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Property profile & analytics

12800 National Ave New Berlin, WI 53151-4062

  • Commercial real estate
  • 1,600 SF
  • 0.84 lot acres
OFF-MARKET
Last Sale
Nov 27, 2024
$500,000
Value Estimations
$315,000
Show details
Cap Rate Potential
6.3%
Commercial real estate
Location Intelligence
Property ID
US92-0967523
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 12800 National Ave

Year built
1986
Lot size
0.84 lot acres
Property size
1,600 SF
Zone code
O1
Property type
Commercial real estate
APN
NBC 1200909001
APU
NBC1200909001

Description

This exceptional 1,800 square foot mixed-use property, located at 12800 W. National Ave in New Berlin, Wisconsin, presents a unique investment opportunity. Priced at $479,000, this single-story building sits on a 0.84-acre lot and offers ample parking with 22 spaces. The property is zoned O1, allowing for a variety of uses. Previously a bank, the interior is nicely finished and suitable for immediate occupancy as executive office, medical office, or traditional office space. Alternatively, the space could be renovated to its original configuration. The building boasts excellent condition due to high maintenance standards. Its strategic location on W. National Ave ensures high visibility and traffic, with an estimated 16,500+ cars passing daily, providing significant potential for business growth. This property is an ideal choice for entrepreneurs, investors, or businesses seeking a well-maintained, versatile space in a prime location within Waukesha County, Wisconsin, zip code 53151.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Estimation
    $315,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $325,000
    6.5%
    $335,000
    7%
    $350,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $370,000
    Geo Method
    $365,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $300,000
    Retail
    $350,000
    Mixed-Use
    $270,000
    Hospitality
    $285,000
    Educational
    $355,000
    Residential Income
    $290,000
    Energy
    $345,000
    Income-Based Land
    $300,000
    Food Service
    $285,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New Berlin
County
Waukesha
State
Wisconsin
Longitude
-88.0738
Latitude
42.9885
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,570
$190,000
$136,900
$326,900
-
$0.00
$0.00
$378,500
More about this property
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