856 Armour Rd Ste B Oconomowoc, WI 53066-3976
- Manufacturing properties
- 2.27 lot acres
Current Use by Public Records
- Lake Area Free Clinic - Medical Clinic / Free Clinic / Dental Clinic
- OMCO SUMO / Bearing Supplier
- Dr. Robert Schwade / Dentist
- Carrey Spencer / Dental Hygienist
- Lake Area Free Clinic - Dental Clinic / Dental Clinic / Volunteer Organization
Property Details for 856 Armour Rd Ste B
- Lot size
- 2.27 lot acres
- Zone code
- C
- Property type
- Manufacturing properties
- APN
- OCOC0589115
- APU
- OCOC0589115
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,205,000
- 6.5%
- $2,895,000
- 7%
- $3,240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,310,000
- Geo Method
- $3,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,855,000
- Retail
- $2,550,000
- Mixed-Use
- $3,445,000
- Hospitality
- $3,005,000
- Educational
- $2,535,000
- Residential Income
- $2,575,000
- Energy
- $2,625,000
- Income-Based Land
- $2,805,000
- Food Service
- $3,505,000
Location Insight
- Map
- Local Demand
- City
- Oconomowoc
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.4835
- Latitude
- 43.1051
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
