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    620 Elizabeth Ct Brookfield, WI 53045

    For Sale
    $4,200,000

    Prime Brookfield location, high cap rate, strong tenant.

    Property size:
    25,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multi-use property, located at 620 Elizabeth Ct in Brookfield, Wisconsin, presents a compelling investment opportunity. The 25,660 square foot building sits on a 3.02-acre lot and boasts a desirable 7.25% cap rate. Built in 1995 and extensively renovated in 2019, the property features a mix of retail (4,500 SF), office (5,150 SF), and warehouse space (16,010 SF), plus an additional 700 square feet of second-floor office space. The building's versatile layout caters to a variety of business needs. Improvements completed in 2019 include a new 60-mil ballasted rubber membrane roof, updated HVAC and LED lighting systems, and a fully renovated office and retail showroom. The property includes 143 parking spaces and two grade-level loading docks. Constructed with poured concrete panels and equipped with a wet sprinkler system, the building offers exceptional durability and safety. Currently fully leased to Authentic Sport Specialty until June 30th, 2029, this property provides immediate cash flow and long-term stability. Its strategic location just off Bluemound Road, minutes from the Goerkes Corners interchange, ensures high visibility and easy access to major transportation routes. This is a rare opportunity to acquire a flexible, high-performing asset in one of Southeastern Wisconsin's most dynamic commercial corridors. The asking price is $4,200,000.

    Property Features for 620 Elizabeth Ct

    General Information

    Property type
    Flex space
    Square Feet
    25,660 SF
    Lot Size
    131,551 SF

    Building Details

    Year Built/Renovated
    1995/2019

    HighLights

    • $4,200,000 asking price, 7.25% cap rate.
    • 25,660 square foot building on a 3.02‑acre lot in Brookfield, WI.
    • Features 24,960 SF of first‑floor space, 700 SF of second‑floor office space, 4,500 SF of retail space, and 16,010 SF of warehouse space.
    • Built in 1995, fully renovated in 2019.
    • 143 parking spaces and 2 loading docks.
    • Fully leased to Authentic Sport Specialty until June 30, 2029.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stefans Soccer Sporting Goods Store Stefans Soccer - Corporate ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1584089
    Latitude
    43.0377267

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    FAQs

    What type of property is this?
    Flex space - Prime Brookfield location, high cap rate, strong tenant.
    Where is this flex space located?
    The property is located at 620 Elizabeth Ct Brookfield, WI.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price, 7.25% cap rate.; 25,660 square foot building on a 3.02-acre lot in Brookfield, WI.; Features 24,960 SF of first-floor space, 700 SF of second-floor office space, 4,500 SF of retail space, and 16,010 SF of warehouse space.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 Elizabeth Ct Brookfield, WI 53045
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