Property profile

4777 S 27Th St Greenfield, WI 53221

FOR SALE
Commercial real estate
Property ID
US92-0484764
130,723 SF 12.94 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 4777 S 27th St in Greenfield, Wisconsin (zip code 53221), offers a substantial 113,747 square feet of space. The property is currently configured as a big-box retail center and features a significant existing lease with a prominent tenant. A portion of the space (10,000 square feet) is currently occupied by a Dollar Tree store under a separate lease agreement. The remaining space was previously occupied by a Festival Foods grocery store, which opened in 2021 following a complete remodel. The property's ownership is open to various transaction structures, including a sale of the entire property, a lease of the entire property, or a lease of the former Festival Foods space as a single-tenant occupancy. The substantial existing lease on the former Festival Foods space presents a unique opportunity for investors and tenants alike. This high-visibility location in Milwaukee County offers excellent access and high traffic volume, making it an ideal location for a variety of retail businesses. The property's size and configuration provide ample space for a wide range of retail uses. Serious inquiries are encouraged to explore the various options available for this prime retail opportunity. The property is situated at latitude 42.95710521559431 and longitude -87.9511540864163.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 130,723 SF
Lot 12.94 ac (563,666 SF)
APN 622-9988-016
UPID US92-0484764

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Cafe & Coffee Shop
  • Department Store
  • Pharmacy
  • Courier Service Postal Service

Location

4777 S 27Th St Greenfield, WI 53221
Greenfield metro Census 120502 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.02M
Comparable Approach Comparable
$14.33M
Blend (final) Blend
$20.69M

Owner & transaction history

since 2023
Last sale
$22.3M
2 recorded transactions
2023
$22.3M
2020
$4.0M

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $24.2M +10.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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