Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    573 Westfield Way Pewaukee, WI 53072-6590
    Back to Search
    Property profile & analytics

    573 Westfield Way, Pewaukee, WI 53072-6590

    View on Map
    • Commercial real estate
    • 0.71 lot acres
    Off-Market
    Last Sale Mar 29, 2024
    Property ID
    US92-0520739
    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 real estate

    Property Details for 573 Westfield Way

    Lot size
    0.71 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    PWV 0902112
    APU
    PWV0902112

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 29, 2024 — Wexford Place LLC Wexford Place 573 LLC Quit Claim Deed · related $1.1M · Jp Morgan Chase Bank
    Jul 9, 2013 — Wexford Place 573 LLC 573 Westfield Way LLC Quit Claim Deed · related —
    Aug 24, 2005 — Kelley J Cork Cork Kelley J Trust Quit Claim Deed · related —
    — — Wexford Place 573 LLC — Deed Of Trust · related $770k · Landmark Cu
    — — Kenneth J Cork — Deed Of Trust · related $672k · North Shore Bank Fsb
    — — Wexford Place 573 LLC — Deed Of Trust · related $745k · Landmark Cu

    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
    Pewaukee
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2348
    Latitude
    43.088
    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
    $11,994
    $148,500
    $655,200
    $803,700
    -
    $0.00
    $0.00
    $971,500

    Comparable in this City

    • Value Estimation by Request
      6.49 Acres

      W240N2687 Pewaukee Rd

      Land
      W240N2687 Pewaukee Rd, Pewaukee, WI 53072
      View Details
    • Value Estimation by Request
      1.27 Acres

      1468 Capitol Dr

      COMMERCIAL (GENERAL)
      1468 Capitol Dr, Pewaukee, WI 53072-2656
      View Details
    • Value Estimation by Request
      0.94 Acres

      1390 Capitol Dr

      COMMERCIAL (GENERAL)
      1390 Capitol Dr, Pewaukee, WI 53072-2522
      View Details
    • Value Estimation by Request
      1.18 Acres

      22nd Edgewater Dr

      COMMERCIAL (GENERAL)
      22nd Edgewater Dr, Pewaukee, WI 53072-5258
      View Details
    • Value Estimation by Request
      5.41 Acres

      590 Foxtail Dr

      COMMERCIAL (GENERAL)
      590 Foxtail Dr, Pewaukee, WI 53072-2499
      View Details
    • Value Estimation by Request
      76.27 Acres

      21500 Gumina Rd

      COMMERCIAL (GENERAL)
      21500 Gumina Rd, Brookfield, WI 53072-2958
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Grocery Store

      Retail property in front of Good Harvest grocery store.
      2177 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      214,745 SF

      Pewaukee Industrial Property for Sale

      Industrial property with dock doors, drive-in doors, and outside storage.
      1045 Hickory St, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Pewaukee Condo Near Downtown

      Condo in Pewaukee, walking distance to beach, shops, and restaurants.
      368 Park Hill Dr, Pewaukee, WI 53072
      View Details
    • New
      Contact for pricing
      34,685 SF

      Flex Property with Outside Storage

      Versatile flex site with outside storage and multiple buildings, visible from Highway 16 in the Lake Country area.
      400 Sussex St, Pewaukee, WI 53072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,914 SF

      Affordable Interior Office Suite

      Single office suite with shared waiting area and free parking.
      23960 Paul Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      51,466 SF

      Pewaukee Class A Distribution Space

      Class A distribution space with trailer staging near I-94.
      N17 Bluemound Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing
      5,400 SF

      Waukesha Warehouse with Outdoor Storage

      5,400 SF warehouse with outdoor storage potential near I-94.
      926 Silvernail Rd, Waukesha, WI 53072
      View Details
    • Contact for pricing
      1,669 SF

      Pewaukee Office Space for Rent

      Modern office space with tenant lounge and great views.
      24400 Riverwood Dr, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Market Leading Shopping Center

      Shopping center with excellent visibility and national tenants.
      2100 Silvernail Rd, Pewaukee, WI 53072
      View Details
    • Contact for pricing

      Pewaukee Office Space Available

      Office space for lease in Pewaukee, Wisconsin.
      2831 N Grandview Blvd, Pewaukee, WI 53072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    573 Westfield Way
    Pewaukee, WI 53072-6590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    573 Westfield Way, Pewaukee, WI, 53072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!