1507 E Sunset Dr, Waukesha, WI 53189
- Office buildings
- 13,496 SF
- 2.39 lot acres
Current Use by Public Records
- Hot-Tap LLC / Water Utility Company
- Julie Benitez - COUNTRY Financial / Insurance Agency
- Kraklow Family Dentistry / Dental Office
- First Weber Group Waukesha - Dan Stair / Real Estate Agency
- Sarona Homes / Construction Company / General Contractor
Property Details for 1507 E Sunset Dr
- Year built
- 1990
- Lot size
- 2.39 lot acres
- Zone code
- B-4
- Property type
- Office buildings
- APN
- WAKC1349032
- APU
- WAKC1349032
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2024 | $2,150,000 | 1507 E Sunset LLC | Sussex 164 LLC | Warranty Deed | $1.5M · Premier Bank |
| Sep 27, 2021 | — | Sussex 164 LLC | — | Deed · related | $1.2M · Old National Bank |
| Feb 26, 2021 | $637,000 | Sussex 164 LLC | Bachowski Trust | Warranty Deed | — |
| Nov 4, 2005 | — | Bachowski Philip L Family | Bachowski,philip L | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a fully leased, 14,200 square foot Class B office building situated on a 2.3-acre lot in Waukesha, Wisconsin. Located at 1507 E. Sunset Drive, this single-story building boasts 80 parking spaces and benefits from a high-traffic corner location on Les Paul Parkway (Highway 164), with over 21,000 vehicles passing daily, providing excellent signage visibility. Built in 1990, the property features seven units with a diverse tenant mix including medical, financial, and professional services businesses, ensuring a stable income stream. The current occupancy is 100%, generating a Net Operating Income (NOI) of $227,686 and an 8.76% cap rate. The asking price is $2,600,000, translating to $183.10 per square foot. The property is zoned B-1 and offers a gross lease structure with built-in rent bumps ranging from 3% to 5%, providing future income growth potential. This fee-simple ownership opportunity presents a compelling investment in a thriving Waukesha location. The property's strong tenant base, including established businesses like a family dentistry practice, Edward Jones, and First Weber, contributes to its exceptional stability and long-term value. This is a stabilized investment asset with a proven track record of success.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,150,000
- ML approach
- $2,150,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,611,000
Market price range: $873k - $2.84M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,230,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waukesha
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.2092
- Latitude
- 42.9857
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
