Modern Retail
For Sale
$569,999
8949 N Deerbrook Trl Unit 107, Brown Deer, WI 53223
Newer commercial condo space with a layout positioned for beauty salon operations.
Property Size2,810 SF
Price / SF$202.85
Days on Market78
Property Features for 8949 N Deerbrook Trl Unit 107
General Information
Standard status
Active
Size
2,810 SF
Building Details
Year Built
2023
Listing Agency:
First Weber Inc -NPW
Listed By:
Rachel Greer · License #43546
(262) 307-1440
Source:
Jwregwi
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 7 at 2:31PM
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 2,810-square-foot retail condominium was built in 2023 as part of a new business condo community. The modern commercial space is explicitly positioned for a beauty salon owner or investor, providing a purpose-oriented setting for salon-related operations.
The property is located at 8949 N Deerbrook Trl, Unit 107, in Brown Deer, Wisconsin. Surrounding context includes Potawatomi’s new Fireside Market, Cobalt Partners’ new sports complex, and a newer Target location. Village 43 market-rate apartments are directly across the street, adding nearby residential context to the commercial setting.
The property is located at 8949 N Deerbrook Trl, Unit 107, in Brown Deer, Wisconsin. Surrounding context includes Potawatomi’s new Fireside Market, Cobalt Partners’ new sports complex, and a newer Target location. Village 43 market-rate apartments are directly across the street, adding nearby residential context to the commercial setting.
Key Highlights
- 2,810 SF modern retail condominium
- Constructed in 2023 within a new business condo community
- Positioned for beauty salon operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,443
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,860
$568.9K
Cap Rate 7%
$406,329
$406.3K
Cap Rate 9%
$316,033
$316.0K
Market Conditions
NOI Build-Up for 2,810 SF
Gross rent
$42.2K $15.00/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$40.6K $14.46/SF
− OpEx
−$12.2K −$4.34/SF
NOI
$28.4K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,860
Cap Rate 7%
$406,329
Cap Rate 9%
$316,033
Alternative Uses
Best Use
Retail
$406.3K
$355.5K – $474.1K
NOI $28,443 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.4K
$583.1K – $777.4K
NOI $46,645 @ 7.0% cap · market cap 8.18%
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Newer commercial condo space with a layout positioned for beauty salon operations.
Where is this retail space located?
The property is located at 8949 N Deerbrook Trl Unit 107 Brown Deer, WI.
What is the asking price?
The asking price for this property is $569,999.
What are key features of this property?
This property features: 2,810 SF modern retail condominium; Constructed in 2023 within a new business condo community; Positioned for beauty salon operations
