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1294 Washington St Grafton, WI 53024

Commercial land Google Maps
0.8 ac lot
Entity Owned 28-yr Hold ~ Est. High Equity
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US92-1516139

Property summary

AI-generated overview

This exceptional 1.67-acre commercial land parcel presents a unique development opportunity in the thriving Grafton, Wisconsin market. Located at 1294 Washington St, this property boasts a prime location within a bustling retail corridor, offering significant potential for various commercial ventures. The land is zoned for commercial use, eliminating zoning hurdles and streamlining the development process. The absence of restrictions on medical or banking establishments further broadens the scope of potential projects. The asking price is $1,400,000. This property consists of four parcels, with APNs: 10-019-01-020.00, 10-019-01-013.00, 10-019-01-020.0 & 10-019-01-011.01. Situated in Ozaukee County, Wisconsin, zip code 53024, this location benefits from its position within a regional trade area and a growing municipality. The scarcity of development-ready land in this retail-focused area makes this an exceptional investment opportunity for developers seeking a strategic foothold in a vibrant and expanding market. The property's latitude and longitude coordinates are 43.320851 and -87.930002 respectively.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.8 ac (34,717 SF)
APN 10-019-01-020.00
UPID US92-1516139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 1998
3 recorded transactions
1998
$1.2M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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