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    601 Meadowbrook Rd Waukesha, WI 53188

    • Drug stores
    • 14,418 SF
    • 1.50 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    Jul 27, 2023
    $14,900,000
    Location Intelligence
    Property ID
    US92-0720358
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Sara Krieser, PharmD / Pharmacy
    • Walgreens / Drug Store / Beauty Supply Store
    • Walgreens Pharmacy / Pharmacy
    • FedEx OnSite / Mailing Service

    Property Details for 601 Meadowbrook Rd

    Year built
    2000
    Lot size
    1.50 lot acres
    Property size
    14,418 SF
    Zone code
    B-5 (PUD)
    Property type
    Drug stores
    APN
    WAKC0990047
    APU
    WAKC0990047

    Description

    Meadowbrook Marketplace, located at 601 Meadowbrook Rd, Waukesha, WI 53188, presents a prime retail investment opportunity. This 112,010 square foot neighborhood center sits on one acre of land in Waukesha County and offers multiple tenancy options. Currently, there are six available spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,400 square feet, with a total of 6,800 square feet currently vacant. The center enjoys a highly visible location at the heavily trafficked intersection of Meadowbrook Road (Highway TT) and Summit Avenue (Highway 18), boasting over 20,000 vehicles per day. This strategic location benefits from its proximity to the University of Wisconsin-Waukesha (approximately 810 students), a nearby youth sports complex, and a summer camp, ensuring a consistent flow of potential customers. The property is anchored by Sendik's, the only upscale grocer serving Waukesha, further enhancing its appeal and drawing power. Excellent accessibility and visibility are ensured by its location along Waukesha's newly constructed bypass. This property offers a unique blend of high traffic, strong demographics, and a desirable location, making it an exceptional investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.285
    Latitude
    43.021
    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
    $40,348
    $1,372,100
    $1,290,800
    $2,662,900
    -
    $0.00
    $0.00
    $2,756,910

    Comparable in this City

    • Value Estimation by Request
      15,608 SF

      230 Madison St

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    • Value Estimation by Request
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      2700 Grandview Blvd

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      2700 Grandview Blvd, Waukesha, WI 53188-1611
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    • Value Estimation
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      2,562 SF

      910 Saint Paul Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 2,562 SF
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      View Details
    • Value Estimation
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      3,150 SF

      400 Smt Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,150 SF
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      View Details
    • Value Estimation by Request
      4,110 SF

      600 Meadowbrook Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,110 SF
      600 Meadowbrook Rd, Waukesha, WI 53188-7312
      View Details
    • Value Estimation
      $535,000
      1,860 SF

      1709 Smt Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,860 SF
      1709 Smt Ave, Waukesha, WI 53188-3216
      View Details

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    Waukesha, WI 53188
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    Realmo Value Estimation

    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.

    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.

    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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