Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    16655 Bluemound Rd Brookfield, WI 53005

    • Commercial real estate
    • 3.37 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0617051
    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

    • Angela Trochlell DDS / Pediatric Dentist / Dentist
    • Bray Consultants / Psychologist
    • Brian Brecklin - State Farm Insurance Agent / Auto Insurance Agency / Home Insurance Agency
    • Planet Technology (part of The Planet Group) / Software Company / Computer Consultant
    • Steven E. Osgood Law Office / Estate Planning Attorney / Family Law Attorney

    Property Details for 16655 Bluemound Rd

    Lot size
    3.37 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    BR C1115993004
    APU
    BRC1115993004

    Description

    This exceptional three-story office building, located at 16655 W Bluemound Rd in Brookfield, Wisconsin, offers a variety of executive office suites perfect for businesses of all sizes. Built in 1980 and extensively renovated in 2002, the property boasts a total of 54,570 square feet, with 13,376 square feet currently available. The building is ideally suited for multiple tenants, with spaces ranging from a minimum of 815 square feet to a maximum contiguous space of 3,724 square feet. This provides flexibility for businesses seeking smaller, efficient layouts or larger, collaborative work environments. The property features ample parking, with a ratio of 4.73 spaces per 1,000 square feet, ensuring convenient access for employees and clients. Situated in Waukesha County, this prime location offers easy access to major transportation routes and a thriving business community. The building's modern amenities and convenient location make it an attractive option for businesses seeking a professional and productive workspace. This is a fantastic opportunity to secure high-quality office space in a desirable Brookfield location. Contact us today to learn more about available suites and lease terms. Zip code: 53005.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1201
    Latitude
    43.0361
    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
    $35,802
    $1,212,200
    $1,844,300
    $3,056,500
    -
    $0.00
    $0.00
    $3,253,600

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

      4227 127th St

      COMMERCIAL (GENERAL) • 0.47 Acres
      4227 127th St, Brookfield, WI 53005-1890
      View Details
    • Value Estimation by Request
      0.91 Acres

      16070 Bluemound Rd

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

      15700 Bluemound Rd

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

      1875 Calhoun Rd

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

      13925 Capitol Dr

      COMMERCIAL (GENERAL) • 1.52 Acres
      13925 Capitol Dr, Brookfield, WI 53005-2496
      View Details
    • Value Estimation by Request
      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
    • $3,200,000
      35,880 SF

      Bishops Woods Executive Office Building

      Prime Brookfield Office, 35,880 SF, $3.2M
      13255 Bluemound Rd, Brookfield, WI 53005
      View Details
    • Contact for pricing
      12,300 SF

      Capitol Drive Executive Offices

      Brookfield, WI: 12,300 SF Office/Retail
      17065-17165 Capitol Dr, Brookfield, WI 53005
      View Details
    • $185,000

      Brookfield Land Near Amenities

      Almost half-acre lot near shops, restaurants, and parks.
      18840 North Hills Dr, Brookfield, WI 53005
      View Details
    • Contact for pricing

      Class A Shopping Center

      Well-positioned shopping center with high visibility and multiple access points.
      15375-15445 W Bluemound Rd, Brookfield, WI 53005
      View Details
    • Contact for pricing
      109 SF

      Retail Center on Bluemound Road

      Retail center on heavily traveled Bluemound Road corridor.
      17105-17165 Bluemound Rd, Brookfield, WI 53005
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      16,080 SF

      West Suburban Office Space Available

      Brookfield, WI Office Building - 7,635 SF Vacant
      2505 124Th St, Brookfield, WI 53005
      View Details
    • Contact for pricing
      16,425 SF

      Brookfield Retail Plaza - For Lease

      Prime Brookfield retail space, 6 units available.
      17165 Bluemound Rd, Brookfield, WI 53005
      View Details
    • $20 SF/Yr
      71,525 SF

      Executive Suites Brookfield, WI

      Prime Office Space, Flexible Sizes Available
      330 Executive Dr, Brookfield, WI 53005
      View Details
    • $16 SF/Yr
      36,960 SF

      Executive Suites Brookfield, WI

      Prestigious office space for lease.
      155 Executive Dr, Brookfield, WI 53005
      View Details
    • $17 SF/Yr
      54,570 SF

      Brookfield Executive Office Suites

      Premium Office Space, Waukesha County
      16655 Bluemound Rd, Brookfield, WI 53005
      View Details
    • $20 SF/Yr
      2,252 SF

      Office Space with Fitness Center

      Office space featuring private offices, conference room, and fitness center.
      13555 Bishops Ct, Brookfield, WI 53005
      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.
    16655 Bluemound Rd
    Brookfield, WI 53005
    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

    Google sign-in failed. Please try again or use another login method.