Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    120 O'connor Dr Elkhorn, WI 53121

    • Commercial real estate
    • 7,490 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 120 O'connor Dr

    Year built
    2023
    Lot size
    2.16 lot acres
    Property size
    7,490 SF
    Property type
    Commercial real estate

    Description

    This exceptional 7,490 square foot commercial building presents a unique opportunity for businesses seeking high visibility and ample space. Strategically located off Highways 43 and 67, boasting 34,100 cars per day, this property ensures maximum exposure for your enterprise. The building is offered "as is," providing a blank canvas for your custom build-out, or you can utilize existing architectural plans designed for a restaurant. The expansive 2.16-acre lot has already undergone rough grading, simplifying development. Essential utilities, including sewer and water, are conveniently located at the street. This prime location benefits from proximity to key businesses such as Loves Truck Stop, Kunes Automotive Group, and the Elkhorn Industrial Park, guaranteeing a steady stream of potential customers. The property's versatility makes it suitable for a wide range of commercial uses, offering a compelling investment in a thriving area. This is a rare chance to establish your business in a highly desirable and accessible location. The asking price is $849,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    WALWORTH
    State
    Wisconsin
    Longitude
    -88.5433
    Latitude
    42.6507

    Comparable in this City

    • Value Estimation by Request
      14.50 Acres

      100 Commerce Dr

      COMMERCIAL (GENERAL) • 14.50 Acres
      100 Commerce Dr, Elkhorn, WI 53121-4293
      View Details
    • Value Estimation by Request
      3.14 Acres

      1510 Country Clb Pkwy

      COMMERCIAL (GENERAL) • 3.14 Acres
      1510 Country Clb Pkwy, Elkhorn, WI 53121-3999
      View Details
    • Value Estimation by Request
      1.62 Acres

      1546 Country Clb Pkwy

      COMMERCIAL (GENERAL) • 1.62 Acres
      1546 Country Clb Pkwy, Elkhorn, WI 53121
      View Details
    • Value Estimation by Request
      0.14 Acres

      14 Geneva St

      COMMERCIAL (GENERAL) • 0.14 Acres
      14 Geneva St, Elkhorn, WI 53121-1723
      View Details
    • Value Estimation by Request

      781 Geneva St

      COMMERCIAL (GENERAL)
      781 Geneva St, Elkhorn, WI 53121-2303
      View Details
    • Value Estimation by Request
      5.61 Acres

      131 Market St

      COMMERCIAL (GENERAL) • 5.61 Acres
      131 Market St, Elkhorn, WI 53121-4512
      View Details

    Similar Nearby for Sale

    • $400,000
      8.02 Acres

      Elkhorn, WI: 8-Acre Industrial Lot

      Vacant 8-acre lot, M-1 zoning. Ideal for business expansion.
      0 County Road A, Elkhorn, WI 53121
      View Details
    • $395,000
      3.90 Acres

      Elkhorn Commercial Land - 3.9 Acres

      Prime Elkhorn commercial lot, excellent visibility.
      0 Centralia St, Elkhorn, WI 53121
      View Details
    • $349,000
      1.45 Acres

      Elkhorn Commercial Land - $349K

      Prime Elkhorn location, high traffic, B-6 zoning.
      0 Evergreen Pkwy, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      6.00 Acres

      Prime Elkhorn Retail & Land

      High-traffic location, flexible options.
      I-43 Hwy 67, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      6.53 Acres

      Elkhorn Commercial Lots - Pad Ready

      Prime Retail Land, High Visibility, Hwy Access
      0 Elkhorn Dr, Elkhorn, WI 53121
      View Details
    • $299,000
      1,800 SF

      Elkhorn Commercial Building Opportunity

      Versatile building, prime location, high potential.
      203 Walworth St, Elkhorn, WI 53121
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      6,290 SF

      Elkhorn Retail Space - Prime Location

      New 6,290 SF retail space; flexible layouts.
      825-833 Wisconsin St, Elkhorn, WI 53121
      View Details
    • $20 SF/Yr
      4,206 SF

      New Retail Space in Elkhorn

      First generation retail space in a new neighborhood strip center.
      825 North Wisconsin St, Elkhorn, WI 53121
      View Details
    • $19 SF/Yr
      4,206 SF

      New Retail Space in Elkhorn

      New retail space available in Elkhorn's main trade area.
      825-833 N Wisconsin St, Elkhorn, WI 53121
      View Details
    Request Owner's contact information
    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.
    120 O'connor Dr
    Elkhorn, WI 53121
    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
    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

    Google sign-in failed. Please try again or use another login method.