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    n72w12727 Good Hope Rd Menomonee Falls, WI 53051

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    For Lease
    Contact for pricing

    High-visibility corner store, 4,177 sq ft available.

    Lot size:
    46,371 SF

    Property Features for n72w12727 Good Hope Rd

    General Information

    Property type
    Grocery and convenience stores
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,371 SF
    Total Rate
    65692.25

    Building Details

    Year Built
    2019

    Spaces For Lease

    at n72w12727 Good Hope Rd, Menomonee Falls, WI 53051 Contact us
    Unit Available Space

    $17 /Mo

    Size
    4,177 SF
    Contact us

    We can help!

    Listing Contact
    Isaac Berg
    Isaac Berg

    Listing Agency: Colliers - Milwaukee Listing Agent: Isaac Berg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity presents 4,177 square feet of vacant space within a thriving 46,371 square foot multi-tenant retail building located at N72 W12727 Good Hope Road in Waukesha County. Built in 2019, this property boasts a prime corner location offering unparalleled visibility and accessibility. The building is situated beneath a 139-unit apartment complex currently operating at 100% occupancy, guaranteeing a consistent flow of potential customers. The available space is ideal for a variety of retail uses and benefits from ample surface parking with 93 spaces readily available for patrons. Building signage opportunities are also available, providing excellent branding potential. This property offers a unique chance to establish a business in a high-traffic area with a built-in customer base. The building's modern construction and convenient location make it an attractive investment for discerning businesses seeking a strong foothold in a prosperous market. The existing tenant mix provides a synergistic environment, further enhancing the potential for success. Don't miss this chance to secure a prime retail space in a vibrant and growing community. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jade at North Hills Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Menomonee Falls
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.0688858
    Latitude
    43.1475334

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    FAQs

    What type of property is this?
    Grocery and convenience store - High-visibility corner store, 4,177 sq ft available.
    Where is this grocery and convenience store located?
    The property is located at n72w12727 Good Hope Rd Menomonee Falls, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 46,371 SF retail building with 4,177 SF of available space.; Convenience store property with multiple tenants.; Located in Waukesha County.
    (414) 278-6862 Call to check price and availability
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    n72w12727 Good Hope Rd Menomonee Falls, WI 53051
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    Menomonee Falls, WI 53051
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    n72w12727 Good Hope Rd Menomonee Falls, WI 53051
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    Contact for Pricing
    Please call us for current price
    and status of this listing Isaac Berg
    Isaac Berg
    Real Estate License ID: 8975294
    (414) 278-6862 (414) 276-9500
    Learn more
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