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    I-43 & Moorland Rd New Berlin, WI 53151

    For Sale
    $3,175,000

    High-traffic location, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.83-acre land parcel presents a remarkable investment opportunity in the thriving New Berlin, Wisconsin market. Strategically located at the busy intersection of I-43 and Moorland Road, this property is part of the new Westridge development, a dynamic mixed-use project encompassing two business parks, a Target-anchored shopping center, and multifamily residential developments. The site boasts exceptional visibility and accessibility, benefiting from high daily traffic counts of 60,500 vehicles on I-43 and 20,100 vehicles on Moorland Road. The property is divided into two lots: Lot 1, measuring 1.33 acres, is priced at $1,275,000

    Property Features for 0 I-43 & Moorland Rd

    General Information

    Property type
    Land
    Lot Size
    253,955 SF

    HighLights

    • Outlot in the new Westridge development.
    • Westridge includes two business parks, a Target‑anchored shopping center, and multifamily residential.
    • Strong retail synergy with Costco, La Quinta, Target, and other national brands.
    • Adjacent to Fire Pizza.
    • Two parcels available: 1.33 acres and 3.44 acres (2.43 acres buildable).
    • High traffic counts: 60,500 CPD on I‑43 and 20,100 CPD on Moorland Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Berlin
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1100645
    Latitude
    42.9519383

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    FAQs

    What type of property is this?
    Land - High-traffic location, development ready.
    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: Outlot in the new Westridge development.; Westridge includes two business parks, a Target-anchored shopping center, and multifamily residential.; Strong retail synergy with Costco, La Quinta, Target, and other national brands.
    Request Owner's contact information
    I-43 & Moorland Rd 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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