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

    13800 W North Ave Brookfield, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant medical office building with adaptable floor plan.

    Type:OFFICE
    Property size:
    6,566 SF
    Lot size:
    1.89 Acres
    Added:
    Jul 1, 2024
    Days on Market:
    669
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 13800 W North Ave

    General Information

    Standard status
    Active
    Size
    6,566 SF
    Lot size
    1.89 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 13800 W North Ave Contact us

    We can help!

    Listing Contact
    Kevin Armstrong

    Listing agent Kevin Armstrong

    Listing office Irgens Partners - Milwaukee

    Listing date Jul 1, 2024

    Source Moodyscre

    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 Irgens Partners - Milwaukee

    Overview

    Brookfield Medical Office Space Available

    LILLY CENTRE is a multi-tenant medical office building situated at the northeast corner of North Avenue and Lilly Road in Brookfield. The property offers tenants and guests good visibility and access. The building features a flexible and adaptable floor plan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lilly Center Medical Clinic Po Ann Cheah ... Physician Greater Milwaukee Plastic ... Physician Philip L Sonderman ... Physician Kinney Thomas E ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.0856
    Latitude
    43.0611

    Nearby Similar for Lease

    • Sponsored
      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
    • 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
    • $35 SF/Yr

      Retail Space on Bluemound Road

      Retail space available in Brookfield with high visibility signage.
      16065 West Bluemound Road, Brookfield, WI, 53005
      View Details
    • $16 SF/Yr

      Move-in Ready Medical Office Space

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

      Brookfield Office/Flex/Lab Space Available

      Office, flex, or lab space available for rent in Brookfield.
      150 N Patrick Blvd, Brookfield, WI
      View Details
    • $17 SF/Yr

      Retail Space in Northfield Center

      Retail space with high visibility and ample parking.
      12605 W North Ave, Brookfield, WI, 53005
      View Details
    • $18 SF/Yr

      Class A Retail Space Available

      Retail space in active Bluemound Road corridor, opened in 2018.
      285 Discovery Drive, Brookfield, WI, 53045
      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

      Office space available for sublease in Brookfield Lakes Corporate Center.
      150 N Patrick Blvd, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Brookfield Power Center Retail Space

      Retail space in power center anchored by major retailers.
      12575 W Capitol Dr, Brookfield, WI 53005
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant medical office building with adaptable floor plan.
    Where is this medical office space located?
    The property is located at 13800 W North Ave Brookfield, WI.
    What are key features of this property?
    This property features: Captivating multi‑tenant medical office building.; Excellent visibility and access.; Located on the northeast corner of North Avenue and Lilly Road in Brookfield.
    (262) 450-1127 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Armstrong
    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!