Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Franklin St Franklin, WI 53132
    Back to Search
    Property profile & analytics

    Franklin St, Franklin, WI 53132

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

    Current Use by Public Records

    • Land

    Property Details for 0 Franklin St

    Lot size
    2.36 lot acres
    Property type
    Land

    Description

    This exceptional opportunity presents three commercial development land parcels in Franklin, Wisconsin, within the desirable Franklin Business Park. The sites are zoned PDD #18, offering significant flexibility for various commercial projects. Utilities are readily available, including municipal sewer and water connections, simplifying the development process. Parcel sizes vary, providing options to suit diverse project needs. Lot 24 boasts 6.21 net acres (4.70 acres after adjustments), while Lot 27 offers 2.12 net acres (2.36 gross acres). Lot 28 comprises 2.67 net acres. All parcels are priced competitively at $109,900 per acre, representing a compelling investment in a thriving Wisconsin location. The property's strategic location in Milwaukee County, with easy access to major transportation routes, further enhances its appeal. This is an ideal opportunity for developers seeking prime land in a high-growth area. The parcels are situated in Franklin, WI, zip code 53132. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire valuable commercial land in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9821
    Latitude
    42.8603

    Comparable in this City

    • Value Estimation by Request
      2.13 Acres

      Forest Home Ave

      Land
      0 Forest Home Ave, Franklin, WI 53132
      View Details
    • Value Estimation by Request
      2.85 Acres

      3217 Ryan Rd

      Land
      3217 Ryan Rd, Franklin, WI 53132
      View Details
    • Value Estimation by Request
      0.70 Acres

      Franklin, WI 53132

      Land
      Franklin, WI 53132
      View Details
    • Value Estimation by Request
      5.00 Acres

      3548 County Line Rd

      Land
      3548 County Line Rd, Franklin, WI 53132
      View Details
    • Value Estimation by Request
      23.18 Acres

      Forest Home Ave

      Land
      0 Forest Home Ave, Hales Corners, WI 53132
      View Details
    • Value Estimation by Request
      1.97 Acres

      Forest Home Ave

      Land
      0 Forest Home Ave, Franklin, WI 53132
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      W Forest Home Ave, Franklin, WI 53132
      View Details
    • Contact for pricing

      Rawson Avenue Land Opportunity

      Land available on Rawson Avenue.
      3211 W Rawson Ave, Franklin, WI 53132
      View Details
    • Contact for pricing

      Land for Sale

      Approximately 2.85 acres of land available for purchase.
      3217 W Ryan Rd, Franklin, WI 53132
      View Details
    • Contact for pricing

      Land Parcel for Future Development

      Land parcel with high visibility and convenient access to amenities.
      7814 S 76Th St, Franklin, WI 53132
      View Details
    • Contact for pricing

      Development Opportunity on Ryan Road

      Land available for development on West Ryan Road.
      7521 W Ryan Rd, Franklin, WI 53132
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale.
      3548 S County Line Rd, Franklin, WI 53132
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Franklin Business Park Land Site

      Shovel-ready sites available in Class A business park.
      4 World Packaging Cir, Franklin, WI 53132
      View Details
    • Contact for pricing

      Prime Land Near Future Costco

      Highly trafficked land for lease near major retailers and I-94.
      S 27Th St, Franklin, WI 53132
      View Details
    • Contact for pricing
      103,856 SF

      Franklin Business Park Land Site

      Shovel-ready sites available for rent in Franklin Business Park.
      3 World Packaging Cir, Franklin, WI 53132
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease in Franklin, Wisconsin.
      6501 S 27Th St, Franklin, WI 53132
      View Details
    • Contact for pricing

      Retail Space in Franklin Centre

      Retail space for lease at South 76th Street and Rawson Avenue.
      7199-7255 S 76Th St, Franklin, WI 53132
      View Details
    • Contact for pricing
      696 SF

      Office Space in Franklin Park

      Office space for lease in Franklin Industrial Park.
      9779 S Franklin Dr, Franklin, WI 53132
      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.
    Franklin St
    Franklin, WI 53132
    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
    Franklin St, Franklin, WI, 53132
    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!