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

    4777 S 27th St Greenfield, WI 53221

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

    Former Festival Foods location for lease or sale.

    Type:Retail
    Property size:
    113,747 SF
    Added:
    Sep 30, 2024
    Days on Market:
    566
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 4777 S 27th St

    General Information

    Standard status
    Active
    Size
    113,747 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Mike Fitzgerald

    Listing agent Mike Fitzgerald License #WI 55552-94

    Listing office Mid America Real Estate Milwaukee

    Listing date Sep 30, 2024

    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 Mid America Real Estate Milwaukee

    Overview

    Former Grocery Store Available

    The former Festival Foods location on 27th Street in Greenfield, WI, is available for lease or sale. The property is a retail space and was previously used as a grocery store. The property size is 113747 square feet. There is a Dollar Tree lease included, and significant existing term remains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Pacific Produce — 5455 S 27th St, Milwaukee, WI 53221

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9519571
    Latitude
    42.956924

    Nearby Similar for Sale

    • $149,900
      1,400 SF

      Versatile Commercial Property with Potential

      Commercial zoned property with flexible layout for business or live/work.
      4510 W Loomis Rd, Greenfield, WI 53220
      View Details
    • $375,000

      Greenfield Duplex Near Alverno College

      Duplex near Alverno College and Jackson Park.
      3448 S 44th St, Greenfield, WI 53219
      View Details
    • $1,500,000
      5,000 SF

      Greenfield Medical/Wellness Office For Sale

      Excellent visibility, ideal for medical or wellness use.
      8081 W Layton Ave, Greenfield, WI
      View Details
    • $1,500
      1,100 SF

      Office Space Near Turf Skatepark

      Office space for lease near the Turf Skatepark.
      4230 W Loomis Road, GREENFIELD, WI, 53221
      View Details
    • Contact for pricing

      Retail/Warehouse Space on S 108th

      Open building for sales and storage on S 108th Street.
      4150 South 108th Street, Greenfield, WI 53228
      View Details
    • Contact for pricing
      10,300 SF

      Retail Property on Beloit Road

      Retail property with high visibility and multiple access points.
      3740 S. 108th St., Greenfield, WI 53228
      View Details
    • Contact for pricing
      63,340 SF

      Greenfield Shopping Center For Sale

      63,340 SF neighborhood shopping center in Greenfield, Wisconsin.
      6201 South 27th Street, Greenfield, WI 53221
      View Details
    • $1,750,000
      4,000 SF

      Greenfield Commercial Property For Sale

      Commercial property for sale in Greenfield, Wisconsin. 4,000 square feet.
      4737 S 108th St, Greenfield, WI 53228
      View Details
    • Contact for pricing
      113 SF

      Former Grocery Store Available

      113,747 SF building, formerly a Festival Foods store.
      4777 South 27th Street | Greenfield, WI 53221, WI 53221
      View Details
    • $199,000
      1,240 SF

      Greenfield Condo with Garage

      Move-in-ready condo featuring two bedrooms, garage, and basement.
      5029 W Colonial Ct, Greenfield, WI 53220
      View Details
    • $450
      400 SF

      Serviced Offices For Sale

      Vacant suites with included utilities and shared amenities available for purchase.
      10303 W Oklahoma Avenue, GREENFIELD, WI, 53227
      View Details
    • Contact for pricing
      675 SF

      Greenfield Office Space For Lease

      Office suites available with freeway access and ample parking.
      4402-4406 S 68th St, Greenfield, WI
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Former Festival Foods location for lease or sale.
    Where is this grocery and convenience store located?
    The property is located at 4777 S 27th St Greenfield, WI.
    What are key features of this property?
    This property features: Former Festival Foods location: Benefit from high visibility and established retail presence.; Available for lease or sale: Offering flexible options.; Significant existing term remains: Provides immediate income stream.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Fitzgerald
    Real Estate License ID: WI 55552-94
    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!