Property profile

620 Elizabeth Ct Brookfield, WI 53045

FOR SALE
Commercial real estate
Property ID
US92-0637316
3.03 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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620 Elizabeth Ct, Brookfield, WI 53045 For Sale
$4,200,000
620 Elizabeth Ct, Brookfield, WI 53045
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Property summary

AI-generated overview

This exceptional multi-use property, located at 620 Elizabeth Ct in Brookfield, Wisconsin, presents a compelling investment opportunity. The 25,660 square foot building sits on a 3.02-acre lot and boasts a desirable 7.25% cap rate. Built in 1995 and extensively renovated in 2019, the property features a mix of retail (4,500 SF), office (5,150 SF), and warehouse space (16,010 SF), plus an additional 700 square feet of second-floor office space. The building's versatile layout caters to a variety of business needs. Improvements completed in 2019 include a new 60-mil ballasted rubber membrane roof, updated HVAC and LED lighting systems, and a fully renovated office and retail showroom. The property includes 143 parking spaces and two grade-level loading docks. Constructed with poured concrete panels and equipped with a wet sprinkler system, the building offers exceptional durability and safety. Currently fully leased to Authentic Sport Specialty until June 30th, 2029, this property provides immediate cash flow and long-term stability. Its strategic location just off Bluemound Road, minutes from the Goerkes Corners interchange, ensures high visibility and easy access to major transportation routes. This is a rare opportunity to acquire a flexible, high-performing asset in one of Southeastern Wisconsin's most dynamic commercial corridors. The asking price is $4,200,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.03 ac (131,769 SF)
Zoning code B
APN BKFT1123992002
UPID US92-0637316

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Corporate Office

Location

620 Elizabeth Ct Brookfield, WI 53045
Brookfield metro Census 201205 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2019
$2.1M
2016
$1.6M
1969
Price N/A

Zoning & alternative use

B · Brookfield, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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