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    I-43 Moorland Rd New Berlin, WI 53151

    For Sale
    $3,175,000

    Prime 5.83-acre commercial lot in New Berlin, WI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.83-acre commercial land parcel presents a remarkable investment opportunity at the high-traffic intersection of I-43 and S Moorland Road in New Berlin, Wisconsin. Located in Waukesha County, zip code 53151, this property benefits from its strategic position within the thriving Westridge development. The Westridge development boasts a diverse mix of established businesses and residential areas, creating a vibrant and dynamic environment. Nearby retail anchors include a Target, a recently completed Costco, and a variety of popular restaurants and retailers such as La Quinta, Office Max, Michaels, Texas Roadhouse, Point Burger Bar, and Stone Fire Pizza. This prime location ensures high visibility and accessibility, making it ideal for a wide range of commercial ventures. The asking price for this exceptional property is $3,175,000. The property is classified as commercial land and offers significant potential for development given its size and location within a successful and expanding commercial area. Its proximity to major transportation arteries ensures convenient access for employees, customers, and suppliers. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location with strong existing infrastructure and a proven track record of success. Don't miss out on this chance to capitalize on the growth and potential of the Westridge development.

    Property Features for I-43 Moorland Rd

    General Information

    Property type
    Land
    Lot Size
    253,955 SF

    HighLights

    • Westridge offers a diverse mix of commercial properties including two business parks, a Target‑anchored shopping center, and a new Costco.
    • Strong retail co‑tenancy includes Costco, Target, Office Max, Michaels, Texas Roadhouse, Point Burger Bar, and Stone Fire Pizza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Berlin
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1076962
    Latitude
    42.9546457

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    FAQs

    What type of property is this?
    Land - Prime 5.83-acre commercial lot in New Berlin, WI
    Where is this land located?
    The property is located at I-43 Moorland Rd New Berlin, WI.
    What is the asking price?
    The asking price for this property is $3,175,000.
    What are key features of this property?
    This property features: Westridge offers a diverse mix of commercial properties including two business parks, a Target-anchored shopping center, and a new Costco.; Strong retail co-tenancy includes Costco, Target, Office Max, Michaels, Texas Roadhouse, Point Burger Bar, and Stone Fire Pizza.;
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    I-43 Moorland Rd New Berlin, WI 53151
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    New Berlin, WI 53151
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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
    I-43 Moorland Rd New Berlin, WI 53151
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