Mixed-Use Property with
New
For Sale
$300,000
20060 W Greenfield Ave, Brookfield, WI 53045
COMMERCIAL - Brookfield, WI
Property Size1,359 SF
Lot Size0.99 Acres
Price / SF$220.75
Days on Market7
Property Features for 20060 W Greenfield Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Directions
Greenfield Ave Just East of Barker on the North Side of the street. Includes house and lot to east
Standard status
Active
APN
BKFT1135994
Size
1,359 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2965
Building Details
Year built
1941
Architectural style
Other
Listing Agency:
RE/MAX Lakeside-West · RE/MAX International
(262) 784-9220
Listed By:
Sarah Walters · License #58024
(262) 617-5843
Added: Aug 13
Last Checked: Aug 19 at 3:06PM
MLS# 1976057
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This B1-zoned mixed-use property includes a 1,359-square-foot residence, a garage, and a metal barn on 0.99 acres. The existing improvements support a live-work configuration, with space for a residence alongside business operations. The property was built in 1941 and is currently rented to 2 tenants.
B1 zoning includes office, retail, bakery, and barber shop uses, providing several documented commercial directions for the site. The address is 20060 W Greenfield Ave in Brookfield, Wisconsin, within Waukesha County. The property is also offered in separate residential listing formats as a single-family property and duplex.
B1 zoning includes office, retail, bakery, and barber shop uses, providing several documented commercial directions for the site. The address is 20060 W Greenfield Ave in Brookfield, Wisconsin, within Waukesha County. The property is also offered in separate residential listing formats as a single-family property and duplex.
Key Highlights
- B1 zoning includes office, retail, bakery, and barber shop uses
- 0.99 acres with a 1,359‑square‑foot residence
- Existing residence, garage, and metal barn
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
$18,867
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
6.29%
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%
$377,340
$377.3K
Cap Rate 7%
$269,529
$269.5K
Cap Rate 9%
$209,633
$209.6K
Market Conditions
NOI Build-Up for 1,359 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
$33.8K $24.84/SF
− Vacancy
−$8.6K −$6.33/SF
EGI
$25.2K $18.51/SF
− OpEx
−$6.3K −$4.63/SF
NOI
$18.9K $13.88/SF
Area
Waukesha County, WI
Vacancy
25.48%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
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%
$377,340
Cap Rate 7%
$269,529
Cap Rate 9%
$209,633
Alternative Uses
Best Use
Office B
$269.5K
$235.8K – $314.5K
NOI $18,867 @ 7.0% cap · market cap 6.29%
Second Best
Mixed Use
$230.6K
$201.8K – $269.1K
NOI $16,145 @ 7.0% cap · market cap 5.38%
Theoretical Best
Flex RnD
$693.6K
$606.9K – $809.2K
NOI $48,552 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - B1-zoned property combines an existing residence, garage, and metal barn with commercial use flexibility.
Where is this mixed-use property located?
The property is located at 20060 W Greenfield Ave Brookfield, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: B1 zoning includes office, retail, bakery, and barber shop uses; 0.99 acres with a 1,359‑square‑foot residence; Existing residence, garage, and metal barn
