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    1090 Wright Rd Janesville, WI 53546
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    Property profile & analytics

    1090 Wright Rd Janesville, WI 53546

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    • Commercial real estate
    • 2.19 lot acres
    Off-Market
    Property ID
    US92-1971027
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1090 Wright Rd

    Lot size
    2.19 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.19-acre vacant land parcel presents a remarkable opportunity for commercial development in Janesville, Wisconsin. Strategically located on North Wright Road, this B-3 zoned property boasts exceptional visibility and accessibility, situated directly across from Mercy Clinic East. The high-traffic location, with a daily count of 8,800 vehicles, ensures significant exposure for any commercial venture. The surrounding area is thriving, with established businesses including two car dealerships, a bank branch, several restaurants, and a recently constructed Kwik Trip, creating a strong and diverse commercial environment. This property offers significant potential for a variety of retail uses, capitalizing on the high volume of traffic and the presence of established businesses. The expansive lot size provides ample space for development, allowing for flexibility in design and scale. The property's location in Janesville, Wisconsin, within Rock County, offers access to a robust local economy and a strong consumer base. The address is 1090 N Wright Rd, Janesville, WI 53546. This is an ideal investment for developers seeking a prime location with high visibility and significant growth potential. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -88.9724548
    Latitude
    42.6976743

    Comparable in this City

    • $320,000

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    • $1,633,500

      Janesville Redevelopment Site For Sale

      Redevelopment site in Janesville's next significant commercial development.
      4941 N Wright Rd, Janesville, WI 53546
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    • $1,306,800

      Janesville Land For Sale

      4 acres of land, part of a planned retail development.
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      Prime Commercial Land I-90 Interchange

      High-traffic commercial land near I-90, ideal for quick-service restaurants.
      631 Midland Rd, Janesville, WI 53546
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    • $229,900
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      2.3-Acre Parcel in Janesville, WI

      2.3-acre L-shaped parcel offering endless possibilities in Janesville.
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    • $2,022,900

      Janesville Industrial Site on Freedom

      36.78-acre industrial site with utilities ready in Janesville, WI.
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    Similar Nearby for Sale

    • $320,000

      Commercial Land at Signalized Intersection

      Located at a signalized intersection in a growing commercial development.
      4405 Mccormick Dr, Janesville, WI 53546
      View Details
    • $1,633,500

      Janesville Redevelopment Site For Sale

      Redevelopment site in Janesville's next significant commercial development.
      4941 N Wright Rd, Janesville, WI 53546
      View Details
    • $1,306,800

      Janesville Land For Sale

      4 acres of land, part of a planned retail development.
      4700 Milton Ave, Janesville, WI 53546
      View Details
    • Contact for pricing

      Prime Commercial Land I-90 Interchange

      High-traffic commercial land near I-90, ideal for quick-service restaurants.
      631 Midland Rd, Janesville, WI 53546
      View Details
    • Contact for pricing
      12,492 SF

      Redevelopment Opportunity Cold Storage Building

      12,492 sq. ft. building on 1.13-acre lot for sale.
      824 W Delavan Dr, Janesville, WI 53546
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      2821 Center Ave, Janesville, WI 53546
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    Similar Nearby for Lease

    • $13 SF/Yr
      2,000 SF

      Retail/Office Space For Rent

      Retail or office space available in a busy commercial corridor.
      1905 Center Ave, Janesville, WI 53546
      View Details
    • $1,625 /Mo
      1,300 SF

      Rose Pointe Center - Office or retail space for lease in Janesville, WI

      Rose Pointe Center - Office or retail space for lease in Janesville, WI
      4407 Milton Ave, Janesville, WI 53546
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    • Contact for pricing

      Industrial Warehouse with Expansion Potential

      80,033 SF warehouse with outdoor storage and expansion opportunity.
      1855 S Jackson St, Janesville, WI 53546
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    • $208,500

      Janesville Industrial Building on 3 Acres

      30,000 sq ft industrial building for lease in Janesville.
      401 E Conde St, Janesville, WI 53546
      View Details
    • $8 SF/Yr
      7,500 SF

      Office Space For Rent

      Up to 7,500 SF office space available for rent.
      3939 Whitney St, Janesville, WI 53546
      View Details
    Request Owner's contact information
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    1090 Wright Rd
    Janesville, WI 53546
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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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