Modern Retail
For Sale
$559,999
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$199.29
Days on Market32
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
(262) 307-1440
Listed By:
Rachel Greer · License #97647-94
Source:
Jwregwi
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 29 at 1:11PM
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 = 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
$28,443
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
5.08%
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%
$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
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
$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 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%
$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 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.4K
$583.1K – $777.4K
NOI $46,645 @ 7.0% cap · market cap 8.33%
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 Retail in Midwest region
Questions? Ask Rey
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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 $559,999.
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
