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

    848 Commercial Ave Whitewater, WI 53190

    Sponsored
    For Sale
    $1,199,000
    Property size:
    19,336 SF
    Added:
    Feb 3, 2025
    Days on Market:
    360

    Property Features for 848 Commercial Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    19,336 SF
    Lot Size
    261,796 SF

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Kristen Parks

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitewater
    County
    WALWORTH
    State
    Wisconsin
    Longitude
    -88.71374
    Latitude
    42.83839

    Nearby Similar for Sale

    • $485,000
      0.12 Acres

      Whitewater Duplex Near UW Campus

      Well-maintained duplex near UW Whitewater with strong rental history.
      129 S Church St, Whitewater, WI 53190
      View Details
    • $233,000
      0.26 Acres

      Whitewater Duplex with Income Potential

      Two-unit duplex in Whitewater, WI, with income potential.
      650-652 E North St, Whitewater, WI 53190
      View Details
    • $274,000
      2,011 SF

      Ranch-Style Condo with Modern Updates

      2-bedroom, 2-bath condo with updated features and potential for expansion.
      1270 E Jakes Way, Whitewater, WI 53190
      View Details
    • $274,000
      2,011 SF

      Ranch Condo with Modern Updates

      Two-bedroom, two-bathroom ranch condo with updated features and flexible lower level.
      1270 E Jakes Way, Whitewater, WI 53190
      View Details
    • $230,000
      1,583 SF

      Iconic Whitewater Tavern for Sale

      Historic Downtown Business Opportunity
      130 Main St, Whitewater, WI 53190
      View Details
    • $899,000
      4,195 SF

      Downtown Whitewater Commercial Gem

      Historic building, restaurant & apartment
      146 Main St, Whitewater, WI 53190
      View Details
    • $139,000
      1,988 SF

      Downtown Whitewater Commercial Space

      Prime Location, 13 Offices, Great Value
      261 4Th St, Whitewater, WI 53190
      View Details
    • Contact for pricing
      2,000 SF

      West Whitewater Commercial Space

      High-traffic location, updated unit, NNN lease.
      1132 Main St, Whitewater, WI 53190
      View Details
    • $249,000
      5,448 SF

      Whitewater Commercial Building Opportunity

      Mixed-use building, 5,448 sq ft, great potential.
      209 Taft St, Whitewater, WI 53190
      View Details
    • $1,499,000
      19,336 SF

      Warehouse for Sale: Whitewater, WI

      Industrial Warehouse - 19,336 SF, 6 Acres
      848 Commercial Ave, Whitewater, WI 53190
      View Details
    • $2,790,000
      30,500 SF

      Whitewater Warehouse: Prime Investment

      30,500 SF Warehouse, 6.5% Cap Rate
      369 Newcomb St, Whitewater, WI 53190
      View Details
    • $899,000
      4,195 SF

      Downtown Whitewater Mixed-Use Property

      Historic building, strong rental income.
      146 Main St, Whitewater, WI 53190
      View Details

    FAQs

    Where is this commercial real estate located?
    The property is located at 848 Commercial Ave Whitewater, WI.
    What is the asking price?
    The asking price for this property is $1,199,000.
    (414) 425-2700
    Request Owner's contact information
    848 Commercial Ave Whitewater, WI 53190
    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.
    848 Commercial Ave
    Whitewater, WI 53190
    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
    848 Commercial Ave Whitewater, WI 53190
    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
    Kristen Parks
    (414) 425-2700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.