Property profile

5800 Bayshore Dr Glendale, WI 53217

OFF-MARKET
Lifestyle centers
998,316 SF 1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre outlot, located within the thriving Bayshore Shopping Center in Glendale, Wisconsin, presents a unique investment opportunity. The pad-ready parcel boasts utilities already stubbed to the site, eliminating costly upfront infrastructure development. No onsite detention is required, streamlining the permitting process. This strategically positioned property sits adjacent to a substantial 1400-stall parking structure, ensuring ample parking for customers and employees. While master-planned for a hotel, its versatility allows for a wide range of development possibilities, catering to various retail, commercial, or hospitality uses. The Bayshore Shopping Center itself is a highly successful retail destination, attracting over 17 million visitors annually and currently housing more than 50 retail tenants. The larger development encompasses 52 acres, featuring over 522,000 square feet of retail space and 250,000 square feet of office space. Its convenient location provides easy access to I-43, enhancing accessibility for both customers and employees. The entire development boasts over 4,100 well-positioned parking spaces. Furthermore, this property benefits from its proximity to the most affluent region within the Milwaukee MSA, guaranteeing a strong and stable customer base. The 998,316 square foot shopping center offers a robust and established retail environment, making this outlot a truly exceptional investment prospect. The address is 5800 N Bayshore Dr, Glendale, WI 53217.

Property profile

Verified
Property type Lifestyle centers
Total area 998,316 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5800 Bayshore Dr Glendale, WI 53217
Glendale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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