Renovated Flex Space with Trail
For Sale
$565,000
8655 N 43rd St, Brown Deer, WI 53209
Y, Brown Deer, WI
Property Size4,000 SF
Lot Size0.93 Acres
Price / SF$141.25
Days on Market128
Property Features for 8655 N 43rd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OVPD
Directions
Brown Deer to Deerwood South to 43rd St
Standard status
Active
APN
0479987001
Size
4,000 SF
Lot size
0.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6819
Amenities
pergola patio
trail access
Building Details
Year built
1940
Architectural style
Other
Listing Agency:
Keller Williams Milwaukee North Shore · Keller Williams Realty
(414) 962-3605
Listed By:
On Point Realty Group* · License #82189-94
(262) 671-6868
Added: Jun 1
Changed: Sep 29
Last Checked: Oct 6 at 5:06AM
MLS# 1965531
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,000-square-foot commercial property is configured as flex space within an updated cinderblock building. The three-unit layout includes an approximately 2,450-square-foot open training and flex area, a roughly 200-square-foot wellness studio, and an approximately 800-square-foot private office suite. The building includes four-unit HVAC, a good roof, a large pergola patio, and an oversized parking lot. Constructed in 1940, the property is positioned for owner-user occupancy or continued multi-unit use.
The 0.93-acre site has direct access to the Oakleaf Trail and is located in Brown Deer, Wisconsin, near new development. Zoning is OVPD. The commercial site also offers additional development opportunity, providing flexibility for future planning. Its existing layout and trail connection support fitness, wellness, bike-related, and hospitality uses as identified for the property.
The 0.93-acre site has direct access to the Oakleaf Trail and is located in Brown Deer, Wisconsin, near new development. Zoning is OVPD. The commercial site also offers additional development opportunity, providing flexibility for future planning. Its existing layout and trail connection support fitness, wellness, bike-related, and hospitality uses as identified for the property.
Key Highlights
- 4,000‑square‑foot commercial building on a 0.93‑acre site
- Three‑unit layout with approximately 2,450 SF flex space, approximately 200 SF studio, and approximately 800 SF office
- Direct access to the Oakleaf Trail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,738
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,760
$914.8K
Cap Rate 7%
$653,400
$653.4K
Cap Rate 9%
$508,200
$508.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$79.2K $19.80/SF
− Vacancy
−$18.2K −$4.55/SF
EGI
$61.0K $15.25/SF
− OpEx
−$15.2K −$3.81/SF
NOI
$45.7K $11.43/SF
Area
ZIP 53209
Vacancy
23.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,760
Cap Rate 7%
$653,400
Cap Rate 9%
$508,200
Alternative Uses
Best Use
Office B
$653.4K
$571.7K – $762.3K
NOI $45,738 @ 7.0% cap · market cap 8.10%
Second Best
Flex RnD
$544.7K
$476.6K – $635.4K
NOI $38,126 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs Brown Deer Marketplace — 9070 N Green Bay Rd, Brown Deer, WI 53209
Frequently Asked Questions
What type of property is this?
Flex space - Cinderblock commercial building with three flexible units, patio space, oversized parking, and a move-in-ready configuration.
Where is this flex space located?
The property is located at 8655 N 43rd St Brown Deer, WI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 4,000‑square‑foot commercial building on a 0.93‑acre site; Three‑unit layout with approximately 2,450 SF flex space, approximately 200 SF studio, and approximately 800 SF office; Direct access to the Oakleaf Trail
