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    C2 Zoned Commercial Vacant Lot Title is generated by Realmo AI

    Lot 7 West Howard Avenue, Greenfield, WI 53221

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    Claim this Listing
    For Sale
    $65,000

    Vacant, commercially zoned C2 lot offering visibility in an active development area, with survey available for next steps.

    Type:Land / Vacant Land
    Property size:
    4,356 SF
    Price / SF:
    $14/SF
    Added:
    May 21, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 6 at 5:21 am

    Property Features for Lot 7 West Howard Avenue

    General Information

    Standard status
    Active
    Size
    4,356 SF
    Property subtype
    Land / Vacant Land

    We can help!

    Listing Contact
    Santa K Calderon Ramirez
    Santa K Calderon Ramirez

    Listing agent Santa K Calderon Ramirez License #58604-90

    Listing office Cherry Home Realty, LLC

    Listing date May 21, 2026

    Source Compass

    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 Cherry Home Realty, LLC

    HighLights

    • Vacant lot with commercial zoning C2, suitable for retail, service, office, mixed‑use, or business‑related development (buyer to verify permitted uses).
    • Survey available for the property.
    • Utilities: buyer to verify availability of sewer, water, gas, and electric at the lot line.
    • Location directions: from Loomis, turn right onto Howard; lot is between the blue building and the brick corner building.
    • Buyer to verify zoning requirements, permitted uses, utility access, setbacks, and all building requirements with the municipality.

    Overview

    This is a vacant commercial land parcel zoned C2, offered with a survey available. The lot is positioned for future development consistent with C2 zoning, and the buyer will need to confirm building requirements and site constraints with the municipality.

    The property is described as being in a developing area with surrounding residential and commercial activity nearby. Access and visibility are highlighted, and it is identified as Lot 7 between the blue building and the brick building on the corner, with directions noted as: from Loomis take a right onto Howard.

    For owner-users and developers, the C2 zoning supports a range of business-oriented concepts, including retail, service, office, mixed-use, or other business-related development. Utilities are not confirmed; the buyer is responsible for verifying availability of sewer, water, gas, and electric at the lot line, along with setbacks and all permitting requirements prior to planning or construction.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.908913
    Latitude
    42.973702

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    FAQs

    What type of property is this?
    Commercial land - Vacant, commercially zoned C2 lot offering visibility in an active development area, with survey available for next steps.
    Where is this commercial land located?
    The property is located at Lot 7 West Howard Avenue Greenfield, WI.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Vacant lot with commercial zoning C2, suitable for retail, service, office, mixed‑use, or business‑related development (buyer to verify permitted uses).; Survey available for the property.; Utilities: buyer to verify availability of sewer, water, gas, and electric at the lot line.
    (414) 254-1204
    We can help!
    Listing Contact
    Santa K Calderon Ramirez
    Santa K Calderon Ramirez
    Real Estate License ID: 58604-90
    Learn More
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    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
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