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    Property profile & analytics

    15850 Bluemound Rd Brookfield, WI 53005-6022

    • Commercial real estate
    • 1.97 lot acres
    OFF-MARKET
    Last Sale
    Jan 14, 2022
    $2,475,000
    Value Estimations
    $3,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0463933
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Corey Van Westen / Chiropractor / Physical Examination Center
    • Center For Anxiety Disorders / Mental Health Clinic / Counselor
    • Farmers Insurance - Roger Dudek / Renter'S Insurance Agency / Insurance Agency
    • Farmers Insurance / Insurance Agency / Auto Insurance Agency
    • Hume Law Office / Family Law Attorney / Gay & Lesbian Organization

    Property Details for 15850 Bluemound Rd

    Lot size
    1.97 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    BR C1116984005
    APU
    BRC1116984005

    Description

    This exceptional 600-square-foot office suite is ideally situated at 15850 W Bluemound Road, Unit 40, in Brookfield, Wisconsin. Boasting a highly desirable location, this property offers unparalleled convenience with its proximity to I-94 (less than one mile away), providing effortless access to major transportation routes. The surrounding area is vibrant and thriving, with an abundance of shopping, dining, and hotel options readily available. The suite itself features a spacious open area, perfect for collaborative workspaces or cubicles, complemented by a private office for focused work. Businesses seeking expansion will appreciate the option to connect with adjoining suites for increased square footage. Accessibility is ensured with handicap-accessible features, and tenants benefit from access to a shared conference room, ideal for meetings and presentations. Furthermore, the suite includes utilities such as air conditioning, heating, and electricity, simplifying operational costs. Flexible lease terms are available to accommodate various business needs. This property presents a remarkable opportunity for businesses seeking a well-appointed and strategically located office space within a dynamic commercial environment. The 1.97-acre lot provides ample parking and a professional setting. This is a truly exceptional opportunity in a sought-after Brookfield location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,115,000
      ML approach
      $3,125,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1098
    Latitude
    43.0369
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,979
    $2,163,900
    $311,100
    $2,475,000
    -
    $0.00
    $0.00
    $2,634,600

    Comparable in this City

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      $280,000
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      4227 127th St

      COMMERCIAL (GENERAL) • 0.47 Acres
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      View Details
    • Value Estimation
      $420,000
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      16070 Bluemound Rd

      COMMERCIAL (GENERAL) • 0.91 Acres
      16070 Bluemound Rd, Brookfield, WI 53005-6009
      View Details
    • Value Estimation
      $420,000
      7.49 Acres

      15700 Bluemound Rd

      COMMERCIAL (GENERAL) • 7.49 Acres
      15700 Bluemound Rd, Brookfield, WI 53005-6024
      View Details
    • Value Estimation
      $360,000
      1.26 Acres

      1875 Calhoun Rd

      COMMERCIAL (GENERAL) • 1.26 Acres
      1875 Calhoun Rd, Brookfield, WI 53005-5036
      View Details
    • Value Estimation
      $425,000
      1.52 Acres

      13925 Capitol Dr

      COMMERCIAL (GENERAL) • 1.52 Acres
      13925 Capitol Dr, Brookfield, WI 53005-2496
      View Details
    • Value Estimation
      $480,000
      1.90 Acres

      12745 Capitol Dr

      COMMERCIAL (GENERAL) • 1.90 Acres
      12745 Capitol Dr, Brookfield, WI 53005-5401
      View Details

    Similar Nearby for Sale

    • $4,500,000
      4.27 Acres

      Bluemound Road Development Site

      4.27-acre commercial land, prime location.
      16460 Bluemound Rd, Brookfield, WI 53005
      View Details
    • Contact for pricing

      Class A Shopping Center

      Well-positioned shopping center with high visibility and multiple access points.
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      109 SF

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      Retail center on heavily traveled Bluemound Road corridor.
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      15,400 SF

      Brookfield Restaurant Space For Sale

      Restaurant space with existing infrastructure in high-traffic area.
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      120,000 SF

      Brookfield Office Building Investment

      Class A Office, 120,000 SF, Value-Add Opportunity
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    • $835,000
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      Brookfield Vacant Land Opportunity

      Almost 5 acres of vacant land in Brookfield, Wisconsin.
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    Similar Nearby for Lease

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      15,400 SF

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    • $22 SF/Yr
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      Flexible Offices in Prime Location
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      Brookfield Square Retail Opportunity

      Prime Brookfield location, flexible lease options.
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    • Contact for pricing
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      Brookfield Retail Strip Center

      Target-anchored, high-traffic location.
      12745 Bluemound Rd, Brookfield, WI 53005
      View Details
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    15850 Bluemound Rd
    Brookfield, WI 53005-6022
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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
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