Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9239 Kelly Pl Hales Corners, WI 53130

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.448-acre B-4 zoned lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    419
    This exceptional 0.448-acre parcel, located at 9239 W Kelly Place in Hales Corners, Wisconsin (zip code 53130), presents a remarkable redevelopment opportunity. Situated in Milwaukee County, this property boasts a B-4 zoning designation, permitting office and professional uses. The lot's APN is 6539968001. This prime location offers significant potential for investors seeking a high-growth market. The land is currently available for sale as part of a three-parcel package, with a total asking price of $300,000 for all three parcels. Detailed financial information regarding existing income potential is available upon execution of a non-disclosure agreement. This is an ideal site for developers looking to capitalize on the area's growth trajectory. The property's latitude and longitude coordinates are 42.948141 and -88.029455, respectively. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property is being sold as a package with two other parcels.

    Property Features for 9239 Kelly Pl

    General Information

    Property type
    Land
    Lot Size
    19,515 SF

    We can help!

    Listing Contact
    Jim Larkin
    Jim Larkin

    Learn more

    Property Insight Report

    HighLights

    • Three vacant land parcels totaling 300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hales Corners
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.029455
    Latitude
    42.948141

    Nearby Comparable

    • Contact for pricing
      0.24 Acres

      Hales Corners Development Land

      Prime 0.241-acre office site in WI.
      9301 Kelly Pl, Hales Corners, WI 53130
      View Details
    • $500,000

      Corner Lot Redevelopment Opportunity

      Redevelopment opportunity on a lighted corner lot with high visibility.
      9775 W Forest Home Ave, Hales Corners, WI 53130
      View Details
    • $525,000
      3,600 SF

      Greenfield Office Building - Great Investment

      Prime Greenfield location, 3600 sq ft office space.
      8505 Forest Home Ave, Greenfield, WI 53228
      View Details
    • Contact for pricing
      20,048 SF

      Hales Corners Office Building For Sale

      20,048 SF Office, Multi-Tenant, NNN Lease
      5250 108Th St, Hales Corners, WI 53130
      View Details
    • $1,500,000
      5,000 SF

      Greenfield Medical/Wellness Office For Sale

      Excellent visibility, ideal for medical or wellness use.
      8081 W Layton Ave, Greenfield, WI 53220
      View Details
    • $84,900

      Land Overlooking Whitnall Park

      Land with high visibility and development opportunity.
      10711 W Forest Home Ave, Hales Corners, WI 53130
      View Details
    • $84,900
      0.46 Acres

      Hales Corners Commercial Land - $84,900

      Prime Development Site, High Visibility, Excellent Location.
      10711 Forest Home Ave, Hales Corners, WI 53130
      View Details
    • $169,800
      1.00 Acre

      Hales Corners Commercial Land Parcel

      Prime 1-acre commercial lot, high visibility.
      10711 Forest Home Ave, Hales Corners, WI 53130
      View Details
    • $1,400,000
      5,140 SF

      Milwaukee Auto Shop - Layton Ave

      Prime Greenfield location, 5,140 SF auto shop.
      7500 Layton Ave, Greenfield, WI 53220
      View Details
    • $1,200,000

      Land with Intersection Improvement Funds

      6.75 acres with transferable funds for traffic signal installation.
      4475 S 108Th St, Greenfield, WI 53225
      View Details
    • Contact for pricing

      Retail/Warehouse Space on S 108th

      Open building for sales and storage on S 108th Street.
      4150 South 108Th St, Greenfield, WI 53228
      View Details

    Nearby Similar for Sale

    • $1,350,000
      3,446 SF

      Hales Corners Gas Station For Sale

      Successful BP gas station and convenience store in Hales Corners.
      11931 W Janesville Rd, Hales Corners, WI 53130
      View Details
    • Contact for pricing
      20,048 SF

      Hales Corners Office Building For Sale

      20,048 SF Office, Multi-Tenant, NNN Lease
      5250 108Th St, Hales Corners, WI 53130
      View Details
    • $2,200,000
      2,851 SF

      Franklin Retail Center - Highway 100

      High-traffic retail property, 2,851 sq ft.
      10001 Church St, Franklin, WI 53132
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.448-acre B-4 zoned lot
    Where is this land located?
    The property is located at 9239 Kelly Pl Hales Corners, WI.
    What are key features of this property?
    This property features: Three vacant land parcels totaling 300,000.; ;
    (414) 276-9500
    Request Owner's contact information
    9239 Kelly Pl Hales Corners, WI 53130
    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.
    9239 Kelly Pl
    Hales Corners, WI 53130
    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
    9239 Kelly Pl Hales Corners, WI 53130
    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

    We can help!
    Listing Contact
    Jim Larkin
    Jim Larkin
    Real Estate License ID: 70026291
    (414) 276-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.