Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17385 Golf Pkwy Brookfield, WI 53045-1128
    Property profile & analytics

    17385 Golf Pkwy, Brookfield, WI 53045-1128

    View on Map
    • Commercial real estate
    Off-Market
    Last Sale Jun 25, 2020
    $623,900
    Property ID
    US92-1373189
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Noodoe Charging Station / Electric Vehicle Charging Station
    • Hydrite / Chemical Plant / Factory

    Property Details for 17385 Golf Pkwy

    Property type
    Commercial real estate
    APN
    BR C1120975015
    APU
    BRC1120975015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2023 — Deer Creek Hcc LLC — Deed · related $7.5M · Landmark Cu

    Description

    This exceptional investment opportunity presents a two-story, 45,000-square-foot Class A office building in Brookfield, Wisconsin. Located within The Corridor, a premier mixed-use development along I-94, this property boasts a prime location with excellent access and connectivity. The building, constructed in 2022, is currently under a 15-year net lease to Hydrite, serving as their corporate headquarters. The lease includes two five-year renewal options, extending the potential lease term to 2039. The Corridor development features a diverse mix of retail, hospitality, healthcare, fitness, and corporate office spaces, including notable tenants such as Dick's Sporting Goods, Old Navy, and several financial institutions. This single-tenant, corporate headquarters building offers a rare opportunity to acquire a stable, long-term investment in a highly desirable location within Waukesha County, known for its business-friendly environment, low taxes, and strong economic base. The property is zoned PDD and offers a compelling investment profile due to the long-term lease, high-quality tenant, and strategic location within a thriving mixed-use development. The building's modern design and construction, combined with its strong tenant occupancy and location, make this a highly attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1294
    Latitude
    43.0312
    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
    $133,916
    $645,200
    $10,773,900
    $11,419,100
    -
    $0.00
    $0.00
    $12,155,300

    Comparable in this City

    • 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
    • Value Estimation by Request
      6.18 Acres

      18900 Bluemound Rd

      COMMERCIAL (GENERAL)
      18900 Bluemound Rd, Brookfield, WI 53045-6092
      View Details
    • Value Estimation by Request
      1.76 Acres

      17780 Bluemound Rd

      COMMERCIAL (GENERAL)
      17780 Bluemound Rd, Brookfield, WI 53045
      View Details
    • Value Estimation by Request
      0.92 Acres

      18880 Bluemound Rd

      COMMERCIAL (GENERAL)
      18880 Bluemound Rd, Brookfield, WI 53045-6069
      View Details

    Similar Nearby for Sale

    • $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
      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
    • 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

      Retail Center with Ample Parking

      Retail center offering good visibility and ample parking.
      19035 W Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      10,800 SF

      Office Building For Sale

      Office building suitable for owner occupancy with built-in income.
      250 Regency Ct, Brookfield, WI 53045
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      9,035 SF

      Brookfield Retail Space For Lease

      Prime Brookfield location, 1,200 SF available.
      3930 Brookfield Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Retail Space on Bluemound Road

      Retail space with access to The Corridor and high visibility.
      17925 W Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      16,291 SF

      Class A Office Building

      Class A office building with common area amenities for rent.
      18650 W Corporate Dr, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Brookfield, Wisconsin.
      18615 W Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing

      Retail Space on Bluemound Road

      Retail space with high visibility in a desirable location.
      17345 W Bluemound Rd, Brookfield, WI 53045
      View Details
    • Contact for pricing
      3,745 SF

      Brookfield Office Space For Rent

      Office space with tenant improvements and outdoor seating area.
      250 Patrick 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.
    17385 Golf Pkwy
    Brookfield, WI 53045-1128
    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
    17385 Golf Pkwy, 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!