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    Property profile & analytics

    10201 Exploration Ct Sturtevant, WI 53177

    • Commercial real estate
    • 7.50 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1344056
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10201 Exploration Ct

    Lot size
    7.50 lot acres
    Property type
    Commercial real estate
    APN
    181-03-22-16-428-041

    Description

    This exceptional 7.5-acre parcel presents a unique commercial development opportunity in Sturtevant, Wisconsin. Located within the desirable Renaissance Business Park, this property boasts a prime location offering excellent accessibility and visibility. The existing permitted zoning is Commercial, providing immediate development potential for a wide range of commercial ventures. The property's address is 10201 E Exploration Ct, Sturtevant, WI 53177, and its convenient location near the Amtrak Hiawatha Station ensures easy access for commuters and employees. The lot size is substantial, allowing for ample space for building construction and potential future expansion. The property's APN is 181-03-22-16-428-041. This is a rare opportunity to acquire a sizable commercial lot in a thriving business park. The Village of Sturtevant is open to considering rezoning requests to Industrial/Business Park classifications, further enhancing the flexibility and potential uses for this property. This makes it an ideal location for businesses seeking a strategic and well-connected base of operations. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturtevant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.909542
    Latitude
    42.7173299

    Comparable in this City

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    • $1,650,000
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      Sturtevant Commercial Land - 6.97 Acres

      Prime Commercial Land, I-94 Access
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    • $2,471,400
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      Mt. Pleasant Commercial Land - 27 Acres

      Prime I-94 location, high visibility, development ready.
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    • $130,000

      Land with Highway Exposure

      Commercial land with flexible zoning and development potential.
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      57.00 Acres

      Sturtevant Industrial Land - 57 Acres

      Prime 57-acre industrial development site. High-growth location.
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      View Details

    Similar Nearby for Sale

    • $850,000
      4.50 Acres

      Prime Sturtevant Commercial Land

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      10001 Washington Ave, Sturtevant, WI 53177
      View Details
    • $722,878
      3.32 Acres

      Grandview Business Park Land

      3.3 Acres, Prime Industrial Land, Sturtevant, WI
      1501 Grandview Pkwy, Sturtevant, WI 53177
      View Details
    • $1,650,000
      6.97 Acres

      Sturtevant Commercial Land - 6.97 Acres

      Prime Commercial Land, I-94 Access
      1102 Sylvania Ave, Sturtevant, WI 53177
      View Details
    • $2,471,400
      27.46 Acres

      Mt. Pleasant Commercial Land - 27 Acres

      Prime I-94 location, high visibility, development ready.
      I-94 & Hwy 20, Sturtevant, WI 53177
      View Details
    • $130,000

      Land with Highway Exposure

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      9725 Durand Ave, Sturtevant, WI 53177
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    • Contact for pricing
      1.59 Acres

      Sturtevant Commercial Land Outlots

      Prime Commercial Land, Hwy 20, Wisconsin.
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    Similar Nearby for Lease

    • Contact for pricing

      Sturtevant Warehouse - 44 Acres

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    • $7 SF/Yr
      24,556 SF

      Durand Avenue Commercial Space

      Mount Pleasant, WI: Flexible Industrial Space Available
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      125,000 SF

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      194,147 SF

      Grandview Warehouse Space Available

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      438,309 SF

      Enterprise Business Park: Building IV

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      16,144 SF

      Sturtevant Retail Space For Lease

      High-traffic Wal-Mart Outlot, Flexible Spaces
      7115 Durand Ave, Sturtevant, WI 53177
      View Details
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    Sturtevant, WI 53177
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    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
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