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    Property profile & analytics
    OFF-MARKET Estimated value $3,045,000
    Manufacturing properties

    856 Armour Rd Ste B, Oconomowoc, WI 53066-3976

    2.27 ac lot
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US92-3336330
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Lot 2.27 ac (98,881 SF)
    Zoning code C
    APN OCOC0589115
    UPID US92-3336330
    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
    • Lake Area Free Clinic - Medical Clinic Charitable Organization Medical Clinic
    • OMCO SUMO Auto Parts Store
    • Dr. Robert Schwade Dental Office
    • Carrey Spencer Dental Office
    • Lake Area Free Clinic - Dental Clinic Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.05M
    Owner & transaction history
    856 Armour Road 1 LLC · 1 yrs held
    856 Armour Road 1 LLC
    since 2024
    Last sale
    $3.0M
    7 recorded transactions
    2024
    $3.0M
    2021
    $2.6M
    2019
    2014
    $1.3M
    2008
    2008
    $1.4M
    2006
    Zoning & alternative use
    C · Oconomowoc, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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