Customizable Warehouse Space For
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8949 N Deerbrook Trail Unit 102, Brown Deer, WI 53223
Unique, customizable warehouse space with modern amenities and 24/7 access.
Property Size1,516 SF
Price / SF$189.98
Days on Market1352
Property Features for 8949 N Deerbrook Trail Unit 102
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Dec 17, 2022
Changed: Aug 23
Last Checked: Aug 28 at 9:58PM
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 Personal Warehouse & Red Commercial
Investment Insights
Based on property information with market context.
This 1516 square foot warehouse space offers customizable interiors suitable for business, storage, or recreational purposes. The property features standard amenities including HVAC, power, and security. It has been fully remodeled and updated, featuring a new insulated roof, new roof-top HVAC units, new asphalt and concrete drives, and LED lighting. Custom restrooms include shower rough-ins, and wet bars are also present. The space offers private man door access with insulated overhead doors and is fully climate controlled. The property provides gated 24/7 access. This space is designed to accommodate a variety of uses, limited only by the owner's imagination.
Key Highlights
- Customizable interiors suitable for business, storage, or recreational use.
- 24/7 gated access and comprehensive security.
- Fully remodeled and updated with new insulated roof, HVAC units, asphalt & concrete drives, and LED lighting.
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
$13,335
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
4.63%
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%
$266,700
$266.7K
Cap Rate 7%
$190,500
$190.5K
Cap Rate 9%
$148,167
$148.2K
Market Conditions
NOI Build-Up for 1,516 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
$22.0K $14.52/SF
− Vacancy
−$1.5K −$0.99/SF
EGI
$20.5K $13.53/SF
− OpEx
−$7.2K −$4.74/SF
NOI
$13.3K $8.80/SF
Area
Milwaukee County, WI
Vacancy
6.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
35.00%
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%
$266,700
Cap Rate 7%
$190,500
Cap Rate 9%
$148,167
Alternative Uses
Best Use
Flex RnD
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 4.63%
Second Best
Warehouse
$95.7K
$83.7K – $111.6K
NOI $6,696 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,165 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53223, WI
28,884
Population
13,436
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
2,918
Density / Sq Mi
$60,477
Median Household Income
$44,625
Median Earnings
$1,071
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Two Men and a Truck — Dispatch location only, Brown Deer, WI 53223
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Frequently Asked Questions
What type of property is this?
Warehouse - Unique, customizable warehouse space with modern amenities and 24/7 access.
Where is this warehouse located?
The property is located at 8949 N Deerbrook Trail Unit 102 Brown Deer, WI.
What is the asking price?
The asking price for this property is $288,010.
What are key features of this property?
This property features: Customizable interiors suitable for business, storage, or recreational use.; 24/7 gated access and comprehensive security.; Fully remodeled and updated with **new insulated roof, HVAC units, asphalt & concrete drives, and LED lighting.**
