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    19100 Cleveland Ave New Berlin, WI 53146

    Sponsored
    For Sale
    $4,500,000

    71-Acre Golf Course Redevelopment Opportunity

    Property size:
    11,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 71.73-acre property, located at 19100-19300 W Cleveland Ave, New Berlin, WI 53146, presents a unique redevelopment opportunity. The existing structures encompass approximately 11,927 square feet and include a banquet hall (approximately 5,185 sq ft), pro shop (approximately 2,842 sq ft), and two garages (approximately 2,400 sq ft and 1,500 sq ft respectively). The property currently operates as a golf course with a 25% occupancy rate and boasts ample parking for 100 vehicles. The asking price is $4,500,000, translating to approximately $377.30 per square foot. The property is zoned P1 and features a modified lease type with multi-tenancy. The Waukesha County location offers significant potential for various uses. Seller financing is available. The property's APN is NBC 1184997004. The banquet hall has a capacity of 250 people. Annual property taxes are $16,348.76. This prime location offers investors a chance to capitalize on a substantial land parcel with existing infrastructure. Don't miss this chance to acquire a significant piece of New Berlin real estate.

    Property Features for 19100 Cleveland Ave

    General Information

    Property type
    Golf courses & driving ranges
    Square Feet
    11,927 SF
    Lot Size
    3,124,559 SF

    HighLights

    • Excellent Redevelopment Opportunity in New Berlin.
    • Spacious Banquet Hall, accommodating 250 guests.
    • Seller financing options available.
    • 11,927 SF building.
    • 5,185 SF Banquet Hall.
    • 2,842 SF Pro Shop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Law Firm Building Supply Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Department Store Kitchen & Bath Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Berlin
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1540094
    Latitude
    42.9909705

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    FAQs

    What type of property is this?
    Golf course & driving range - 71-Acre Golf Course Redevelopment Opportunity
    Where is this golf course & driving range located?
    The property is located at 19100 Cleveland Ave New Berlin, WI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Excellent Redevelopment Opportunity in New Berlin.; Spacious Banquet Hall, accommodating 250 guests.; Seller financing options available.
    Request Owner's contact information
    19100 Cleveland Ave New Berlin, WI 53146
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    New Berlin, WI 53146
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    Realmo Value Estimation

    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.

    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.

    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
    19100 Cleveland Ave New Berlin, WI 53146
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