Retail Property for
For Sale
$16,950,000
19555 West Bluemound Road, Brookfield, WI 53045
Retail property offered for sale at 19555 West Bluemound Road in Brookfield, Wisconsin.
Property Size108,000 SF
Days on Market77
Property Features for 19555 West Bluemound Road
General Information
Standard status
Active
Size
108,000 SF
Property subtype
Retail
Building Details
Building Size
108,000 SF
Year Built
1985
Listing Agency:
Newmark
Listed By:
Karen Johnson · License #57046
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 28
Last Checked: Sep 7 at 5:27AM
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 Newmark
Investment Insights
Based on property information with market context.
This offering is a retail property for sale located at 19555 West Bluemound Road in Brookfield, WI 53045.
Additional property details, including layout, size, and specific improvements, were not provided in the information available.
Interested buyers should contact the listing agent for current marketing materials and any available due diligence items.
Additional property details, including layout, size, and specific improvements, were not provided in the information available.
Interested buyers should contact the listing agent for current marketing materials and any available due diligence items.
Key Highlights
- Retail property at 19555 West Bluemound Road in Brookfield, Wisconsin
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,530,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$30,608,920
$30.6M
Cap Rate 7%
$21,863,514
$21.9M
Cap Rate 9%
$17,004,956
$17.0M
Market Conditions
NOI Build-Up for 108,000 SF
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.
Gross rent
$2.27M $21.00/SF
− Vacancy
−$81.6K −$0.76/SF
EGI
$2.19M $20.24/SF
− OpEx
−$655.9K −$6.07/SF
NOI
$1.53M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$30,608,920
Cap Rate 7%
$21,863,514
Cap Rate 9%
$17,004,956
Alternative Uses
Best Use
Retail
$21.86M
$19.13M – $25.51M
NOI $1,530,446 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$55.12M
$48.23M – $64.31M
NOI $3,858,403 @ 7.0% cap · market cap 22.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 43%
Dining 14%
Electronics 13%
Groceries 12%
Von Maur
Apparel
48,882 visits/mo
0.4 miles
Best Buy
Electronics
30,737 visits/mo
0.1 miles
Aldi
Groceries
26,077 visits/mo
0.0 miles
lululemon athletica
Apparel
18,322 visits/mo
0.4 miles
Silverspot Cinema
Leisure
17,198 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale at 19555 West Bluemound Road in Brookfield, Wisconsin.
Where is this retail space located?
The property is located at 19555 West Bluemound Road Brookfield, WI.
What is the asking price?
The asking price for this property is $16,950,000.
What are key features of this property?
This property features: Retail property at 19555 West Bluemound Road in Brookfield, Wisconsin; Built in 1985
