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Property profile & analytics
FOR LEASE
Strip malls

501 S Grand Ave Waukesha, WI 53186

10,349 SF 0.4 ac lot Built 1972
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1280210
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Total area 10,349 SF
Lot 0.4 ac (17,424 SF)
Zoning code B-1
APN WAKC1333383
UPID US92-1280210
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Diabetic Shoppe Pharmacy
  • ValuCare Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
501 Grand LLC · 18 yrs held
501 Grand LLC
since 2007
7 recorded transactions
2025
Price N/A
2024
Price N/A
2017
Price N/A
2009
Price N/A
2007
$455,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 20.99 ac
Source Realmo
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