Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    59 & Riv Vly Rd Waukesha, WI 53189

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    59 & Riv Vly Rd Waukesha, WI 53189

    View on Map
    • Land
    • 0.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 59 & Riv Vly Rd

    Lot size
    0.58 lot acres
    Property type
    Land

    Description

    This exceptional 0.578-acre parcel is strategically located at the intersection of Highway 59 and River Valley Road in Waukesha, Wisconsin, zip code 53189. The property is zoned B1 and C1, offering a wide range of development possibilities. Its prime location benefits from the recently completed beltline extension to the west side of Waukesha, ensuring excellent accessibility and visibility. The high-income population in the surrounding area presents a strong market for various commercial ventures. This presents a unique opportunity for investors and developers seeking to capitalize on the continued growth and prosperity of this thriving Waukesha community. The land's size and zoning make it suitable for a variety of commercial uses, providing flexibility for future development plans. Detailed zoning information is readily available upon request. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in a rapidly expanding area of Waukesha County. The asking price for this property is $500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3063
    Latitude
    42.9722

    Comparable in this City

    • Value Estimation by Request
      8.77 Acres

      Waukesha Corporate Ctr

      Land • 8.77 Acres
      0 Waukesha Corporate Ctr, Waukesha, WI 53189
      View Details
    • Value Estimation by Request
      1.43 Acres

      Lt2 Lawnsdale Rd

      Land • 1.43 Acres
      Lt2 Lawnsdale Rd, Waukesha, WI 53189
      View Details
    • Value Estimation by Request
      6.67 Acres

      2000 West Ave

      Land • 6.67 Acres
      2000 West Ave, Waukesha, WI 53189
      View Details
    • Value Estimation by Request
      6.67 Acres

      2000 West Ave

      Land • 6.67 Acres
      2000 West Ave, Waukesha, WI 53189
      View Details
    • Value Estimation by Request
      4.87 Acres

      Saylesville Rd & Riv Rd

      Land • 4.87 Acres
      0 Saylesville Rd & Riv Rd, Waukesha, WI 53189
      View Details
    • Value Estimation by Request
      0.14 Acres

      239th Big Bnd Rd, Unit 12

      COMMERCIAL (GENERAL) • 0.14 Acres
      239th Big Bnd Rd, Waukesha, WI 53189-7903
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      0.578 acre land parcel available for sale.
      59 & Riv Vly Rd, Waukesha, WI 53189
      View Details
    • $319,000
      1.43 Acres

      Waukesha Commercial Development Opportunity

      High-visibility corner lot near I-43 with B2 zoning.
      Lt2 Lawnsdale Rd, Waukesha, WI 53189
      View Details
    • $215,000
      1.21 Acres

      Residential Lot in Waukesha County

      Over an acre lot ready for a custom dream home.
      1 Cardinal Ct, Waukesha, WI 53189
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Almost 5 acres of commercially zoned land for development.
      Saylesville Rd & Riv Rd, Waukesha, WI 53189
      View Details
    • $225,000
      1.38 Acres

      Residential Land in Waukesha County

      A 1.38-acre residential lot ready for a custom home.
      Lt6 Cardinal Ct, Waukesha, WI 53189
      View Details
    • $574,900
      3.80 Acres

      Waukesha Industrial Park Land Opportunity

      Prime corner lot in established Waukesha business park.
      Lt1 Corporate Dr, Waukesha, WI 53189
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space on Hwy 164

      Office space with excellent visibility and ample parking.
      1507 E Sunset Dr, Waukesha, WI 53189
      View Details
    • Contact for pricing
      2,400 SF

      Waukesha Flex Industrial Space

      Flex industrial space available with planned interior and exterior improvements.
      304 Travis Ln, Waukesha, WI 53189
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Waukesha, Wisconsin.
      Hwy 59 & Saylesville Rd, Waukesha, WI 53189
      View Details
    • Contact for pricing
      2,320 SF

      Waukesha Flex Industrial Space

      Flex industrial space available in Waukesha, Wisconsin.
      206 Travis Ln, Waukesha, WI 53189
      View Details
    • Contact for pricing
      2,500 SF

      Waukesha Storefront/Office and Storage Space

      Storefront/Office and Storage space available with visibility and signage.
      910 W Sunset Dr, Waukesha, WI 53189
      View Details
    • Contact for pricing
      1,780 SF

      Waukesha Flex Industrial Space

      Flex industrial space available in Waukesha, Wisconsin.
      402 Travis Ln, Waukesha, WI 53189
      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.
    59 & Riv Vly Rd
    Waukesha, WI 53189
    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.
    Sign Up Successful!
    You now have access to more from Realmo!