Sign Up Successful!
You now have access to more from Realmo!
    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 Dr Janesville, WI 53548

    Sponsored
    For Sale
    $89,900

    City,Other - Janesville, WI

    Lot size:
    0.95 Acres
    Days on Market:
    51
    Last Refresh:
    Feb 7 at 7:06 am

    Property Features for 2930 W Memorial Dr

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jan Davis

    Jeanette Davis (608) 289-2116

    Listing agent Jan Davis (608) 882-6200

    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.

    Learn more

    Property Insight Report

    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

    • $625,000
      1.29 Acres

      Historic Janesville Bed & Breakfast

      Turnkey bed and breakfast with modern upgrades on 1.29 acres.
      2200 W Memorial Dr, Janesville, WI 53548
      View Details
    • $415,000
      0.37 Acres

      Janesville Duplex with Income Potential

      Well-maintained duplex on West State St, ideal for investment.
      1515-1517 W State St, Janesville, WI 53546
      View Details
    • $2,500,000
      30,000 SF

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville for sale.
      401 E Conde St, Janesville, WI 53546
      View Details
    • $2,995,000

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville for sale.
      Confidential St, Janesville, WI 53546
      View Details
    • New
      $264,900
      0.27 Acres

      Well-Maintained Duplex in Janesville, WI

      Side-by-side duplex with a center car garage in Janesville.
      2415-2419 Mt.zion Ave, Janesville, WI 53545
      View Details
    • $1,100,000
      5 SF

      Free-Standing Restaurant in Janesville, WI

      Free-standing restaurant in Janesville's Midlands business park near I-90/39.
      632 Midland Rd, Janesville, WI 53546
      View Details
    • $750,000

      Retro Motel with Investment Potential

      Charming 23-unit motel with hot tub and manager's quarters.
      3912 N Hackbarth Rd, Janesville, WI 53548
      View Details
    • $5,525,000
      75,177 SF

      Industrial Portfolio For Sale

      Portfolio of industrial properties occupied by a single tenant.
      2042 Beloit Ave, Janesville, WI 53546
      View Details
    • $1,275,000
      15,795 SF

      Industrial Property with Lease Income

      Industrial property featuring lease income, office space, and ample parking.
      2104 Beloit Ave, Janesville, WI 53546
      View Details
    • Contact for pricing
      1.62 Acres

      Janesville Commercial Space for Lease

      Updated Office Space, Great Location, $300/Month
      1310 Plainfield Ave, Janesville, WI 53545
      View Details
    • $900,000
      7,892 SF

      Janesville Motel: Prime Investment Opportunity

      Retro motel, 23 units, high rental potential.
      3912 Hackbarth Rd, Janesville, WI 53548
      View Details
    • $34,200
      4,206 SF

      Downtown Janesville Commercial Space

      High-traffic retail space, endless potential.
      215 Milwaukee St, 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 Dr 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
    Request Owner's contact information
    2930 W Memorial Dr Janesville, WI 53548
    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.
    2930 W Memorial Dr
    Janesville, WI 53548
    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
    2930 W Memorial Dr Janesville, WI 53548
    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

    We can help!
    Listing Contact
    Jan Davis
    (608) 289-2116
    Learn more
    Google sign-in failed. Please try again or use another login method.