Add Listing
    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

    Lt2 Lawnsdale Rd Waukesha, WI 53189

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

    Commercial land with high visibility and B2 zoning.

    Type:Special Purpose
    Added:
    Jul 11, 2024
    Days on Market:
    650
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for Lt2 Lawnsdale Rd

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Gabriella Watt

    Listing agent Gabriella Watt License #110202-94

    Listing office Coldwell Banker Elite Oconomowoc

    Listing date Jul 11, 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 Coldwell Banker Elite Oconomowoc

    Overview

    Waukesha Corner Lot For Sale

    This commercial land offers a development opportunity in a favorable location. The property is zoned B2 and benefits from a high-traffic location with approximately 22,000 cars per day, according to DOT data. Situated on a corner lot at a traffic light intersection, the site provides high visibility and is in close proximity to I-43. Various amenities are nearby, including a new charter grade school and surrounding neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Department Store Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.248235
    Latitude
    42.9586604

    Nearby Similar for Sale

    • $574,900

      Waukesha Industrial Park Land Opportunity

      Prime corner lot in established Waukesha business park.
      Lt1 Corporate Dr, Waukesha, WI 53189
      View Details
    • $299,900

      Waukesha Duplex Investment Opportunity

      Duplex in Waukesha with immediate cash flow potential.
      512 E Main St, Waukesha, WI 53186
      View Details
    • $204,900

      Waukesha Multifamily Rehab Opportunity

      Four-unit multifamily property near downtown Waukesha, ideal for renovation.
      206 Maple Ave, Waukesha, WI 53186
      View Details
    • $243,000

      Vacant Lot in Golf Community

      Private lot to build your dream home in Waukesha, WI.
      S36w27328 Legend at Merrill Hills Ct, Waukesha, WI 53189
      View Details
    • $250,000

      Waukesha Vacant Land Opportunity

      3.39 acres of land, ideal for custom homes.
      Lt 11 Holiday Hill Rd, Waukesha, WI 53189
      View Details
    • $215,000

      Residential Lot in Waukesha County

      Over an acre lot ready for a custom dream home.
      Lot 1 Cardinal Ct, Waukesha, WI 53189
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in a new home neighborhood with scenic views.
      Lt35 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt36 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt34 White Oak Way, Waukesha, WI 53188
      View Details
    • $174,900

      Residential Land in Waukesha, WI

      Vacant land in Waukesha's Skyline neighborhood, perfect for families.
      Lt32 White Oak Way, Waukesha, WI 53188
      View Details
    • $225,000

      Residential Land in Waukesha County

      A 1.38-acre residential lot ready for a custom home.
      Lt6 Cardinal Ct, Waukesha, WI 53189
      View Details
    • $5,850,000
      10,087 SF

      Waukesha Retail Learning Experience Property

      Corporate learning experience property for sale in Waukesha, Wisconsin.
      2031 Meadow Ln, Waukesha, WI 53188
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and B2 zoning.
    Where is this commercial land located?
    The property is located at Lt2 Lawnsdale Rd Waukesha, WI.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: High traffic location with approximately 22,000 cars per day.; B2 zoning suitable for business/commercial development.; **High visibility corner lot at traffic light intersection.**
    (855) 569-0588 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gabriella Watt
    Real Estate License ID: 110202-94
    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!