Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2930 W Memorial Drive Janesville, WI 53548

    View on Map
    For Sale
    $89,900

    City,Other - Janesville, WI

    Lot size:
    0.95 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    102
    Last Refresh:
    Mar 31 at 2:06 pm

    Property Features for 2930 W Memorial Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3
    Vegetation
    Wooded
    Exterior features
    Wooded, None
    Standard status
    Active
    APN
    241 0127200043
    Lot size
    0.95 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    864

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jan Davis

    Listing agent Jan Davis

    Listing office Evansville Realty LLC 1 E Main St, Evansville, WI

    Listing date Dec 19, 2025

    MLS# 1998817 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Lot Zoned R3

    This 0.95-acre wooded lot is zoned R3 and located on the edge of the city in Janesville, Wisconsin. It is suitable for builders and investors to develop their plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Skin Care Clinic Accounting Firm Kitchen & Bath Showroom Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.058636
    Latitude
    42.699658

    Nearby Similar for Sale

    • $550,000

      Turnkey Bait Shop Opportunity

      Well-established bait and ice cream shop near Ice Age Trail.
      815 S Washington Street, Janesville, WI 53548
      View Details
    • $549,900

      Historic Janesville Bed & Breakfast

      Landmark property with income potential, near shopping and highways.
      2200 W Memorial Drive, Janesville, WI 53548
      View Details
    • $2,400,000

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville, Wisconsin.
      401 E Conde Street, Janesville, WI 53546
      View Details
    • $395,000

      Prime Commercial Land Opportunity

      0.72 acre commercial land near Uptown Janesville Mall.
      1901 Holiday Drive, Janesville, WI 53545
      View Details
    • $395,000

      Janesville Vacant Land Opportunity

      0.72 acre commercial land near Uptown Janesville Mall.
      1901 Holiday Drive, Janesville, WI 53545
      View Details
    • $350,000

      Janesville Four-Unit Income Property

      Four 1-bedroom units, immediate cash flow in Janesville.
      808 E Court Street, Janesville, WI 53545
      View Details
    • $380,000

      Well-Maintained Duplex in Janesville, WI

      Side-by-side duplex with income potential on West State St.
      1515-1517 W State Street, Janesville, WI 53546
      View Details
    • $239,900

      Two-Unit Property in Janesville, WI

      Two-unit property near downtown Janesville, close to amenities.
      414 N High Street, Janesville, WI 53548
      View Details
    • $199,900

      Janesville Corner Commercial Opportunity

      High-exposure commercial property in Janesville with flexible B6 zoning.
      123 N Jackson Street, Janesville, WI 53548
      View Details
    • $149,900

      Waterfront Lot with Luxury Home Plans

      Permit-ready waterfront lot with luxury home blueprints included.
      L75 Pond View Court, Janesville, WI 53548
      View Details
    • $229,900

      2.3-Acre Parcel in Janesville, WI

      2.3-acre L-shaped parcel offering endless possibilities in Janesville.
      2300 S Jackson Street, Janesville, WI 53546-3223
      View Details
    • $102,000

      Residential Land in Janesville, WI

      Residential development land with conservancy space and walking trails.
      L98 Greenway Circle, Janesville, WI 53548
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.95-acre wooded lot on the city edge.
    Where is this land located?
    The property is located at 2930 W Memorial Drive Janesville, WI.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Prime wooded lot offers privacy and natural beauty.; Zoned R3, allowing for various residential development options.; Ideal for builders and investors seeking development opportunities.
    (608) 289-2116
    We can help!
    Listing Contact
    Jan Davis
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!