Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Janesville Rd & Parkland Dr Muskego, WI

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Corner lot available for development in Muskego, Wisconsin.

    Lot size:
    2.93 Acres

    Property Features for Janesville Rd & Parkland Dr

    General Information

    Lot size
    2.93 Acres

    We can help!

    Listing Contact
    David Hazenfield
    David Hazenfield
    Source: Moodyscre

    Listing Agent: David Hazenfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Muskego Commercial Land For Sale

    This ~2.93 acre commercial property is located at the corner of Janesville Rd and Parkland Dr in Muskego, WI. The location benefits from approximately 15,100 cars passing by daily. The property consists of two lots. Outlot 1 is approximately 0.78 acres and serves as a stormwater retention area. Outlot 2 is approximately 2.15 acres and is available for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Muskego
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1389779
    Latitude
    42.905848

    Nearby Similar for Sale

    • $615,500
      1.00 Acre

      Muskego Two-Family Investment Opportunity

      Well-maintained two-family home in a convenient location.
      23123 Rasmusson Dr, Muskego, WI 53150
      View Details
    • Contact for pricing
      12,720 SF

      Muskego Property with Excess Land

      Property with furniture, fixtures, equipment, and land included.
      14891 Janesville Rd, Muskego, WI 53150
      View Details
    • $3,195,000
      33,000 SF

      Retail Property on Janesville Road

      Divisible retail building with high visibility and road frontage.
      S83 Janesville Rd, Muskego, WI 53150
      View Details
    • Contact for pricing
      4,900 SF

      Turn-Key Bar & Restaurant

      Turn-key bar and restaurant with all furniture and equipment included.
      S67 Janesville Rd, Muskego, WI 53150
      View Details
    • $1,190,000
      10,250 SF

      Muskego Warehouse with Loading Dock

      10,250 SF warehouse with loading dock and drive-in doors.
      S83 Saturn Dr, Muskego, WI 53150
      View Details
    • $950,000
      12,009 SF

      Muskego Commercial Property w/ Event Hall

      Prime location, versatile space, high traffic.
      S76W17745 Janesville Rd, Muskego, WI 53150
      View Details
    • $1,649,000
      7,023 SF

      Muskego Victorian Live/Work Gem

      Historic Charm, Modern Amenities, Huge Potential
      S77W18512 Janesville Rd, Muskego, WI 53150
      View Details
    • $499,000
      7,100 SF

      Loomis Road Retail Investment Opportunity

      Muskego Retail/Auto Shop, High Traffic
      S107W16311 Loomis Rd, Muskego, WI 53150
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot available for development in Muskego, Wisconsin.
    Where is this land located?
    The property is located at Janesville Rd & Parkland Dr Muskego, WI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High-traffic location: Approximately 15,100 cars pass by daily.; - Development opportunity: **+/- 2.15 acres available for development.**; - Large lot size: Total of ~2.93 acres.
    (262) 436-4760
    Request Owner's contact information
    Janesville Rd & Parkland Dr Muskego, WI
    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.
    Janesville Rd & Parkland Dr
    Muskego, WI
    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
    Janesville Rd & Parkland Dr Muskego, WI
    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
    David Hazenfield
    David Hazenfield
    (262) 436-4760
    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.