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    2133 Sawyer Rd Oconomowoc, WI 53066
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    2133 Sawyer Rd Oconomowoc, WI 53066

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    • Commercial land
    For Sale
    $2,500,000
    View Listing →
    23 Acre Site For Sale For Sale
    $2,500,000

    23 Acre Site For Sale

    23 acre commercial land for sale, I-94 frontage.

    2133 Sawyer Rd, Oconomowoc, WI 53066
    View Listing
    Property ID
    US92-0427349
    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

    • Commercial land

    Property Details for 2133 Sawyer Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    161,553 SF Costco on 23 Acres is now proposed for the NWC of I-94 and Sawyer Rd. Costco is seeking to have its usual fueling facility and car wash on the easternmost outlot along Pabst Farms Blvd. There are three additional outlots proposed going to the west for a total of ±2.5 Acres. Oconomowoc is in the process of changing the zoning for the parcel from Business Park to Commercial and Office Use to permit this project to proceed.

    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
    -88.44178
    Latitude
    43.0601636

    Comparable in this City

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      High Visibility Commercial Parcel For Sale

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    • $589,000
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      Oconomowoc Vacant Commercial Land

      1.72 acres of vacant land near I-94 and Hwy 67.
      1270 Corporate Center Dr, Oconomowoc, WI 53066
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      Land in Pro-Business Jefferson County

      Land with development incentives, visible from I-94, near Milwaukee and Madison.
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      75,000 SF

      Oconomowoc Land Available For Sale

      Land available for sale at Summit Ave. & Oconomowoc Pkwy.
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      40,835 SF

      Oconomowoc Warehouse For Sale

      40,835 SF warehouse/industrial property available for sale.
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      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details

    Similar Nearby for Sale

    • $910,000
      65,340 SF

      High Visibility Commercial Parcel For Sale

      1.5 acre commercial parcel with Valley Road frontage.
      36520 Valley 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
    • 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
      75,000 SF

      Oconomowoc Land Available For Sale

      Land available for sale at Summit Ave. & Oconomowoc Pkwy.
      Nwq Of Smt Ave. & Oconomowoc Pkwy, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      40,835 SF

      Oconomowoc Warehouse For Sale

      40,835 SF warehouse/industrial property available for sale.
      1190 Corporate Center Dr, Oconomowoc, WI 53066
      View Details
    • Contact for pricing
      37,371 SF

      Oconomowoc Retail Portfolio For Sale

      Portfolio of four retail properties totaling 37,371 square feet.
      203 E Wisconsin Ave, Oconomowoc, WI 53066
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in Oconomowoc, Wisconsin.
      1280 Brown St, Oconomowoc, WI 53066
      View Details
    • $20 SF/Yr
      2,500 SF

      Oconomowoc Office Space For Rent

      Class A office space with convenient Interstate access and ample parking.
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    • Contact for pricing
      950 SF

      Retail Space in Oconomowoc

      Multi-tenant building with high visibility and strong co-tenants.
      W359 Brown St, Oconomowoc, WI 53066
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      Restaurant and Retail Space Available

      Restaurant and retail spaces with outdoor patio and parking.
      Olympia Fields Dr, Oconomowoc, WI 53066
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      Oconomowoc Parkway Office Space

      Office space available for lease on Oconomowoc Parkway.
      1040 Oconomowoc Pkwy, Oconomowoc, WI 53066
      View Details
    • Contact for pricing

      Retail Space in Oconomowoc

      High-visibility retail space in a multi-tenant building.
      W359N5002 Brown St, Oconomowoc, WI 53066
      View Details
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    Oconomowoc, WI 53066
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    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
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