Modern Office
For Sale
$315,000
8949 N Deerbrook Trl Unit 103, Brown Deer, WI 53223
Newly built office condominium space with a contemporary commercial setting.
Property Size1,516 SF
Price / SF$207.78
Days on Market15
Property Features for 8949 N Deerbrook Trl Unit 103
General Information
Standard status
Active
Size
1,516 SF
Building Details
Year Built
2023
Listing Agency:
First Weber Inc -NPW
(262) 307-1440
Listed By:
Rachel Greer · License #43546
Source:
Jwregwi
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 1:14AM
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 First Weber Inc -NPW
Investment Insights
Based on property information with market context.
This office unit is part of a newly developed business condominium community and offers 1,516 square feet of modern commercial space. Built in 2023, the property provides a contemporary setting for office operations within a dedicated commercial ownership structure.
The unit is located at 8949 N Deerbrook Trl, Unit 103, in Brown Deer, Wisconsin. Surrounding development includes Potawatomi’s Fireside Market, Cobalt Partners’ sports complex, Target’s newest location, and Village 43 market-rate apartments across the street.
The combination of recent construction, office-oriented configuration, and placement within an active development area provides a straightforward option for an owner-user or commercial occupant seeking office space.
The unit is located at 8949 N Deerbrook Trl, Unit 103, in Brown Deer, Wisconsin. Surrounding development includes Potawatomi’s Fireside Market, Cobalt Partners’ sports complex, Target’s newest location, and Village 43 market-rate apartments across the street.
The combination of recent construction, office-oriented configuration, and placement within an active development area provides a straightforward option for an owner-user or commercial occupant seeking office space.
Key Highlights
- 1,516‑square‑foot office unit
- Built in 2023
- Located within a newly developed business condominium community
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
$20,730
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
6.58%
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%
$414,600
$414.6K
Cap Rate 7%
$296,143
$296.1K
Cap Rate 9%
$230,333
$230.3K
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
$37.7K $24.84/SF
− Vacancy
−$10.0K −$6.61/SF
EGI
$27.6K $18.23/SF
− OpEx
−$6.9K −$4.56/SF
NOI
$20.7K $13.67/SF
Area
Milwaukee County, WI
Vacancy
26.60%
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%
$414,600
Cap Rate 7%
$296,143
Cap Rate 9%
$230,333
Alternative Uses
Best Use
Office B
$296.1K
$259.1K – $345.5K
NOI $20,730 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,165 @ 7.0% cap · market cap 7.99%
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
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly built office condominium space with a contemporary commercial setting.
Where is this office units located?
The property is located at 8949 N Deerbrook Trl Unit 103 Brown Deer, WI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,516‑square‑foot office unit; Built in 2023; Located within a newly developed business condominium community
