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    4500 108Th St Greenfield, WI 53228
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    4500 108Th St, Greenfield, WI 53228

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    • Retail properties & Spaces
    • 0.94 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4500 108Th St

    Lot size
    0.94 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 0.94-acre parcel presents a prime retail investment opportunity in Greenfield, Wisconsin. Located at 4500 S 108th St, the property boasts unparalleled visibility from Highway 100, ensuring maximum exposure for any commercial venture. Its strategic placement directly in front of a recently constructed Walmart Supercenter guarantees high traffic volume and a robust customer base. The C4 Commercial zoning allows for a wide range of development possibilities, catering to various retail uses. Furthermore, the property benefits from its convenient proximity to the I-43/894 interchange and its easily accessible on/off ramps, enhancing accessibility for both customers and employees. This location offers a unique blend of high visibility, strong demographics, and excellent transportation links, making it an ideal site for businesses seeking significant growth potential. The land is situated in Milwaukee County, Wisconsin, with a zip code of 53228. This is a rare opportunity to acquire a highly desirable outlot in a thriving commercial area. The property's size and location make it an attractive proposition for developers and investors seeking a strong return on investment. Don't miss this chance to secure a piece of Greenfield's vibrant retail landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0458
    Latitude
    42.9619

    Comparable in this City

    • Value Estimation by Request
      3,738 SF

      3875 92nd St

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      3875 92nd St, Milwaukee, WI 53228-1613
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    • Value Estimation by Request
      5,850 SF

      8402 Morgan Ave

      SHOPPING CENTER, STRIP CENTER
      8402 Morgan Ave, Milwaukee, WI 53228-1518
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    • Value Estimation
      $600,000
      2,499 SF

      3869 84th St

      SERVICE STATION WITH FOOD MART
      3869 84th St, Milwaukee, WI 53228-1705
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    • Value Estimation by Request
      2,627 SF

      3872 92nd St

      BAR, TAVERN
      3872 92nd St, Milwaukee, WI 53228-1614
      View Details
    • Value Estimation by Request
      350,000 SF

      Greenfield, WI 53228

      Restaurants
      Greenfield, WI 53228
      View Details
    • Value Estimation
      $515,000
      3.60 Acres

      8555 Frst Home Ave

      COMMERCIAL (GENERAL)
      8555 Frst Home Ave, Greenfield, WI 53228-3408
      View Details

    Similar Nearby for Sale

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      Retail/Warehouse Space on S 108th

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      4,000 SF

      Greenfield Commercial Property For Sale

      Commercial property for sale in Greenfield, Wisconsin. 4,000 square feet.
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      16,400 SF

      Highway 100 Showroom For Sale

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      High Visibility Land Outlot

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      Land with Intersection Improvement Funds

      6.75 acres with transferable funds for traffic signal installation.
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    Similar Nearby for Lease

    • $18 SF/Yr
      3,700 SF

      Retail Space on S. 108th

      Retail space in high-visibility shopping center with ample parking.
      3765 South 108Th St, Greenfield, WI 53228
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      9,000 SF

      Mixed-Use Development Retail Space

      48-acre mixed-use development with retail, medical, and residential spaces.
      8900 W Sura Ln, Greenfield, WI 53228
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      Retail Space Available For Rent

      Retail space available for rent in Greenfield, Wisconsin.
      3740 S 108Th St, Greenfield, WI 53228
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      Land For Lease Greenfield

      Land available for lease in Greenfield, Wisconsin.
      99th W Layton Ave, Greenfield, WI 53228
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      Greenfield Office Spaces Available

      Office spaces for rent in Greenfield, ranging from 116-238 SqFt.
      8505 W Forest Home Ave, Greenfield, WI 53228
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      2,683 SF

      Class A Office Building

      Class A office building with high visibility and accessibility.
      10521 W Layton Ave, Greenfield, WI 53228
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    4500 108Th St
    Greenfield, WI 53228
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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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    4500 108Th St, Greenfield, WI, 53228
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