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    13400 Bishops Ln Brookfield, WI 53005

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    For Lease
    Contact for pricing

    Class A office suites, Brookfield, WI

    Lot size:
    120,000 SF

    Property Features for 13400 Bishops Ln

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,000 SF
    Class
    A
    Total Rate
    150000

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 13400 Bishops Ln, Brookfield, WI 53005 Contact us
    Unit Suite 10

    $15 /Mo

    Size
    1,340 SF
    Contact us
    Unit Suite 30

    $15 /Mo

    Size
    2,986 SF
    Contact us
    Unit Suite 50

    $15 /Mo

    Size
    4,240 SF
    Contact us
    Unit Suite 95

    $15 /Mo

    Size
    1,926 SF
    Contact us
    Unit Suite 140

    $19 /Mo

    Size
    1,646 SF
    Contact us
    Unit Suite 275

    $19 /Mo

    Size
    3,266 SF
    Contact us
    Unit Third Floor

    $19 /Mo

    Size
    35,099 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Tim Janusz
    Tim Janusz

    Listing Agency: Newmark Listing Agent: Tim Janusz

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office building, situated in the desirable Brookfield submarket of Waukesha County, offers a variety of flexible spaces ideal for businesses of all sizes. Located at the entrance to Bishops Woods Office Park, this four-story, 120,000 square foot building boasts a prime location with easy access to I-94 and I-41, placing tenants within minutes of the greater metro area. The property features 198 parking stalls and two elevators for convenient access. Individual suites range from a minimum of 1,340 square feet to a maximum contiguous space of 35,099 square feet, with 50,503 square feet currently available. Building amenities include key-card access for enhanced security, abundant natural light throughout, a ground-level patio, recently updated lobby and restrooms, and the opportunity for prominent monument signage. The property sits on a 6.42-acre lot and is zoned O & LI. Built in 1972, this well-maintained building offers a blend of classic charm and modern functionality. Annual property taxes are $1.19 per square foot. The surrounding area offers a wealth of dining and financial services, making this an attractive location for businesses seeking a convenient and prestigious address. Contact us today to explore leasing opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lytx® Compliance Services (Bike/Boat/Book/etc) Store Applied Technologies, Inc. Environmental Engineer Wisconsin Parkinson Association Association / Organization Center For Behavioral Medicine Psychotherapist DeMore Wealth Management, ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.079618
    Latitude
    43.0349259

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    FAQs

    What type of property is this?
    Office units - Class A office suites, Brookfield, WI
    Where is this office units located?
    The property is located at 13400 Bishops Ln Brookfield, WI.
    What is the lease rate?
    The lease rate is $15-$19 SF/Yr.
    What are key features of this property?
    This property features: Class A suburban office building with abundant natural light.; Excellent freeway access via I-94 and I-41, with nearby restaurants and financial institutions.; Prominent location at Bishops Woods Office Park entrance, featuring key-card access, ground-floor patio, updated lobby and restrooms, and monument signage availability.
    (414) 908-9155 Call to check price and availability
    Request Owner's contact information
    13400 Bishops Ln Brookfield, WI 53005
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    Brookfield, WI 53005
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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
    13400 Bishops Ln Brookfield, WI 53005
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Janusz
    Tim Janusz
    Real Estate License ID: 70967
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