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    Property profile & analytics

    1735 120Th Ave Kenosha, WI 53144

    • Commercial real estate
    • 82.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1627434
    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 1735 120Th Ave

    Lot size
    82.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 82.4-acre commercial land site in Kenosha, Wisconsin, offers unparalleled access to major transportation arteries. Boasting I-94 frontage with 94,000 vehicles per day, the property is conveniently located within 0.5 miles of the I-94 and Highway 142 interchange and 1 mile from the I-94 and Somers Road interchange. The site benefits from a strong pro-business community, low real estate taxes, and the availability of municipal incentives for job creators. Construction is anticipated for Spring 2022. The area features a robust labor pool and efficient site characteristics. Prominent corporate neighbors include Uline, Trifinity, Silgan Containers, and Amazon. The property is situated in the Village of Somers, WI, with a Kenosha mailing address (1735 120th Ave, Kenosha, WI 53144). Utilities include a 12-inch water main and a 10-inch sanitary sewer line. The location provides convenient access to major airports, with Mitchell International Airport 25 minutes away and O'Hare International Airport 40 minutes away. This prime location presents a unique opportunity for significant commercial development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.9453769
    Latitude
    42.627528

    Comparable in this City

    • $499,000
      1.29 Acres

      Kenosha Commercial Land - $499K

      1.29-acre commercial lot, prime location.
      2900 Green Bay Rd, Kenosha, WI 53144
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    • $100,000

      Kenosha Land Near Airport

      Land available near Kenosha Regional Airport, suitable for commercial/industrial uses.
      5721 88Th Ave, Kenosha, WI 53144
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    • $2,275,000

      Kenosha Land Parcel For Sale

      13-acre commercial land near I-94 and Kenosha Airport.
      6600 52Nd St, Kenosha, WI 53144
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    • New
      $99,000
      0.16 Acres

      Kenosha Vacant Corner Lot

      Spacious corner lot in Kenosha, ready for development.
      5502 46Th Ave, Kenosha, WI 53144
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    • $3,500,000
      10.30 Acres

      Prime Kenosha County Land

      10.3 Acres, Ready for Development
      4421 88Th Ave, Kenosha, WI 53144
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    • $7,182,500
      110.50 Acres

      Prime Kenosha Development Land

      110.5 Acres, Zoned A-4, $7.1M
      12th 100Th Ave, Kenosha, WI 53144
      View Details

    Similar Nearby for Sale

    • $499,000
      1.29 Acres

      Kenosha Commercial Land - $499K

      1.29-acre commercial lot, prime location.
      2900 Green Bay Rd, Kenosha, WI 53144
      View Details
    • $100,000

      Kenosha Land Near Airport

      Land available near Kenosha Regional Airport, suitable for commercial/industrial uses.
      5721 88Th Ave, Kenosha, WI 53144
      View Details
    • $2,275,000

      Kenosha Land Parcel For Sale

      13-acre commercial land near I-94 and Kenosha Airport.
      6600 52Nd St, Kenosha, WI 53144
      View Details
    • New
      $99,000
      0.16 Acres

      Kenosha Vacant Corner Lot

      Spacious corner lot in Kenosha, ready for development.
      5502 46Th Ave, Kenosha, WI 53144
      View Details
    • $3,500,000
      10.30 Acres

      Prime Kenosha County Land

      10.3 Acres, Ready for Development
      4421 88Th Ave, Kenosha, WI 53144
      View Details
    • $7,182,500
      110.50 Acres

      Prime Kenosha Development Land

      110.5 Acres, Zoned A-4, $7.1M
      12th 100Th Ave, Kenosha, WI 53144
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      795,471 SF

      Somers Logistics Center: Premier Industrial Space

      Class A industrial space, I-94 frontage, multiple tenants.
      11705 18Th St, Kenosha, WI 53144
      View Details
    • $9 SF/Yr
      25,475 SF

      Industrial Units with Dock Access

      Industrial units for rent with dock and drive-in access.
      5732 95Th Ave, Kenosha, WI 53144
      View Details
    • $9 SF/Yr
      22,950 SF

      I-94 Corridor Industrial Hub

      Industrial space for rent in I-94 corridor.
      9522 58Th Pl, Kenosha, WI 53144
      View Details
    • $16,750,000
      320,964 SF

      Kenosha Industrial Building For Lease

      Standalone industrial building with subdivision potential and convenient access.
      4200 39Th Ave, Kenosha, WI 53144
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    • $17 SF/Yr
      13,940 SF

      Kenosha Flex Space For Rent

      Flex space with kitchen, party rooms, and high traffic location.
      4237 Green Bay Rd, Kenosha, WI 53144
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    • $1,850 /Mo
      2,400 SF

      Kenosha Commercial Space For Rent

      Highly visible commercial unit suitable for retail, office, or service-based businesses.
      3818 60Th St, Kenosha, WI 53144
      View Details
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    Kenosha, WI 53144
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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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