Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    84th St And Layton Ave Greenfield, WI 53220
    Back to Search
    Property profile & analytics

    84th St And Layton Ave, Greenfield, WI 53220

    View on Map
    • Neighborhood centers
    • 350,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 84th St And Layton Ave

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at the highly visible intersection of 84th Street and Layton Avenue in Greenfield, Wisconsin, within the bustling Southridge Mall regional trade area. The property, part of the 84south mixed-use development, boasts a total of 350,000 square feet of retail and restaurant space, complemented by a 135,000-square-foot medical center and a 268-unit luxury apartment complex. This prime strip center offers multiple tenancy options, with spaces ranging from a minimum of 2,600 square feet to a maximum contiguous space of 30,000 square feet. Currently, 32,600 square feet of retail space is available. The expansive 48-acre site benefits from convenient access via curb cuts along 84th Street, Layton Avenue, and 92nd Street, with a main entrance controlled by a traffic signal off Layton Avenue. Enjoy nearly half a mile of unparalleled visibility from I-894, strategically positioned at the 84th Street interchange, ensuring high traffic volume and excellent exposure for your business. The property's location in Milwaukee County, Wisconsin, zip code 53220, offers a strong demographic profile and significant growth potential. This is an unparalleled opportunity to establish or expand your retail presence in a thriving and highly accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0181
    Latitude
    42.9591

    Comparable in this City

    • Value Estimation
      $4,005,000
      46,571 SF

      3855 60th St

      SHOPPING CENTER, STRIP CENTER
      3855 60th St, Milwaukee, WI 53220-1977
      View Details
    • Value Estimation by Request
      4,500 SF

      5120 Howard Ave

      SHOPPING CENTER, STRIP CENTER
      5120 Howard Ave, Milwaukee, WI 53220
      View Details
    • Value Estimation
      $3,550,000
      34,046 SF

      3951 76th St

      SHOPPING CENTER, STRIP CENTER
      3951 76th St, Milwaukee, WI 53220
      View Details
    • Value Estimation
      $805,000
      17,478 SF

      5121 Howard Ave

      SHOPPING CENTER, STRIP CENTER
      5121 Howard Ave, Milwaukee, WI 53220-2000
      View Details
    • Value Estimation
      $810,000
      25,438 SF

      5001 Howard Ave, Unit 5033

      SHOPPING CENTER, STRIP CENTER
      5001 Howard Ave, Milwaukee, WI 53220-2025
      View Details
    • Value Estimation by Request
      6,502 SF

      6724 Morgan Ave

      SHOPPING CENTER, STRIP CENTER
      6724 Morgan Ave, Milwaukee, WI 53220-1340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,140 SF

      Automotive Building Available

      Automotive building with 5,140 square feet available for sale.
      7500 W Layton Ave, Milwaukee, WI 53220
      View Details
    • Contact for pricing

      High Visibility Commercial Land

      Commercial land with high traffic and convenient location.
      5011 W Loomis Rd, Greenfield, WI 53220
      View Details
    • Contact for pricing
      675 SF

      Greenfield Office Space For Lease

      Office suites available with freeway access and ample parking.
      4402-4406 S 68Th St, Greenfield, WI 53220
      View Details
    • Contact for pricing

      Townhome-Style Duplex for Investors

      Two-unit townhome with three bedrooms, ideal for investors.
      7920 W Van Beck Ave, Milwaukee, WI 53220
      View Details
    • Contact for pricing

      Land Parcels Near Park Area

      Two land parcels totaling 2.5 acres near I-43.
      6160 W Waterford Ct, Milwaukee, WI 53220
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • Contact for pricing

      48-Acre Mixed-Use Development

      Mixed-use development with retail, restaurant, medical, and residential spaces.
      84th St And Layton Ave, Greenfield, WI 53220
      View Details
    • Contact for pricing

      Retail Space Under New Ownership

      Retail space for lease in high-traffic Milwaukee location.
      6015 W Forest Home Ave, Milwaukee, WI 53220
      View Details
    • Contact for pricing
      37,430 SF

      Retail Space Near Southridge Mall

      Highly visible retail space adjacent to Southridge Mall in Greenfield.
      4950 S 74Th St, Greenfield, WI 53220
      View Details
    • Contact for pricing
      9,500 SF

      Retail Space in Southridge Plaza

      Retail spaces available in high-traffic Southridge Plaza.
      76th St & Grange Ave, Greenfield, WI 53220
      View Details
    • Contact for pricing
      4,400 SF

      Former Automotive Service Building Available

      Automotive service building for rent at a highly trafficked intersection.
      8333 W Layton Ave, Greenfield, WI 53220
      View Details
    • $19 SF/Yr
      2,000 SF

      New Construction Retail Space Available

      New retail space with high visibility and monument signage.
      3928 South 76Th St, Milwaukee, WI 53220
      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.
    84th St And Layton Ave
    Greenfield, WI 53220
    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
    84th St And Layton Ave, Greenfield, WI, 53220
    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!