501 S Grand Ave Waukesha, WI 53186
For Lease
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This exceptional executive office space, located at 501 S Grand Avenue in Waukesha, Wisconsin, presents a compelling investment opportunity. The property, identified by APN WAKC1333382, encompasses a total of 11,989 square feet within a single-tenant building. Currently, 2,000 square feet of office space is available for immediate occupancy. The building sits on a 0.53-acre lot and offers ample parking with 33 spaces. The property's classification includes both retail and office uses, making it versatile and adaptable to a range of business needs. Situated in Waukesha County, Wisconsin, with a convenient Waukesha address and zip code 53186, this location offers excellent accessibility and visibility. The property is being offered for sale and represents a chance to acquire a well-maintained building in a desirable location. The existing tenant provides a stable income stream, while the vacant space presents potential for expansion or leasing to additional tenants. This is an ideal opportunity for investors seeking a strong return on investment in a thriving Wisconsin market. The property's size and amenities make it suitable for a variety of businesses seeking a prominent presence in Waukesha. Detailed information regarding the property's financial performance and lease terms is available upon request.
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Diabetic Shoppe Pharmacy
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ValuCare Pharmacy Pharmacy
To provide for individual or small groups of retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acr…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Waukesha, WITo provide for individual or small groups of retail and customer service establishments serving primarily the convenience of a local neighborhood, and the character, appearance, and operation of which are compatible with the character of the surrounding area, No such district established after the effective date of this Ordinance shall be less than three acres in area
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.