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    W7003 Parkview Dr Greenville, WI 54942
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    W7003 Parkview Dr Greenville, WI 54942

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    • Commercial real estate
    • 2,808 SF
    • 2.09 lot acres
    For Sale
    $449,900
    View Listing →
    Greenville Commercial Package Deal For Sale
    $449,900
    2,808 SF

    Greenville Commercial Package Deal

    Two Units, Move-In Ready, High Visibility

    W7003 Parkview Dr, Greenville, WI 54942
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mosaic Salon & Tanning / Hair Salon / Nail Salon
    • Edward Jones - Financial Advisor: Bradley D Borgen, CFP® / Financial Advisor
    • Edward Jones - Financial Advisor: Scott Horman, AAMS™ / Financial Advisor

    Property Details for W7003 Parkview Dr

    Year built
    1998
    Lot size
    2.09 lot acres
    Property size
    2,808 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial package in Greenville, WI presents a unique investment opportunity. The offering encompasses two adjacent units totaling 2,808 square feet on a 2.09-acre lot. Unit #9, a fully built-out 1,350 square foot space, is immediately ready for occupancy. Its adaptable design is ideal for a variety of uses, including office space, medical practices (chiropractic, dental), massage therapy, or retail. Complete cabinetry is included, enhancing its functionality and value. Unit #10, a 1,458 square foot space, offers a partial build-out, currently configured as a bar. This unit boasts existing bar coolers, fixtures, a sound system, a stage, and additional fixtures, representing a significant cost savings for a prospective bar or entertainment venue. Both units are located at W7003 Parkview Drive. The sale includes Outagamie County tax IDs 111259604 and 111259605. This package deal presents a rare chance to acquire two versatile commercial spaces in a prime location, ready for immediate income generation or customized development. The combined square footage and existing infrastructure offer significant potential for a variety of business ventures. The expansive lot provides ample parking and potential for future expansion. This is a turnkey opportunity not to be missed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    OUTAGAMIE
    State
    Wisconsin
    Longitude
    -88.5414
    Latitude
    44.3042

    Comparable in this City

    • Value Estimation by Request

      W7003 Parkview Dr

      Land
      W7003 Parkview Dr, Greenville, WI 54942-9079
      View Details
    • Value Estimation by Request
      2.39 Acres

      Greenville, WI 54942

      COMMERCIAL (GENERAL) • 2.39 Acres
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      2.00 Acres

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      0.69 Acres

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      COMMERCIAL (GENERAL) • 0.69 Acres
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      0.29 Acres

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      COMMERCIAL (GENERAL) • 0.29 Acres
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      1.99 Acres

      Greenville, WI 54942

      COMMERCIAL (GENERAL) • 1.99 Acres
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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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