Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4663 51St St Greenfield, WI 53220

    • Commercial real estate
    • 1.26 lot acres
    For Sale
    View listing
    $560,000
    Value Estimation
    Last Sale
    Jun 13, 2025
    $265,000
    Location Intelligence
    Property ID
    US92-0703767
    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 4663 51St St

    Lot size
    1.26 lot acres
    Property type
    Commercial real estate
    APN
    602-9976-001
    APU
    6029976001

    Description

    This exceptional 1.26-acre commercial lot presents a prime development opportunity in the heart of Greenfield, Wisconsin. Situated on a corner lot at the intersection of S 51st Street and Layton Avenue, this property boasts an impressive 270 feet of road frontage on Layton Avenue and 213 feet on S 51st Street, ensuring high visibility and accessibility. Its strategic location directly across from Konkel Park and within the rapidly expanding Layton corridor places it in the midst of significant growth and development, with numerous new businesses establishing themselves in the area. The property's proximity to the I-894 interchange provides easy access to major transportation routes, further enhancing its appeal for commercial ventures. This is an ideal site for a variety of commercial developments, benefiting from the high traffic counts on both streets and the strong potential for attracting customers and employees. The substantial size of the lot allows for ample space for construction and potential future expansion. Don't miss this chance to secure a prime piece of Greenfield real estate and capitalize on the area's burgeoning commercial landscape. The asking price is $560,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $205,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $215,000
      Mixed-Use
      $215,000
      Hospitality
      $190,000
      Educational
      $240,000
      Residential Income
      $210,000
      Energy
      $180,000
      Income-Based Land
      $235,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9791
    Latitude
    42.9599
    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
    $13,860
    $495,500
    $0.00
    $495,500
    -
    $0.00
    $0.00
    $667,000

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

      4615 Layton Ave

      COMMERCIAL (GENERAL) • 2.54 Acres
      4615 Layton Ave, Greenfield, WI 53220-4141
      View Details
    • Value Estimation by Request
      1.80 Acres

      8380 Layton Ave

      COMMERCIAL (GENERAL) • 1.80 Acres
      8380 Layton Ave, Greenfield, WI 53220-3717
      View Details
    • Value Estimation by Request
      6.16 Acres

      4600 Loomis Rd

      COMMERCIAL (GENERAL) • 6.16 Acres
      4600 Loomis Rd, Greenfield, WI 53220-4858
      View Details
    • Value Estimation by Request
      113,925 SF

      5020 55th St

      COMMERCIAL (GENERAL) • 113,925 SF
      5020 55th St, Greenfield, WI 53220-5518
      View Details
    • Value Estimation by Request
      13,780 SF

      6501 Layton Ave

      COMMERCIAL (GENERAL) • 13,780 SF
      6501 Layton Ave, Greenfield, WI 53220-4522
      View Details
    • Value Estimation by Request
      1,802 SF

      4710 Loomis Rd

      COMMERCIAL (GENERAL) • 1,802 SF
      4710 Loomis Rd, Greenfield, WI 53220-4823
      View Details

    Similar Nearby for Sale

    • $560,000
      1.26 Acres

      Greenfield Commercial Corner Lot

      High-traffic location, development opportunity.
      4663 51St St, Greenfield, WI 53220
      View Details
    • $395,000

      Milwaukee Commercial Land - 2.5 Acres

      Two prime commercial parcels, ideal for development.
      6160 Waterford Ct, Milwaukee, WI 53220
      View Details
    • $1,500,000
      5,000 SF

      Greenfield Medical/Wellness Office For Sale

      Excellent visibility, ideal for medical or wellness use.
      8081 W Layton Ave, Greenfield, WI 53220
      View Details
    • $375,000

      Residential Land Near Park Area

      Land with easy access and open surroundings near park.
      6201 W Waterford Ct, Milwaukee, WI 53220
      View Details
    • $550,000

      High Visibility Commercial Land

      Commercial land with high traffic and convenient location.
      5011 W Loomis Rd, Greenfield, WI 53220
      View Details
    • $10,500,000
      62,681 SF

      Greenfield Medical Office Building

      62,681 SF Medical Office, $10.5M
      4600 Loomis Rd, Greenfield, WI 53220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Greenfield Medical Office Space for Lease

      Brand new, 1200 sq ft medical office suite.
      6810 Layton Ave, Greenfield, WI 53220
      View Details
    • $17 SF/Yr
      2,830 SF

      Turnkey Medical Office for Rent

      Fully outfitted and furnished medical office space available for rent.
      4325 S 60Th St, Greenfield, WI 53220
      View Details
    • $1,350,000
      9,000 SF

      Prominent Office Building For Lease

      Well-known office building with high visibility and flexible space.
      5005 W Loomis Rd, Greenfield, WI 53220
      View Details
    • $20 SF/Yr
      4,400 SF

      Former Automotive Service Building Available

      Automotive service building for rent at a highly trafficked intersection.
      8333 W Layton Ave, Greenfield, WI 53220
      View Details
    • $19 SF/Yr
      2,000 SF

      New Construction Retail Space Available

      New retail space with high visibility and monument signage.
      3928 South 76Th St, Milwaukee, WI 53220
      View Details
    • Contact for pricing
      45,567 SF

      Milwaukee Retail Center Investment Opportunity

      High-traffic retail space available in Milwaukee.
      6023 Forest Home Ave, Milwaukee, WI 53220
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4663 51St St
    Greenfield, WI 53220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.