Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124Th St Milwaukee, WI 53051
    Back to Search
    Property profile & analytics

    124Th St, Milwaukee, WI 53051

    View on Map
    • Land
    • 4.74 lot acres
    For Sale
    $592,500
    View Listing →
    Westbrook Corporate Center Land For Sale
    $592,500

    Westbrook Corporate Center Land

    4.74 Acres, Milwaukee, WI - $592,500

    0 124Th St, Milwaukee, WI 53051
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 124Th St

    Lot size
    4.74 lot acres
    Property type
    Land

    Description

    This exceptional 4.74-acre land parcel, situated at the intersection of Brown Deer Road and 124th Street in Milwaukee, Wisconsin (zip code 53051), presents a prime opportunity for development. Located in Milwaukee County, this property is governed by protective covenants ensuring high-quality design and consistent common area maintenance. Its versatile zoning makes it ideal for a variety of uses, including corporate offices, manufacturing and distribution facilities, research and development, or light industrial projects. The site benefits from a community-supported development model, offering build-to-suit options for sale or lease. This strategic location provides convenient access to a wealth of amenities, including nearby shopping centers, restaurants, daycare facilities, and healthcare services. The area boasts a strong business presence, with established companies such as Actuant, Briggs & Stratton, and Woodman's Food Market already in the vicinity. This property offers a unique blend of location, flexibility, and community support, making it an attractive investment for discerning developers and businesses seeking a prime location in the Milwaukee area. The asking price for this exceptional land parcel is $592,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0636
    Latitude
    43.1769

    Comparable in this City

    • Value Estimation by Request
      21.87 Acres

      W134N8875 Wi-145

      Land
      W134N8875 Wi-145, Menomonee Falls, WI 53051
      View Details
    • Value Estimation by Request
      1.70 Acres

      124Th St

      Land
      0 124Th St, Menomonee Falls, WI 53051
      View Details
    • Value Estimation by Request
      0.46 Acres

      N95W16855 Falls Pkwy

      Restaurants
      N95W16855 Falls Pkwy, Menomonee Falls, WI 53051
      View Details
    • Value Estimation by Request
      4.00 Acres

      W180N9393 Premier Ln

      Land
      W180N9393 Premier Ln, Menomonee Falls, WI 53051
      View Details
    • Value Estimation by Request
      4.99 Acres

      W140N5683 Lilly Rd

      Land
      W140N5683 Lilly Rd, Menomonee Falls, WI 53051
      View Details
    • Value Estimation by Request
      19.34 Acres

      N50W21583 Lisbon Rd

      Farms
      N50W21583 Lisbon Rd, Menomonee Falls, WI 53051
      View Details

    Similar Nearby for Sale

    • $441,250
      3.53 Acres

      Westbrook Corporate Center Lot 13

      3.53-Acre Commercial Land Parcel in Milwaukee
      0 124Th St, Milwaukee, WI 53051
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      W180N9393 Premier Ln, Menomonee Falls, WI 53051
      View Details
    • $592,500
      4.74 Acres

      Westbrook Corporate Center Land

      4.74 Acres, Milwaukee, WI - $592,500
      0 124Th St, Milwaukee, WI 53051
      View Details
    • Contact for pricing

      High Traffic Corridor Land Opportunity

      Neighborhood center land available for lease, sale, or build-to-suit.
      Lilly Rd & Silver Spg Dr, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Land and Office Property Available

      Land and office property for sale.
      Swc Executive Pkwy. & Main St, Menomonee Falls, WI 53051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Outlot Opportunity

      Outlot available for sale, ground lease, or build-to-suit.
      N95W16855 Falls Pkwy, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Shopping center in Menomonee Falls, Wisconsin.
      N81W15070 Appleton Ave, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, featuring 4,177 square feet.
      N72 Good Hope Rd, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing
      40,050 SF

      Menomonee Falls Warehouse Space Available

      Warehouse space featuring bonus area and convenient dock doors.
      9251 Fountain Blvd, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing
      4,084 SF

      Retail Space in Menomonee Falls

      Retail space available for lease in Menomonee Falls, WI.
      15560 Silver Spring Dr, Menomonee Falls, WI 53051
      View Details
    • Contact for pricing

      Office Building For Lease

      Office building available for lease in Menomonee Falls, WI.
      N80W14800 Appleton Ave, Menomonee Falls, WI 53051
      View Details
    View Listing
    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.
    124Th St
    Milwaukee, WI 53051
    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

    Thank You for Inquiry
    124Th St, Milwaukee, WI, 53051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!