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    21040 Lincoln Ave New Berlin, WI 53146

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    21040 Lincoln Ave New Berlin, WI 53146

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    • Manufacturing properties
    • 24.74 lot acres
    Off-Market
    Property ID
    US92-0419444
    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

    • Manufacturing properties

    Property Details for 21040 Lincoln Ave

    Lot size
    24.74 lot acres
    Property type
    Manufacturing properties

    Description

    This exceptional 24.74-acre parcel in New Berlin, Wisconsin, presents a rare opportunity for industrial development. Located at 21040 W Lincoln Ave, 53146, this property is one of the last large tracts in the area suitable for industrial zoning with outside storage. Currently zoned B-2 Commercial and C-2 Shoreland, the city of New Berlin is open to rezoning to M-1 or M-2, making it ideal for various manufacturing or industrial uses. The site, largely undeveloped, is not a former landfill. While the owner intends to retain approximately 8 acres on the east side for their trucking business, the remaining 24.74 acres are available for purchase. The owner may consider selling the entire 33.24-acre parcel. The property boasts two existing curb cuts, with potential for additional access points. Utilities consist of a well water and septic system

    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
    New Berlin
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.1741138
    Latitude
    43.003318

    Comparable in this City

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      New Berlin Vacant Land Opportunity

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      New Berlin Vacant Land Opportunity

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      Commercial Land For Sale

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      Turnkey Driving Range Investment Opportunity

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    Similar Nearby for Sale

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      34,000 SF

      Waukesha Manufacturing Building For Sale

      Manufacturing building with heavy power, loading docks, and tenant income.
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      View Details
    • Contact for pricing
      1,510 SF

      Commercial Land For Sale

      Commercial land available for sale.
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    • $1,000,000
      27.00 Acres

      New Berlin Vacant Land Opportunity

      27 acres of land available in New Berlin, Wisconsin.
      4235 S Racine Ave, New Berlin, WI 53146
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      New Berlin Vacant Land Opportunity

      Three contiguous parcels with exceptional development potential in New Berlin.
      18585 W National Ave, New Berlin, WI 53146
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      960 SF

      Turnkey Driving Range Investment Opportunity

      Established 15.75-acre driving range with revenue potential.
      20101 W Cleveland Ave, New Berlin, WI 53146
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    Similar Nearby for Lease

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      7,908 SF

      Pewaukee Flex Space Available

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      3,750 SF

      Waukesha Warehouse with Office Space

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      Waukesha Flex/Industrial Space Available

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      33 SF

      New Berlin Land for Lease

      Approximately 33.24 acres of land available for lease.
      21040 W Lincoln Ave, New Berlin, WI 53146
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      Waukesha County Office Space

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      Retail Space Available For Rent

      Retail spaces available, ranging from 2,100 to 23,200 square feet.
      14005 Greenfield Ave, New Berlin, WI 53146
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    21040 Lincoln Ave
    New Berlin, WI 53146
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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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