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    Property profile & analytics

    124 Rawson Ave Oak Creek, WI 53154

    • Commercial real estate
    • 1.95 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3424500
    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

    • Commercial real estate

    Property Details for 124 Rawson Ave

    Lot size
    1.95 lot acres
    Property type
    Commercial real estate
    APN
    733-9005-000
    APU
    7339005000

    Description

    This exceptional 4.21-acre commercial and industrial land parcel presents a unique redevelopment opportunity in Oak Creek, Wisconsin. Located at 124 E Rawson Ave, this property boasts a highly desirable location at the intersection of Rawson Avenue and Howell Avenue, ensuring excellent visibility and accessibility. The site is zoned B-4, permitting a wide range of commercial and industrial uses, providing flexibility for diverse development plans. The property's substantial size offers ample space for various projects, from large-scale industrial facilities to expansive commercial developments. With APN numbers 7339005000 & 7339004000, this property offers a clear title and straightforward acquisition process. The high-traffic intersection guarantees significant exposure to potential customers and employees. While this listing encompasses 4.21 acres, an adjacent half-acre parcel at the corner is also available through a separate listing, presenting the possibility of acquiring the entire corner lot for a truly comprehensive development. This presents a rare opportunity to secure a substantial land holding in a thriving Milwaukee County location with excellent zoning and high visibility. The property's location in Oak Creek, WI, zip code 53154, provides easy access to major transportation routes and a strong local workforce. This is an ideal investment for developers seeking a prime location for a variety of commercial or industrial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oak Creek
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.91
    Latitude
    42.9168
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN 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
    2022
    $13,741
    $383,300
    $325,400
    $708,700
    -
    $0.00
    $0.00
    $748,100

    Comparable in this City

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    • Value Estimation
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      1208 Pelton Dr

      COMMERCIAL (GENERAL) • 0.73 Acres
      1208 Pelton Dr, Oak Creek, WI 53154-1134
      View Details
    • Value Estimation
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      9578 Pennsylvania Ave

      COMMERCIAL (GENERAL) • 29.02 Acres
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    • Value Estimation
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      404 Puetz Rd

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      408 Puetz Rd

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    • Value Estimation
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      17.35 Acres

      200 Puetz Rd

      COMMERCIAL (GENERAL) • 17.35 Acres
      200 Puetz Rd, Oak Creek, WI 53154
      View Details

    Similar Nearby for Sale

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      Prime 2.29-acre redevelopment site.
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      4.21 Acres

      Oak Creek Commercial Land - 4.21 Acres

      Prime Redevelopment Site, High Traffic Area
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail/Office Development Near I-94

      New retail or office development with high traffic visibility.
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      Land with Interstate Visibility

      Commercial land available for lease with excellent interstate visibility.
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      143,000 SF

      Rawson Avenue Business Center A

      Oak Creek Office Space: Versatile Suites Available
      140 Rawson Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      150,192 SF

      Oak Creek Warehouse Space Available

      150,192 square foot warehouse near I-94 and airport.
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      10,000 SF

      Commercial Land Ready For Development

      Commercial land available for rent with build-to-suit options.
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      View Details
    • Contact for pricing
      139,726 SF

      Oak Creek Industrial: Executive Office Space

      139,726 SF Executive Office, Fully Vacant
      100 Oakwood Rd, Oak Creek, WI 53154
      View Details
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    124 Rawson Ave
    Oak Creek, WI 53154
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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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