Technical
Financial
Distress signals
Property profile

2345 Commerce Dr New Berlin, WI 53151

OFF-MARKET
Commercial real estate
Property ID
US92-0466349
51,224 SF 3.47 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Total area 51,224 SF
Lot 3.47 ac (151,153 SF)
Zoning code M2
APN NBC 1190026001
UPID US92-0466349

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Kitchen & Bath Showroom

Location

2345 Commerce Dr New Berlin, WI 53151-2715
New Berlin metro Census 201404 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$3.60M

Owner & transaction history

since 2023
Last sale
$3.1M
2 recorded transactions
2023
$3.1M
2004
Price N/A

Zoning & alternative use

M2 · New Berlin, WI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2345 Commerce Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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