Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    770 Springdale Rd Brookfield, WI 53045
    Back to Search
    Property profile & analytics

    770 Springdale Rd, Brookfield, WI 53045

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 770 Springdale Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre land parcel, located at 770 N Springdale Rd in Brookfield, Wisconsin (53045), presents a unique investment opportunity. Currently zoned M-1 Limited Manufacturing, this property allows for a diverse range of retail and restaurant uses, making it ideal for developers seeking high-visibility locations. The site's strategic placement is adjacent to a Marcus Premiere Entertainment venue featuring 16 screens and multiple dining options, ensuring high foot traffic and a built-in customer base. This presents a significant advantage for businesses seeking synergistic partnerships or aiming to capitalize on the existing entertainment complex's draw. The lot's size offers flexibility

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1855
    Latitude
    43.0493

    Comparable in this City

    • Value Estimation by Request
      7.74 Acres

      1345 Barker Rd

      Land
      1345 Barker Rd, Brookfield, WI 53045
      View Details
    • Value Estimation by Request
      1.21 Acres

      18725 Capitol Dr

      Land
      18725 Capitol Dr, Brookfield, WI 53045
      View Details
    • Value Estimation by Request
      15,824 SF

      19035 Capitol Dr

      Office Spaces
      19035 Capitol Dr, Brookfield, WI 53045
      View Details
    • Value Estimation by Request
      6.25 Acres

      19485 Lisbon Rd

      COMMERCIAL (GENERAL)
      19485 Lisbon Rd, Brookfield, WI 53045-8107
      View Details
    • Value Estimation by Request
      3.39 Acres

      200 Patrick Blvd

      COMMERCIAL (GENERAL)
      200 Patrick Blvd, Brookfield, WI 53045-5883
      View Details
    • Value Estimation by Request
      0.18 Acres

      17465 Riv Birch Dr

      COMMERCIAL (GENERAL)
      17465 Riv Birch Dr, Brookfield, WI 53045-3104
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      18725 W Capitol Dr, Brookfield, WI 53045
      View Details
    • $339,000
      0.88 Acres

      Brookfield Vacant Land Opportunity

      Nearly one-acre lot in Elmbrook School District.
      Lt0 W Greenfield Ave, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Brookfield Buildable Land for Sale

      Three buildable acres in vibrant Brookfield, Wisconsin suburb.
      1345 S Barker Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      63,909 SF

      Brookfield Retail Space For Sale

      63,909 SF commercial space near The Corners of Brookfield.
      19355 W Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      2,400 SF

      Established Dry Cleaner Business Opportunity

      Turnkey dry cleaner operation with drop-off store for sale.
      17325 W Capitol Dr, Brookfield, WI 53045
      View Details
    • Contact for pricing
      2,635 SF

      Turn Key Smoke Shop Business

      Established smoke shop business for sale in Brookfield, Wisconsin.
      18900 W Bluemound Rd, Brookfield, WI 53045
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Brookfield

      Land available for rent in Brookfield, Wisconsin.
      17630 West Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      7,935 SF

      Brookfield Office Sublease Opportunity

      Office space available for sublease in Brookfield Lakes Corporate Center.
      150 N Patrick Blvd, Brookfield, WI 53045
      View Details
    • Sponsored
      Contact for pricing

      WI, Brookfield - Water Tower Blvd

      Workspaces, services and support to help you work better in UT, Clearfield - 1412 Legend Hills Dr
      20225 Water Tower Blvd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      1,855 SF

      New Retail Center in Brookfield

      Class A retail space available in The Shoppes at the Corridor.
      350 Discovery Dr, Brookfield, WI 53045
      View Details
    • Contact for pricing
      1,285 SF

      Brookfield Office Space For Lease

      Prime office space for lease in the heart of Brookfield.
      175 Patrick Blvd, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Global Network of Workspaces

      Flexible workspaces available with various options and locations.
      20225 Water Tower Blvd, Brookfield, WI 53045
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    770 Springdale Rd
    Brookfield, WI 53045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    770 Springdale Rd, Brookfield, WI, 53045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!