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    2304 Grandview Blvd Waukesha, WI 53188-1604
    Property profile & analytics

    2304 Grandview Blvd Waukesha, WI 53188-1604

    View on Map
    • Office buildings
    • 3,373 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US92-0752993
    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
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Massage Therapy Center / Alternative Medicine Practice / Spa & Massage Center
    • State Farm Insurance / Insurance Agency
    • Chudy Chiropractic Clinic / Alternative Medicine Practice
    • Louis Chudy / Alternative Medicine Practice
    • Alan Hulliberger - State Farm Insurance Agent / Insurance Agency

    Property Details for 2304 Grandview Blvd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    3,373 SF
    Zone code
    B-5
    Property type
    Office buildings
    APN
    WAKC0975983003
    APU
    WAKC0975983003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $706,000
      Market price range: $316k - $2.29M
      AI Estimate
      $594,000
      Market price range: $222k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2564
    Latitude
    43.0346
    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
    $4,405
    $183,000
    $108,700
    $291,700
    -
    $0.00
    $0.00
    $301,999

    Comparable in this City

    • Value Estimation
      $4,875,000
      14,889 SF

      2400 Grandview Blvd

      OFFICE BUILDING • 14,889 SF
      2400 Grandview Blvd, Waukesha, WI 53188-1605
      View Details
    • Value Estimation by Request
      516 SF

      234 Brk St, Unit 9

      OFFICE BUILDING • 516 SF
      234 Brk St, Waukesha, WI 53188-3763
      View Details
    • Value Estimation
      $16,220,000
      81,281 SF

      2607 Grandview Blvd

      OFFICE BUILDING • 81,281 SF
      2607 Grandview Blvd, Waukesha, WI 53188-1686
      View Details
    • Value Estimation
      $510,000
      2,227 SF

      128 Saint Paul Ave

      OFFICE BUILDING • 2,227 SF
      128 Saint Paul Ave, Waukesha, WI 53188-3761
      View Details
    • Value Estimation
      $1,115,000
      17,786 SF

      2314 Grandview Blvd

      OFFICE BUILDING • 17,786 SF
      2314 Grandview Blvd, Waukesha, WI 53188-1675
      View Details
    • Value Estimation
      $1,515,000
      6,644 SF

      640 Moreland Blvd

      OFFICE BUILDING • 6,644 SF
      640 Moreland Blvd, Waukesha, WI 53188-2433
      View Details

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    • Contact for pricing
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      Former city annex building in downtown Waukesha for sale.
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      Riverwood Corporate Center Office Property

      Multi-tenant Class A office property in Pewaukee, Wisconsin.
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      Waukesha Office Building Investment

      Modern office building in Waukesha, WI, with flexible floor plan.
      N19W24101 Riverwood Dr, Waukesha, WI 53188
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    • $1,225,000
      15,728 SF

      Waukesha Office Space For Rent

      Office space near Waukesha County Courthouse and downtown area.
      707 W Moreland Blvd, Waukesha, WI 53188
      View Details
    • $174,900
      0.26 Acres

      Residential Land in Waukesha, WI

      Vacant land in a new home neighborhood with scenic views.
      Lt35 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900
      0.31 Acres

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt36 White Oak Way, Waukesha, WI 53188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near I-94

      Office building with high visibility and convenient highway access.
      2607 N Grandview Blvd, Waukesha, WI 53188
      View Details
    • $19 SF/Yr
      2,036 SF

      Waukesha Office Space For Rent

      Class B office building in Waukesha, newer construction, great location.
      3228 Turnberry Oak Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Waukesha Data Center and Office

      Two-story data center with office space for lease.
      N15W24250 Riverwood Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing

      Pewaukee Office Space Available

      Office spaces for rent, ranging from 33,500 to 125,000 SqFt.
      W234 Ridgeview Parkway Ct, Pewaukee, WI 53188
      View Details
    • Contact for pricing

      Waukesha Office Space For Lease

      Office space available for lease in Waukesha, Wisconsin.
      3228 Turnberry Oak Dr, Waukesha, WI 53188
      View Details
    • $11 SF/Yr
      12,204 SF

      Modern Office Space Available

      Multi-tenant office property with renovated common areas and ample parking.
      N14W23755 Stone Ridge Dr, Waukesha, WI 53188
      View Details
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    Waukesha, WI 53188-1604
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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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