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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Commercial real estate
20300 Water Tower Blvd Brookfield, WI 53045-3594
Entity Owned
~
Est. High Equity
Property ID
US92-3487314
Property summary
AI-generated overview
This exceptional Class A office building, located at 20300 Water Tower Boulevard in Brookfield, Wisconsin, offers 41,553 square feet of prime office space. Built in 1999, this two-story building features three suites, ideal for executive or medical office uses. Currently, 12,692 square feet are available, with spaces ranging from a minimum of 2,455 square feet to a maximum contiguous space of 5,202 square feet. The property boasts a highly visible location with easy freeway access via I-94, providing excellent signage opportunities. Ample parking is available with 214 spaces. Situated in Waukesha County, Wisconsin, with a 53045 zip code, this property presents a unique opportunity for businesses seeking a prestigious and convenient location. The building's modern design and amenities make it an attractive option for a variety of tenants. This is a multi-tenant building offering flexibility in space requirements. Don't miss this chance to secure your business's future in this desirable Brookfield location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
4.05 ac (176,418 SF)
Zoning code
B
APN
BKFT1134999018
UPID
US92-3487314
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Northwestern Mutual Financial Advisor
-
BKM Wealth Management Financial Advisor
-
Luminate Home Loans: Gerard Rosploch Loan Service Bank
-
Northwestern Mutual - Patrick Horne Insurance Agency
-
Luminate Home Loans, Inc | NMLS #150953 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Three Gear Holdings LLC
Three Gear Holdings LLC
since 2025
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
B · Brookfield, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brookfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brookfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,769
Tax year 2023
Assessed value
$4,691,000
Assessed 2023
Previous assessed
$6,230,700
-24.7% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,565,100
Assessed improvement
$3,125,900
Total market value
$4,967,100
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
4.05 ac (176,418 SF)
Zoning code
B
APN
BKFT1134999018
UPID
US92-3487314
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Brookfield, WI
Zoning B · permitted uses
B · Brookfield, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brookfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.05 ac
Current owner
From public records · entity-resolved
Three Gear Holdings LLC
Entity
Mailing address
PO BOX 308, DOUSMAN, WI 53118-0308
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$3,700,000
Three Gear Holdings LLC
Janesville LLP
Special Warranty Deed
$3,755,000 · Jerry David Etux
Jan 18, 2022
—
Janesville LLP
—
Deed
related
$3,736,925 · Tri City National Bank
Jul 21, 2017
—
Janesville LLP
—
Deed
related
$3,900,000 · Tri City National Bank
May 15, 2017
—
Janesville LLP
—
Deed
related
—
Jun 28, 2016
—
Janesvile LLP
—
Deed
related
$326,000 · North Shore Bank Fsb
Oct 4, 2013
—
Janesville LLP
—
Trustees Deed
related
$600,000 · Waterstone Bank
—
—
Janesville LLP
—
Deed Of Trust
related
$3,500,000 · Waterstone Bank
—
—
Janesville LLP
—
Loan Modification
related
$3,250,000 · North Shore Bk
—
—
Janesville LLP
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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