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    Property profile & analytics

    Highways 18 & 83 Wales, WI 53183

    • Retail properties
    • 1,200 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Highways 18 & 83

    Property size
    1,200 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    Tenby Harbor at Town Bank Center presents a unique development opportunity in the thriving Wales, Wisconsin market. Located at the intersection of Highways 18 & 83 in Waukesha County (zip code 53183), this property offers exceptional visibility and accessibility. The site boasts flexible lot sizes ranging from 27,269 to 65,645 square feet, accommodating buildings from 1,200 to 10,000 square feet. The property is currently vacant and available for sale, ground lease, or build-to-suit (BTS) lease arrangements, providing ultimate flexibility for developers. The local business district zoning allows for a wide variety of uses, including retail, restaurants, professional offices, and medical offices. This high-traffic location sees approximately 34,000 vehicles per day (VPD), benefiting from proximity to established businesses such as Walgreens, Kroger's Pick 'n Save, and Kwik Trip. The affluent surrounding area boasts average household incomes exceeding $135,000 within a three-mile radius. Lot 5 is specifically approved for drive-thru development, adding further potential for various businesses. This is an exceptional opportunity to capitalize on a prime location in a rapidly growing market. Contact us today to learn more about this exciting development prospect.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wales
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3704
    Latitude
    43.0163

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      308 Cymric Ct

      Individual retail properties • 8,400 SF
      308 Cymric Ct, Wales, WI 53183
      View Details
    • Value Estimation by Request
      0.27 Acres

      Wales, WI 53183

      COMMERCIAL (GENERAL) • 0.27 Acres
      Wales, WI 53183
      View Details
    • Value Estimation by Request
      183.31 Acres

      1 Legend Way

      COMMERCIAL (GENERAL) • 183.31 Acres
      1 Legend Way, Wales, WI 53183-9538
      View Details
    • Value Estimation by Request
      0.94 Acres

      242 Smt Ave

      COMMERCIAL (GENERAL) • 0.94 Acres
      242 Smt Ave, Wales, WI 53183-9426
      View Details
    • Value Estimation
      $310,000
      2.02 Acres

      308 Oak Crst Dr

      COMMERCIAL (GENERAL) • 2.02 Acres
      308 Oak Crst Dr, Wales, WI 53183-9421
      View Details
    • Value Estimation by Request
      1.56 Acres

      450 Wales Rd

      COMMERCIAL (GENERAL) • 1.56 Acres
      450 Wales Rd, Wales, WI 53183-9440
      View Details

    Similar Nearby for Sale

    • $249,900
      1.00 Acre

      Wooded Lot in Whistling Pines

      One-acre wooded corner lot ready for your dream home.
      902 Meyers Ct, Wales, WI 53183
      View Details
    • $639,900

      Updated Duplex on Large Lot

      Updated duplex on 1.7 acres near amenities and restaurants.
      108-110 E Oak Crst Ln, Wales, WI 53183
      View Details
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    Highways 18 & 83
    Wales, WI 53183
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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
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