Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2821 Center Ave Janesville, WI 53546

    Property Lookup

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

    2821 Center Ave Janesville, WI 53546

    View on Map
    • Warehouses
    • 20,000 SF
    • 151.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2821 Center Ave

    Lot size
    151.50 lot acres
    Property size
    20,000 SF
    Property type
    Warehouses
    Property subtype
    Land

    Description

    The Janesville Commerce Center offers a unique opportunity to acquire prime industrial land in Janesville, Wisconsin. This exceptional property, located at 2821 Center Ave, 53546, encompasses a substantial 151.5 acres zoned M1 Light Industrial District. The site boasts excellent accessibility, situated at the northeast corner of the fully signaled intersection of Highways 11 and 51, and less than three miles west of the I-90/I-39 interchange, ensuring convenient access to major transportation routes. The land is fully entitled and located within a tax increment district, offering significant advantages for developers. Municipal water and sewer services are readily available. Flexible lot sizes are available, catering to diverse project needs. Specifically, 20-40 acres are available at $90,000 per acre, 41-80 acres at $75,000 per acre, and parcels of 81 acres or more are priced at $60,000 per acre. Building sizes can range from 20,000 to 100,000 square feet, making this an ideal location for build-to-suit projects or immediate development. This is a rare opportunity to secure a strategically located, fully entitled industrial land parcel in a thriving Wisconsin market. Contact us today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0287
    Latitude
    42.6386

    Comparable in this City

    • Value Estimation by Request
      286,420 SF

      Innovation Dr

      Distribution properties • 286,420 SF
      0 Innovation Dr, Janesville, WI 53546
      View Details
    • Value Estimation by Request
      2.19 Acres

      1090 Wright Rd

      Land • 2.19 Acres
      1090 Wright Rd, Janesville, WI 53546
      View Details
    • Value Estimation by Request
      2.95 Acres

      631 Midland Rd

      Land • 2.95 Acres
      631 Midland Rd, Janesville, WI 53546
      View Details
    • Value Estimation
      $980,000
      56,000 SF

      400 Freedom Ln

      MANUFACTURING (LIGHT) • 56,000 SF
      400 Freedom Ln, Janesville, WI 53546-3000
      View Details
    • Value Estimation by Request
      1.21 Acres

      4819 Case Dr

      MANUFACTURING (LIGHT) • 1.21 Acres
      4819 Case Dr, Janesville, WI 53546-9753
      View Details
    • Value Estimation by Request
      12.22 Acres

      4230 Capital Cir

      MANUFACTURING (LIGHT) • 12.22 Acres
      4230 Capital Cir, Janesville, WI 53546-8314
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,492 SF

      Redevelopment Opportunity Cold Storage Building

      12,492 sq. ft. building on 1.13-acre lot for sale.
      824 W Delavan Dr, Janesville, WI 53546
      View Details
    • $2,400,000
      30,000 SF

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building in Janesville, Wisconsin.
      401 E Conde St, Janesville, WI 53546
      View Details
    • $8,025,000
      315,926 SF

      Janesville Industrial Investment Opportunity

      NNN industrial property with long-term lease and strong tenant.
      1725 East Delavan Dr, Janesville, WI 53546
      View Details
    • $5,525,000
      75,177 SF

      Industrial Portfolio For Sale

      Portfolio of industrial properties occupied by a single tenant.
      2042 Beloit Ave, Janesville, WI 53546
      View Details
    • $1,275,000
      15,795 SF

      Industrial Property with Lease Income

      Industrial property featuring lease income, office space, and ample parking.
      2104 Beloit Ave, Janesville, WI 53546
      View Details
    • Contact for pricing
      60,329 SF

      Modern Industrial Space in Janesville

      Class A industrial building near I-90/39 and regional airport.
      4245 Capital Cir, Janesville, WI 53546
      View Details

    Similar Nearby for Lease

    • $208,500

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building for lease in Janesville.
      401 E Conde St, Janesville, WI 53546
      View Details
    • Contact for pricing

      Industrial Warehouse with Expansion Potential

      80,033 SF warehouse with outdoor storage and expansion opportunity.
      1855 S Jackson St, Janesville, WI 53546
      View Details
    • Contact for pricing
      237,838 SF

      Janesville Industrial Development Opportunity

      110-acre industrial park with 1.8M SF capacity.
      4011 S County Road G, Janesville, WI 53546
      View Details
    • $13 SF/Yr
      2,000 SF

      Retail/Office Space For Rent

      Retail or office space available in a busy commercial corridor.
      1905 Center Ave, Janesville, WI 53546
      View Details
    • $12,000 /Mo

      Lower Level Commercial Space Available

      1013 sq ft space suitable for retail, office, or services.
      1327 N Wright Rd, Janesville, WI 53546
      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.
    2821 Center Ave
    Janesville, WI 53546
    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!