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    18Th St Kenosha, WI 53144
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    18Th St, Kenosha, WI 53144

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    • Land
    • 140.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 18Th St

    Lot size
    140.83 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 140.83-acre agricultural land parcel in Somers, Wisconsin, presents a significant investment opportunity. Located on 18th Street in Kenosha County (APN 8242222220101), this A1-zoned property boasts high visibility and traffic counts exceeding 34,000 vehicles daily. The property features town/city and county road frontage, a driveway, and sewer and water availability along the west lot line. Its size (6,134,555 square feet) makes it ideal for a variety of large-scale developments. The area shows strong recent growth, with nearby establishments including Froedert South Hospital, Kwik Trip, Festival Foods, Burger King, Verizon, and Starbucks. The Village of Somers' land use plan provides further details on development potential. This listing encompasses two parcels. Consider this property for a big-box store, retail complex, multifamily development, or other large-scale projects. Adjacent land and a combined package are available via separate listings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8792
    Latitude
    42.6251

    Comparable in this City

    • Value Estimation by Request
      161.54 Acres

      9401 18Th St

      Farms
      9401 18Th St, Kenosha, WI 53144
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    • Value Estimation by Request
      10.30 Acres

      4421 88Th Ave

      Farms
      4421 88Th Ave, Kenosha, WI 53144
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    • Value Estimation by Request
      110.50 Acres

      12th 100Th Ave

      Land
      12th 100Th Ave, Kenosha, WI 53144
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    • Value Estimation by Request
      181.00 Acres

      I Somers Rail & Commerce Park

      Land
      I Somers Rail & Commerce Park, Kenosha, WI 53144
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    • Value Estimation by Request
      2.90 Acres

      1915 30Th Ave

      Land
      1915 30Th Ave, Kenosha, WI 53144
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    • Value Estimation by Request
      0.92 Acres

      5721 88Th Ave

      Land
      5721 88Th Ave, Kenosha, WI 53144
      View Details

    Similar Nearby for Sale

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      Land Near Kenosha Airport

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      Land For Sale

      Land available for sale.
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      Land Near Kenosha Airport

      Land for sale near I-41/I-94 and Kenosha Regional Airport.
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      795,471 SF

      Kenosha Land Parcel For Sale

      Large land parcel available in Kenosha, Wisconsin.
      11705 18Th St, Kenosha, WI 53144
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      Kenosha Land for Sale

      Land available for sale in Kenosha, Wisconsin.
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      8622 60th St, Kenosha, WI 53144

      Land
      8622 60Th St, Kenosha, WI 53144
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    Similar Nearby for Lease

    • $5 SF/Yr
      795,471 SF

      Somers Logistics Center: Premier Industrial Space

      Class A industrial space, I-94 frontage, multiple tenants.
      11705 18Th St, Kenosha, WI 53144
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      Retail Space for Lease

      Retail space and out lots available for lease.
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      61,939 SF

      Somers WI Warehouse Space Available

      241,968 SF warehouse space available for immediate occupancy.
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      918,624 SF

      Highland Commerce Center Distribution Facility

      Distribution, eCommerce, and manufacturing facility with freeway access.
      2655 113Th Ave, Somers, WI 53144
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      Industrial Units with Dock Access

      Small industrial units for rent with dock and drive-in access.
      8950 58Th Pl, Kenosha, WI 53144
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    18Th St
    Kenosha, WI 53144
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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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