Modern Office
For Sale
$335,000
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$220.98
Days on Market61
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
Listed By:
Rachel Greer · License #43546
(262) 307-1440
Source:
Jwregwi
Added: Aug 16
Changed: Oct 2
Last Checked: Oct 7 at 3:23PM
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 / Yr
$20,730
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
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
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 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 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,165 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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 $335,000.
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
