Leased Flex and Retail
620 Elizabeth Ct Brookfield, WI 53045
New
620 Elizabeth Ct, Brookfield, WI, 53045
$4,200,000
For Sale
$4,200,000
Fully renovated flex/retail building is currently leased through June 30, 2029.
Property Size25,660 SF
Price / SF$163.68
Days on Market7
Property Features for 620 Elizabeth Ct
General Information
- Standard status
- Active
- Size
- 25,660 SF
- Property subtype
- retail
Listing agency
Milwaukee
(414) 944-2105
Listed by
James Young · License #49879-90
(414) 944-2105
Source
Property.jll
Added: Jul 16 Updated: Jul 22 at 5:06AM Checked: Jul 22 at 5:06AM
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 Milwaukee
Investment Insights
Based on property information with market context.
This fully leased flex and retail investment opportunity was renovated in 2019 with improvements including a new roof, HVAC, lighting, and updated office and retail showroom space. The building is currently occupied by Authentic Sport Specialty, with the lease in place through June 30, 2029.
The property is located at 620 Elizabeth Ct, just off Bluemound Road, and minutes to the Goerkes Corners interchange.
The property is located at 620 Elizabeth Ct, just off Bluemound Road, and minutes to the Goerkes Corners interchange.
Key Highlights
- Fully renovated flex/retail building at 620 Elizabeth Ct.
- Currently fully leased to Authentic Sport Specialty through June 30, 2029.
- 2019 renovations include new roof, HVAC, lighting, office, and retail showroom improvements.
Local 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 | $538.9k | $21.00 |
| − Vacancy | −$19.4k | −$0.76 |
| EGI | $519.5k | $20.24 |
| − OpEx | −$155.8k | −$6.07 |
| NOI | $363.6k | $14.17 |
25,660 SF · lease $21.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$13.10M
$11.46M – $15.28M
NOI $916,728 @ 7.0% cap · market cap 21.83%
Second Best
Retail
$5.19M
$4.55M – $6.06M
NOI $363,623 @ 7.0% cap · market cap 8.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Stefans Soccer
(Bike/Boat/Book/etc) Store
Stefans Soccer - Corporate ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully renovated flex/retail building is currently leased through June 30, 2029.
Where is this flex space located?
The property is located at 620 Elizabeth Ct Brookfield, WI.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Fully renovated flex/retail building at 620 Elizabeth Ct.; Currently fully leased to Authentic Sport Specialty through June 30, 2029.; 2019 renovations include new roof, HVAC, lighting, office, and retail showroom improvements.
