Retail Income Property with Expansion
19233-19255 W Bluemound Rd Brookfield, WI 53045
For Sale
Contact for pricing
For sale along a high-traffic retail corridor with reported annual income of $169,800 and an additional acre for expansion.
Property Size27,000 SF
Price / SF$222.04
Days on Market155
Property Features for 19233-19255 W Bluemound Rd
General Information
Standard status
Active
Size
27,000 SF
Property subtype
RETAIL
Listing Agency:
Colliers - Milwaukee
(262) 951-6497
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Moodyscre
Added: Feb 24
Changed: Jul 28
Last Checked: Jul 28 at 8:37AM
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 Colliers - Milwaukee
Investment Insights
Based on property information with market context.
This for-sale retail income property is located along a highly desirable retail corridor just east of The Corners of Brookfield and 244 new luxury apartments. Reported current annual income is $169,800.
The offering includes an additional 1 acre of land for future expansion and is minutes from I-94 via Barker Rd. Visibility and traffic counts are supported by DOT data of approximately 34,189 cars per day.
An adjacent site is also available for sale through Colliers.
The offering includes an additional 1 acre of land for future expansion and is minutes from I-94 via Barker Rd. Visibility and traffic counts are supported by DOT data of approximately 34,189 cars per day.
An adjacent site is also available for sale through Colliers.
Key Highlights
- Reported current annual income of $169,800
- Located on a highly desirable retail corridor just east of The Corners of Brookfield
- Includes an additional 1‑acre land parcel for future expansion
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $567.0k | $21.00 |
| − Vacancy | −$20.4k | −$0.76 |
| EGI | $546.6k | $20.24 |
| − OpEx | −$164.0k | −$6.07 |
| NOI | $382.6k | $14.17 |
27,000 SF · lease $21.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.47M
$4.78M – $6.38M
NOI $382,612 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$13.78M
$12.06M – $16.08M
NOI $964,601 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - For sale along a high-traffic retail corridor with reported annual income of $169,800 and an additional acre for expansion.
Where is this retail space located?
The property is located at 19233-19255 W Bluemound Rd Brookfield, WI.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Reported current annual income of $169,800; Located on a highly desirable retail corridor just east of The Corners of Brookfield; Includes an additional 1‑acre land parcel for future expansion
