Flexible Flex Space
9903 W Brown Deer Rd, Milwaukee, WI 53224
For Sale
$195,000
N, Milwaukee, WI
Property Size2,900 SF
Lot Size0.29 Acres
Price / SF$67.24
Days on Market55
Property Features for 9903 W Brown Deer Rd
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Building Details
Year built
Architectural style
Buildings
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Imani London
(414) 404-5797
Added: Sep 19
Changed: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# 1981418
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,900-square-foot flex space building, constructed in 1968, provides a practical layout for commercial use. The interior includes open work areas, secured storage, and ceilings approximately 10 feet high. On-site parking is also available, adding convenience for daily operations and visitors.
The property is located at 9903 W Brown Deer Rd in Milwaukee, near 99th and Brown Deer Rd. Its position along W Brown Deer Rd provides street visibility and access to the surrounding area. The 0.29-acre site is zoned IL 1 and offers a compact commercial setting for an owner-user or other business operation.
The property is located at 9903 W Brown Deer Rd in Milwaukee, near 99th and Brown Deer Rd. Its position along W Brown Deer Rd provides street visibility and access to the surrounding area. The 0.29-acre site is zoned IL 1 and offers a compact commercial setting for an owner-user or other business operation.
Key Highlights
- 2,900‑square‑foot flex space building
- 0.29‑acre site zoned IL 1
- Open work areas with secured storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,823
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,460
$256.5K
Cap Rate 7%
$183,186
$183.2K
Cap Rate 9%
$142,478
$142.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$15.9K $5.47/SF
− Vacancy
−$777 −$0.27/SF
EGI
$15.1K $5.20/SF
− OpEx
−$2.3K −$0.78/SF
NOI
$12.8K $4.42/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,460
Cap Rate 7%
$183,186
Cap Rate 9%
$142,478
Alternative Uses
Best Use
Flex RnD
$407.9K
$356.9K – $475.9K
NOI $28,552 @ 7.0% cap · market cap 14.64%
Second Best
Warehouse
$183.2K
$160.3K – $213.7K
NOI $12,823 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$696.9K
$609.8K – $813.1K
NOI $48,783 @ 7.0% cap · market cap 25.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53224, WI
20,786
Population
8,530
Households
2.4
Avg Household Size
32
Median Age
27%
College-Educated
92%
High-School Grad
10.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$69,727
Median Household Income
$44,745
Median Earnings
$1,160
Median Rent
$194,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Milwaukee, WI
Properties on Market for Flex space in Milwaukee
Vacancy Rate% for Industrial in Milwaukee, WI
Similar Off Market Nearby
- Charlie P's BBQ — 8628 N 107th St, Milwaukee, WI 53224
Frequently Asked Questions
What type of property is this?
Flex space - Open work areas, secured storage, and on-site parking support varied commercial operations.
Where is this flex space located?
The property is located at 9903 W Brown Deer Rd Milwaukee, WI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,900‑square‑foot flex space building; 0.29‑acre site zoned IL 1; Open work areas with secured storage
