Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots in High-Traffic Area Title is generated by Realmo AI

    1531 N Port Washington Rd, Grafton, WI 53024

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two commercial lots available near national retailers.

    Type:Land
    Added:
    Mar 13, 2026
    Days on Market:
    62
    Last Refresh:
    Mar 19 at 11:21 pm

    Property Features for 1531 N Port Washington Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Victor Anderson

    Listing agent Victor Anderson License #WI 54899-90

    Listing office Lokre Companies

    Listing date Mar 13, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lokre Companies

    HighLights

    • Two commercial lots available.
    • Located along a high‑traffic corridor.
    • Close proximity to national retailers.
    • Nearby Meijer.
    • Nearby Target.
    • Ideal for commercial development.

    Overview

    Two commercial lots are available along a high-traffic corridor. The location benefits from the proximity of several national retailers, including Meijer and Target.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Ozaukee
    State
    Wisconsin
    Longitude
    -87.924589
    Latitude
    43.333628

    Nearby Similar for Sale

    • $699,000
      2,600 SF

      Versatile Commercial Property on Port Washington

      1.9-acre commercial property with 2,600 sqft building for sale.
      481 Port Washington Rd, Grafton, WI 53024
      View Details
    • $489,900

      Grafton Vacant Land For Sale

      1.28-acre commercial land with high visibility in Grafton, Wisconsin.
      1735 Port Washington Rd, Grafton, WI 53024
      View Details
    • $359,900

      Lakefront Lot in Exclusive Community

      One-acre lot in private lakefront community near Lake Michigan.
      Lt1 Trillium Ct, Grafton, WI 53024
      View Details
    • $1,600,000
      2,000 SF

      Retail Space on Highway 60

      Retail space in Grafton's bustling neighborhood retail center.
      1003-1005 Washington St, Grafton, WI
      View Details
    • Contact for pricing
      239 SF

      Affluent Milwaukee Northshore Retail Opportunity

      Retail space in Grafton Commons near I-43 and Hwy 60.
      1070 N Port Washington Road | Grafton, WI 53024, WI 53024
      View Details
    • $3,000,000

      Land with High Visibility

      Land with easy access and high traffic visibility.
      Port Washington Rd, Grafton, WI
      View Details
    • Contact for pricing

      Grafton Commercial Development Site

      Commercial land with excellent visibility in a fast-growing market.
      Grafton, WI 53074
      View Details
    • $500,000

      Grafton Waterfront Land For Sale

      Tranquil waterfront land with breathtaking views overlooking Grafton Falls.
      1895 16th Ave Lt2 CSM 3934 Grafton, Grafton, WI 53024
      View Details
    • $460,000
      3,600 SF

      Retail Space in Growing Corridor

      Retail property in Grafton with dedicated parking and signage.
      2070 Wisconsin Ave, Grafton, WI
      View Details
    • $650,000

      Grafton Commercial Land Available

      Commercial land available with potential utility connections and rail access.
      Valley Ct & W Pleasant Valley Rd, Grafton, WI
      View Details
    • $475,000

      Land Parcels in Grafton, WI

      Three land parcels available for sale in Grafton, Wisconsin.
      1951 Washington St, Grafton, WI
      View Details
    • $1,100,000

      Land For Sale

      Land available for sale.
      1294 Washington St, Grafton, WI 53024
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots available near national retailers.
    Where is this commercial land located?
    The property is located at 1531 N Port Washington Rd Grafton, WI.
    What are key features of this property?
    This property features: Two commercial lots available.; Located along a high‑traffic corridor.; Close proximity to national retailers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Victor Anderson
    Real Estate License ID: WI 54899-90
    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

    Thank You for Inquiry
    1531 N Port Washington Rd, Grafton, WI 53024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!