Mixed-Use Property with Trail
8655 N 43rd St, Brown Deer, WI 53209
For Sale
$565,000
Three distinct spaces combine an open training/flex area, wellness studio and private office suite within one commercial building.
Property Size4,000 SF
Lot Size0.93 Acres
Price / SF$141.25
Days on Market160
Property Features for 8655 N 43rd St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
large pergola patio
direct trail access
four-unit HVAC
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Keller Williams Milwaukee North Shore
(414) 962-3605
Listed By:
On Point Realty Group* · License #82189-94
(262) 671-6868
Source:
Esorgroup
Added: Jun 1
Changed: Nov 6
Last Checked: Nov 6 at 2:39PM
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 Keller Williams Milwaukee North Shore
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,000-square-foot cinderblock building, constructed in 1940 and updated, is arranged as three spaces: an approximately 2,450-square-foot open training/flex area, a roughly 200-square-foot wellness studio and an approximately 800-square-foot private office suite. The property includes four-unit HVAC, a pergola-covered patio and an oversized parking lot. Zoning is OVPD.
Set on 0.93 acres at 8655 N 43rd St in Brown Deer, the property has direct access to the Oakleaf Trail. The building’s layout brings open-use, studio and office areas together, with outdoor space and parking on site.
Set on 0.93 acres at 8655 N 43rd St in Brown Deer, the property has direct access to the Oakleaf Trail. The building’s layout brings open-use, studio and office areas together, with outdoor space and parking on site.
Key Highlights
- Three‑space layout: approximately 2,450 SF training/flex area, 200 SF wellness studio and 800 SF private office suite
- 4,000‑square‑foot updated cinderblock building, built in 1940
- 0.93‑acre site zoned OVPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,520
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,400
$950.4K
Cap Rate 7%
$678,857
$678.9K
Cap Rate 9%
$528,000
$528.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$10.4K −$2.59/SF
EGI
$76.0K $19.01/SF
− OpEx
−$28.5K −$7.13/SF
NOI
$47.5K $11.88/SF
Area
ZIP 53209
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,400
Cap Rate 7%
$678,857
Cap Rate 9%
$528,000
Alternative Uses
Best Use
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee County, WI
Properties on Market for Mixed-use properties in Milwaukee County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct spaces combine an open training/flex area, wellness studio and private office suite within one commercial building.
Where is this mixed-use property located?
The property is located at 8655 N 43rd St Brown Deer, WI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Three‑space layout: approximately 2,450 SF training/flex area, 200 SF wellness studio and 800 SF private office suite; 4,000‑square‑foot updated cinderblock building, built in 1940; 0.93‑acre site zoned OVPD
