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    8200 W Brown Deer Rd Milwaukee, WI 53223
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    Property profile & analytics

    8200 W Brown Deer Rd, Milwaukee, WI 53223

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    • Office buildings
    • 25,730 SF
    • 1.99 lot acres
    For Sale
    $2,525,000
    View Listing →
    Mixed-Use Retail/Office Property For Sale
    $2,525,000
    22,000 SF

    Mixed-Use Retail/Office Property

    22,000 SF mixed-use retail and office property for sale.

    8200 W Brown Deer Rd, Milwaukee, WI 53223
    View Listing
    Property ID
    US92-3520452
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RJ Harris & MD Creations Copy Center / (Bike/Boat/Book/etc) Store / Printing Service
    • Andy's On Brown Deer / Gas Station
    • Creative Marketing MKE / Data Center / IT Consulting Firm
    • Victims of Milwaukee Violence Burial Fund / Charitable Organization / Social Service Agency
    • Vera Harris, MSW / Counselor / Social Worker

    Property Details for 8200 W Brown Deer Rd

    Year built
    1978
    Lot size
    1.99 lot acres
    Zone code
    RB1
    Property type
    Office buildings
    APN
    032-0041-100
    APU
    320041100

    Description

    This exceptional 22,000 square foot mixed-use commercial property, located at 8200 W Brown Deer Road in Milwaukee, Wisconsin, presents a unique investment opportunity. The building, constructed in 1974 and extensively renovated in 2007, boasts a Class B rating and is situated on a highly trafficked section of Brown Deer Road, ensuring excellent visibility and accessibility. The property's versatile layout includes space previously configured as a fully built-out bank, complete with a drive-thru, along with storefront and executive office areas, making it suitable for a variety of businesses. The multi-tenant configuration offers flexibility for different occupancy needs. The property is offered under a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This 22,000 square foot space is located within a Community Reinvestment Act (CRA) Low-to-Moderate Income (LMI) zone, potentially offering additional incentives or benefits. The property's diverse functionality, prime location, and recent renovations make it an attractive option for investors seeking a strong return on investment in a thriving Milwaukee market. The zip code is 53223.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,674,000
      Market price range: $1.08M - $3.16M
      AI Estimate
      $1,817,000
      Market price range: $603k - $2.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,040,000
      Current use
      RESTAURANT
      $3,270,000
      Change: +61% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,070,000
      Change: +51% Conversion: Difficult
      RETAIL STORES
      $2,770,000
      Change: +36% Conversion: Moderate
      MEDICAL BUILDING
      $2,650,000
      Change: +30% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,395,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,230,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0123
    Latitude
    43.1784
    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
    2022
    $47,713
    $519,200
    $1,547,700
    $2,066,900
    -
    $519,200
    $1,547,700
    $2,066,900

    Comparable in this City

    • Value Estimation
      $13,300,000
      184,712 SF

      7800 Brown Deer Rd, Unit 7810

      OFFICE BUILDING (MULTI-STORY)
      7800 Brown Deer Rd, Milwaukee, WI 53223-1912
      View Details
    • Value Estimation by Request
      10,171 SF

      6933 Brown Deer Rd

      OFFICE BUILDING (MULTI-STORY)
      6933 Brown Deer Rd, Milwaukee, WI 53223-2108
      View Details
    • Value Estimation
      $26,285,000
      333,971 SF

      6635 Champions Way, Unit 7301

      OFFICE BUILDING (MULTI-STORY)
      6635 Champions Way, Milwaukee, WI 53223-1201
      View Details
    • Value Estimation
      $1,190,000
      21,364 SF

      7123 Calumet Rd

      OFFICE BUILDING
      7123 Calumet Rd, Milwaukee, WI 53223-4007
      View Details
    • Value Estimation by Request
      6,789 SF

      8021 Tower Ave

      OFFICE BUILDING (MULTI-STORY)
      8021 Tower Ave, Milwaukee, WI 53223-3215
      View Details
    • Value Estimation
      $615,000
      5,345 SF

      7120 Good Hope Rd

      OFFICE BUILDING
      7120 Good Hope Rd, Milwaukee, WI 53223-4611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,745 SF

      Office Building on Brown Deer

      Office building with excellent visibility and access on Brown Deer.
      7901 W Brown Deer Rd, Milwaukee, WI 53223
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      Multi-Use Property in Key Industrial Area

      Versatile property with office, warehouse, and storage units.
      6471 N Industrial Rd, Milwaukee, WI 53223
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      19,902 SF

      Retail/Office Strip Center For Sale

      Established retail/office strip center in Milwaukee, Wisconsin.
      7919 N 76Th St, Milwaukee, WI 53223
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      31,329 SF

      Versatile Flex Space Available

      Warehouse, distribution, office, and flex space for sale.
      9050 N Deerbrook Trl, Brown Deer, WI 53223
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    • Contact for pricing
      22,000 SF

      Mixed-Use Retail/Office Property

      22,000 SF mixed-use retail and office property for sale.
      8200 W Brown Deer Rd, Milwaukee, WI 53223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brown Deer Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      9055 N 51St St, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Brown Deer Flex Space Available

      Flex, industrial, office, and warehouse spaces for lease.
      9050-9088 N Deerbrook Trl, Brown Deer, WI 53223
      View Details
    • Contact for pricing

      Office/Retail Space in Bradley Square

      Office/retail space with vibrant mix of tenants and high traffic.
      7919 N 76Th St, Milwaukee, WI 53223
      View Details
    • Contact for pricing

      Brown Deer Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      9011-9045 N Deerwood Dr, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      2,530 SF

      Office Space Near I-43

      Class B office space with immediate occupancy and free parking.
      5600 W Brown Deer Rd, Brown Deer, WI 53223
      View Details
    • Contact for pricing
      5,600 SF

      Former Clinic on Good Hope

      5,600 SF space suitable for medical services.
      7720 W Good Hope Rd, Milwaukee, WI 53223
      View Details
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    Milwaukee, WI 53223
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    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.

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    8200 W Brown Deer Rd, Milwaukee, WI, 53223
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