      0.03 Acres

      152 Wisconsin Ave

      COMMERCIAL (GENERAL)
      152 Wisconsin Ave, Oconomowoc, WI 53066-3034
      View Details

    Similar Nearby for Sale

    • $1,850,000
      3.00 Acres

      Lake Country Restaurant - Oconomowoc

      Established Restaurant, 3 Acres, High Clientele
      Confidential, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Land in Pro-Business Jefferson County

      Land with development incentives, visible from I-94, near Milwaukee and Madison.
      Concord Rd, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Oconomowoc Duplex Opportunity

      Duplex in Oconomowoc with two 2-bedroom units.
      138 W 2Nd St, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      6,319 SF

      Retail and Apartment Investment Property

      Leased retail and apartment units in Oconomowoc, Wisconsin.
      128 Silver Lake Plz, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      41,857 SF

      Industrial Property with Established Tenants

      Well-maintained industrial property with stable income and functional features.
      856 Armour Rd, Oconomowoc, WI 53066
      View Details
    • $589,000
      1.72 Acres

      Oconomowoc Vacant Commercial Land

      1.72 acres of vacant land near I-94 and Hwy 67.
      1270 Corporate Center Dr, Oconomowoc, WI 53066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Commercial Space in Oconomowoc

      Prime leasing opportunity with versatile layouts and abundant natural light.
      Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      3,361 SF

      Oconomowoc Flex Space For Rent

      Flex space in Oconomowoc Corporate Center near I-94.
      1833 Executive Dr, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      40,000 SF

      Oconomowoc Warehouse Space Available

      40,000 square foot warehouse space for rent in Oconomowoc.
      1585 Town Ctr Way, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      226,800 SF

      Oconomowoc Warehouse and Distribution Space

      226,800 SF warehouse and distribution space near I-94.
      1000 Blue Ribbon Cir N, Oconomowoc, WI 53066
      View Details
    • $18 SF/Yr

      Retail Space Near Sendik's Market

      Retail spaces and outlots available near Sendik's Food Market.
      1450 E Summit Ave, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      218,000 SF

      Oconomowoc Commercial Land Opportunity

      Prime 27-acre commercial land, flexible parcels.
      94 Wi-67, Oconomowoc, WI 53066
      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.
    129 Wisconsin Ave, Unit A
    Oconomowoc, WI 53066-3033
    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
    129 Wisconsin Ave, Oconomowoc, WI, 53066
    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!