856 Armour Rd Ste B, Oconomowoc, WI 53066-3976
This exceptional 49,757 square foot office and industrial property, located at 856 Armour Rd in Oconomowoc, Wisconsin, is offered at $3,293,000 ($66.18/sq ft). The property boasts a strong net operating income (NOI) of $263,465. Situated on a 2.27-acre lot (APN: OCOC 0589 115), this metal-constructed building features a variety of improvements completed within the last 1-2 years, including a new roof and HVAC units with updated ductwork. Ceiling heights vary, offering 26', 22', and 12' clearances. The property includes one loading dock with two grade-level access points, and potential for a third via ramping. The building is equipped with a 10-ton crane (currently not in use), a 2 & 5-ton crane, two large industrial fans, and 208 3-phase, 800 AMP+ power distribution. Lighting is LED, and heating is provided by a gas-fired unit. A quality control room with air conditioning, a large first-floor break room, and existing clinic and dental spaces (occupied since 2008 and 2017 respectively, with multiple improvements in 2017/18) are key features. While a small area of the offices is sprinklered, the majority of the building is not. The property also benefits from ADT security. This versatile property presents a unique opportunity for a variety of businesses seeking a well-maintained and strategically located facility in Waukesha County.
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Lake Area Free Clinic - Medical Clinic Charitable Organization Medical Clinic
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OMCO SUMO Auto Parts Store
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Dr. Robert Schwade Dental Office
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Carrey Spencer Dental Office
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Lake Area Free Clinic - Dental Clinic Dental Office
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
C · Oconomowoc, WIOconomowoc. Always verify with local authorities before improvements.
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.