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    Property profile & analytics

    203 Walworth St Elkhorn, WI 53121

    • Commercial real estate
    • 0.25 lot acres
    For Sale
    View listing
    $299,000
    Value Estimation
    Last Sale
    Apr 23, 2025
    $290,000
    Location Intelligence
    Property ID
    US92-0893252
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bartz Chiropractic / Chiropractor
    • Elkhorn Chamber of Commerce / Chamber Of Commerce

    Property Details for 203 Walworth St

    Lot size
    0.25 lot acres
    Property type
    Commercial real estate
    APN
    YOP 00253
    APU
    YOP00253

    Description

    This exceptional 1,800 square foot commercial property, situated on a 0.25-acre lot at 203 W Walworth Street in Elkhorn, Wisconsin, presents a unique investment opportunity. The building's flexible T-1 zoning allows for a variety of uses, including commercial, single-family residential, or multi-family residential development, providing significant adaptability for future owners. The existing structure is well-designed and boasts a desirable location within the vibrant Elkhorn community. Currently, the upper level is occupied by a month-to-month tenant, offering immediate income potential or the possibility of owner-occupancy upon lease expiration. The property's versatility, combined with its prime location and existing income stream, makes it an attractive proposition for investors seeking a strong return on investment or entrepreneurs looking to establish their business in a thriving area. The 1,800 square feet of space offers ample room for various business ventures or residential configurations. The 0.25-acre lot provides sufficient outdoor space for potential expansion or additional development. This property is ready for its next chapter, offering a blend of immediate income and long-term growth potential. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $190,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $220,000
      Mixed-Use
      $175,000
      Hospitality
      $195,000
      Educational
      $210,000
      Residential Income
      $225,000
      Energy
      $175,000
      Income-Based Land
      $180,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.5464
    Latitude
    42.6715
    CBSA code
    48580
    CBSA name
    WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,045
    $33,700
    $225,800
    $259,500
    -
    $0.00
    $0.00
    $0.00

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    203 Walworth St
    Elkhorn, WI 53121
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    Realmo Value Estimation

    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.

    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.

    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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