Retail Income Property with Expansion
For Sale
Contact for pricing
19233-19255 W Bluemound Rd, Brookfield, WI 53045
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 Market247
Property Features for 19233-19255 W Bluemound Rd
General Information
Standard status
Active
Size
27,000 SF
Property subtype
RETAIL
Site & Location
Traffic Count
34,189 vehicles/day
Highway Access
Yes
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Moodyscre
Added: Feb 24
Changed: Oct 25
Last Checked: Oct 28 at 9:35AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$382,612
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,652,240
$7.7M
Cap Rate 7%
$5,465,886
$5.5M
Cap Rate 9%
$4,251,244
$4.3M
Market Conditions
NOI Build-Up for 27,000 SF
Gross rent
$567.0K $21.00/SF
− Vacancy
−$20.4K −$0.76/SF
EGI
$546.6K $20.24/SF
− OpEx
−$164.0K −$6.07/SF
NOI
$382.6K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,652,240
Cap Rate 7%
$5,465,886
Cap Rate 9%
$4,251,244
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
34,189 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
142k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 22%
Electronics 22%
Groceries 20%
Shops & Services 19%
Best Buy
Electronics
30,737 visits/mo
0.1 miles
Aldi
Groceries
26,077 visits/mo
0.1 miles
McDonald's
Dining
18,363 visits/mo
0.4 miles
Silverspot Cinema
Leisure
17,198 visits/mo
0.5 miles
Dollar Tree
Shops & Services
7,916 visits/mo
0.1 miles
Demographics for 53045, WI
23,651
Population
10,061
Households
2.4
Avg Household Size
45
Median Age
62%
College-Educated
98%
High-School Grad
14.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$116,541
Median Household Income
$62,417
Median Earnings
$1,867
Median Rent
$443,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
