Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12605 W North Ave Brookfield, WI 53005

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Retail space with high visibility and ample parking.

    Type:Retail
    Property size:
    1,240 SF
    Added:
    Mar 25, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 18 at 8:24 am

    Property Features for 12605 W North Ave

    General Information

    Standard status
    Active
    Size
    1,240 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Devin Tessmer

    Listing agent Devin Tessmer

    Listing office CBRE, Inc.

    Listing date Mar 25, 2026

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.

    Overview

    Retail Space in Northfield Center

    The Northfield Shopping Center is situated across from Elmbrook Plaza, a neighborhood retail center anchored by Kohl’s. The property benefits from high visibility along North Avenue and offers ample parking. Current co-tenants include The UPS Store, Soccer World, Evolve Physical Therapy, Midwest Aquaculture, and Livingwell Home Care. The available space is suitable for retail or commercial use. The property has a size of 1240 square feet.
    Location Intelligence

    Current Use by Public Records

    The UPS Store Courier Service North Avenue Appliance ... Home Appliance Store StaffWerks (Bike/Boat/Book/etc) Store ShieldCase Store Electronics & Wireless Store WAAGR Pet Adoption Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Elm Brook Plaza — 2315 N 124th St, Brookfield, WI 53005
    • Value Beauty — N 124th St, Brookfield, WI 53005

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.069598
    Latitude
    43.059865

    Nearby Similar for Lease

    • Contact for pricing

      WI, Brookfield - Water Tower Blvd

      20225 Water Tower Blvd, Brookfield, WI 53045
      View Details
    • Contact for pricing

      WI, Brookfield - Bishops Way

      120 Bishops Way, Unit 1ST, Brookfield, WI 53005
      View Details
    • Sponsored
      Contact for pricing

      WI, Brookfield - Wisconsin Ave

      16815 Wisconsin Ave, Unit 1ST, Brookfield, WI 53005
      View Details
    • Contact for pricing

      Brookfield Square

      200 Executive Dr, Unit 101, Brookfield, WI 53005
      View Details
    • $16/mo

      Move-in Ready Medical Office Space

      Professional medical office space available in excellent location.
      20350 Water Tower Blvd, Brookfield, WI
      View Details
    • $14/mo

      Brookfield Office/Flex/Lab Space Available

      Office, flex, or lab space available for rent in Brookfield.
      150 N Patrick Blvd, Brookfield, WI
      View Details
    • Contact for pricing

      Retail Space in The Corridor

      Retail and medical office space in Brookfield's mixed-use development.
      350 Discovery Drive, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Brookfield Office Sublease Opportunity

      22,000 SF office sublease in premier Brookfield location.
      17335 Golf Parkway, Brookfield, WI, 53045
      View Details
    • Contact for pricing

      Brookfield Retail Space For Lease

      Retail space for lease in a mixed-use destination.
      15875 West Bluemound Road, Brookfield, WI, 53005
      View Details
    • Contact for pricing

      Brookfield Retail Space For Lease

      High-visibility retail space in a bustling Brookfield location.
      3930 N Brookfield Rd, Brookfield, WI 53045
      View Details
    • $20/mo

      Retail Space on Bluemound Road

      Retail space available for lease on Bluemound Road.
      18000 W Bluemound Road, Brookfield, WI, 53045
      View Details
    • $14/mo

      Brookfield Office Space Available

      Office space featuring four private offices, reception, and file room.
      2505 N 124th St, Brookfield, WI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and ample parking.
    Where is this shopping center located?
    The property is located at 12605 W North Ave Brookfield, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Great visibility along North Avenue.; Ample parking.; Located across from Elmbrook Plaza.
    (414) 274-1644
    We can help!
    Listing Contact
    Devin Tessmer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!