Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    165 Neq Of I-94 & Hwy Pleasant Prairie, WI 53158
    Back to Search
    Property profile & analytics

    165 Neq Of I-94 & Hwy Pleasant Prairie, WI 53158

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

    Current Use by Public Records

    • Land

    Property Details for 165 Neq Of I-94 & Hwy

    Lot size
    12.27 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in the thriving Pleasant Prairie, Wisconsin market. Located at the NEQ of I-94 & Hwy 165, this property encompasses 12.27 acres (divisible) and is zoned B-6, allowing for a wide range of commercial development possibilities. The site benefits from its strategic location near significant recent investments, including a new $242 million, 500,000 square foot Haribo plant creating 450 jobs, a $130 million, 200,000 square foot Aurora Health Care medical facility, and Uline's new 275,000 square foot corporate headquarters and 1.2 million square foot warehouse employing 2,400. Further bolstering the area's economic growth is FoxConn's commitment to a $10 billion factory in the region, projected to create up to 10,000 jobs. Pleasant Prairie's robust growth, evidenced by a 12.6% population increase since 2000, and its proximity to Milwaukee (30 minutes) and Chicago (1 hour), make this a highly desirable location for commercial development. Individual lots are available: 3.592 acres priced at $11 per square foot, and a 6.43-acre parcel (divisible) also priced at $11 per square foot. The entire 12.27-acre parcel is also available for purchase at $9 per square foot. This presents a compelling opportunity to capitalize on the region's exceptional economic momentum and burgeoning commercial landscape. The property is broker co-op.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Prairie
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.9519
    Latitude
    42.5291

    Comparable in this City

    • Value Estimation by Request
      3.86 Acres

      108Th St

      Land • 3.86 Acres
      0 108Th St, Pleasant Prairie, WI 53158
      View Details
    • Value Estimation by Request
      20.55 Acres

      120Th Ave

      Land • 20.55 Acres
      0 120Th Ave, Pleasant Prairie, WI 53158
      View Details
    • Value Estimation by Request
      7.45 Acres

      7821 120Th Ave

      Land • 7.45 Acres
      7821 120Th Ave, Pleasant Prairie, WI 53158
      View Details
    • Value Estimation by Request
      24.71 Acres

      50 104Th St

      Land • 24.71 Acres
      50 104Th St, Pleasant Prairie, WI 53158
      View Details
    • Value Estimation by Request
      29.00 Acres

      Pr Highlands Corporate Park

      Land • 29.00 Acres
      0 Pr Highlands Corporate Park, Pleasant Prairie, WI 53158
      View Details
    • Value Estimation by Request
      3.86 Acres

      108th 120Th Ave

      Land • 3.86 Acres
      108th 120Th Ave, Pleasant Prairie, WI 53158
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      I-94 Vacant Land Opportunity

      32-acre vacant land suitable for multifamily or manufacturing development.
      I-94 116Th St, Pleasant Prairie, WI 53158
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      11827 Wilmot Rd, Pleasant Prairie, WI 53158
      View Details
    • $223,900
      0.34 Acres

      Residential Homesite in Pleasant Prairie

      Generously sized homesite in Pleasant Prairie's new residential community.
      Lt90 49Th Ct, Pleasant Prairie, WI 53158
      View Details
    • $214,900
      0.37 Acres

      Residential Lot in Pleasant Prairie

      Generously sized lot in Pleasant Prairie's new residential community.
      Lt84 50Th Ct, Pleasant Prairie, WI 53158
      View Details
    • $215,900
      0.37 Acres

      Highland Estate Homesite Opportunity

      Generously sized homesite in Pleasant Prairie's new residential community.
      Lt103 Highland Pl, Pleasant Prairie, WI 53158
      View Details
    • $215,900
      0.37 Acres

      Residential Lot in Highland Estate

      Generously sized homesite in Pleasant Prairie's new residential community.
      Lt104 Highland Pl, Pleasant Prairie, WI 53158
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hwy 50 Development Site

      High-profile commercial land for rent in Pleasant Prairie, WI.
      7529 88Th Ave, Pleasant Prairie, WI 53158
      View Details
    • Contact for pricing

      Highway 50 Multi-Use Development

      88-acre development with retail, medical, and senior living.
      104Th Ave, Kenosha, WI 53158
      View Details
    • Contact for pricing

      Land Near Highway 165

      Land available near major employers and transportation routes.
      Neq Of I-94 & Hwy 165, Pleasant Prairie, WI 53158
      View Details
    • Contact for pricing
      31,823 SF

      Pleasant Prairie Warehouse Space Available

      31,823 SF warehouse space for lease in Pleasant Prairie.
      8400 Lakeview Pkwy, Pleasant Prairie, WI 53158
      View Details
    • Contact for pricing

      Lakeview Corporate Park Warehouse Space

      82,242 SF industrial/warehouse space in Lakeview Corporate Park.
      10790 Green Bay Rd, Pleasant Prairie, WI 53158
      View Details
    • Contact for pricing
      220,000 SF

      Renovated Warehouse and Office Space

      220,000 SF industrial property with updated features near I-94.
      9201 Wilmot Rd, Pleasant Prairie, WI 53158
      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.
    165 Neq Of I-94 & Hwy
    Pleasant Prairie, WI 53158
    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

    Thank You for Inquiry
    165 Neq Of I-94 & Hwy, Pleasant Prairie, WI, 53158
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!