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Property profile & analytics
FOR SALE
Retail space

8008 W Brown Deer Rd Milwaukee, WI 53223

16,709 SF 1.55 ac lot Built 1995
Entity Owned 17-yr Hold Free & Clear
Property ID
US92-0113775
Property summary
AI-generated overview

This exceptional 16,709 square foot free-standing retail building, located at 8008 W Brown Deer Rd in Milwaukee, WI, presents a compelling investment opportunity. Currently leased to The Salvation Army, this property boasts a highly visible corner location at the signalized intersection of Brown Deer Road, North 76th Street, and I-41, ensuring substantial traffic exposure. The building features pylon signage, further enhancing its visibility. Situated within a thriving commercial area, it benefits from proximity to major national retailers including Walgreens, Walmart, McDonald's, Menard's, Aldi, and Enterprise Rent-A-Car. The property sits on a 67,518 square foot lot and is zoned RB-1. A significant demographic advantage exists, with 149,890 people residing within a five-mile radius, boasting an average annual household income of $80,000. The daily traffic count on Brown Deer Road is 28,886 vehicles. This property is designated as an Opportunity Zone property. Real estate taxes for 2021 were $38,236 (under protest). This presents a rare opportunity for both users and investors seeking a high-traffic, strategically located retail asset in a densely populated area of Milwaukee. The asking price is $1,600,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Total area 16,709 SF
Lot 1.55 ac (67,605 SF)
Zoning code RB1
APN 032-0143-100
UPID US92-0113775
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$1.69M
Owner & transaction history
Rms Properties II LLC · 17 yrs held
Rms Properties II LLC
since 2009
1 recorded transaction
2009
$307,300
Zoning & alternative use
RB1 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(NS1 & NS2, LB1-LB3, RB1 & RB2, CS) 295-601 Purposes 295-603 Uses 295-605 Design Standards SUBCHAPTER 7 DOWNTOWN DISTRICTS (C9A-C9H) 295-701 Purposes 295-703 Uses 295-705 Design Standards 295-Table Zoning 11/4/2025 -652- SUBCHAPTER 8 INDUSTRIAL DISTRICTS (IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCH…

Zone name Regional Business Districts
General category COMMERCIAL
Source Master V2
Top alternative use upside
Restaurant $2.1M +18.2%
Auto repair, garage $2.0M +10.8%
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