9800 Bluemound Rd Wauwatosa, WI 53226-4353
This exceptional 21,500-square-foot medical office building presents a compelling investment opportunity. Located at 9800 W Bluemound Rd in Wauwatosa, Wisconsin, this two-story building boasts a prime location, offering immediate access to the Zoo Interchange and Highway 100. Its proximity to the Milwaukee County Zoo, Milwaukee Regional Medical Center, Milwaukee County Research Park, and Mayfair Mall further enhances its desirability. The property sits on a 0.66-acre lot and includes ample parking, with 2.7 spaces per 1,000 square feet (20 surface and 38 covered stalls). Constructed in 1970, the building underwent a complete renovation in 2020, resulting in a modern, energy-efficient structure. Improvements include brand new HVAC units, a passenger elevator with basement access, a new sprinkler and fire system, an updated security system, and expanded, fully rebuilt restrooms. Currently 100% occupied by three tenants with substantial lease terms remaining, this property offers a stable income stream and significant long-term potential. Its prominent location and high-quality renovations make it an attractive asset for discerning investors seeking a strong return on investment in a thriving medical corridor. The building's visibility along Bluemound Road provides excellent signage opportunities.
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
C2 · Wauwatosa, WIThe C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
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.